Hmm. Not a lot of progress in the last six months. This is the kind of thing that makes me wish that the repossession fairy would fly by, wave its magic wand, and transfer this building to someone who can finish it. I mean, who's the contractor on this, Bondfield?
As frustrating as these examples of slow construction are I have learned to be more sympathetic to the situation as a product of my own experience and naivety.
Code and compliance issues, as well as rising land values are conspiring to make it more difficult to hold and operate small buildings for both landlords and tenants.
Like I got a quote from the city recently to install a new water line required to satisfy permit issues with a small commercial space. Their initial estimate is $66,000 (with an open time window of 1-4 months to complete). That is for one pipe to satisfy one code issue up to the property line!