Peepers
Banned
If a smaller scaled project couldn't sellout in this environment, what makes you think a bigger one would?
AoD
It's not that a smaller project wouldn't sell out - I'm just not convinced that the obstructive city planners and politicians are going to approve the resubmitted plans without further changes and by the time anything gets approved the market conditions may have softened so much that the project gets shelved. Had the original proposal been approved in a timely manner these towers would have been sold out by now and construction well under way. I doubt that the developer chose to cut 600 units from the original proposal because he/she didn't think they would sell.