Can we please move on? This speculating is going in circles and not adding any value to the forum.
Oh - but we haven't even really got going yet. I have not seen any comparisons to the sales run rates of comparable properties at equivalent stages in their sales cycles. There has to be lots of potential to compare and contrast with the sales levels at comparable times for the Shangri-La, the Four Seasons, the Ritz Carlton, and dare I say it, the Trump condominiums. I am fairly sure they did all not sell out in the first weeks or so that people are bemoaning the status of The One.
Would it not be interesting to see sales rate comparisons for the One on a month by month against these projects? Perhaps we could then throw in some adjustments for seasonality (winter verses spring or summer sales), location (mid-town Four Seasons and The One), versus downtown (Ritz Carlton, Shangri-La and Trump)? How long was the Ritz Carlton sales pavilion sitting in the parking lot at 156 Front Street anyway?
At least these would be some objective measures to enhance all the fanciful speculation seen to date.
On the other hand, we could simply accept that a high end, high cost product is going to have a longer sell cycle, and need a little more patience than the typical mass market condominium project. Kind of like the sell times for larger three bedroom suites in a downtown building (e.g. according to the staff on site at the
Theatre District Condominium sales suite last weekend - fifteen units left, all three bedroom units. All the studio / junior and one bedroom, and two bedroom suites gone).
