Separate developers in Buckhead are building four speculative office buildings at the same time with virtually no leasing activity. The 35 recent condominium projects will help give Atlanta a 40-year supply at the current sales pace. A $600 million outdoor shopping mall under way has suspended construction to save money.
So they tore up the nightlife district that was once considered one of the most attractive features of this city and replaced it with - a huge fucking hole in the ground. George, who is in charge of building the project, said a fall 2010 opening date is still feasible. The large construction cranes on the site will remain. He added that Carter is current on all payments. “This job’s going to happen,” said George. “I’m convinced this job will move forward. There’s no doubt in our minds.”
Yeah, right. You know, there is a big building project in southern Manhattan. They're hard at work on it every time I go by there. I'm sure the walls will be up any day now... any day... after all, its prime real estate! They can't leave it vacant for ever, can they? "It may take five years, it may take 10 years," she said, "but it's not going to take 21 years."
Wanna bet? Buckhead Redevelopment = EPIC FAIL |