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The Verdict on Alex is Out!

November 19, 2008 by  
Filed under Alex

alex-new-cornerEverybody keeps asking, and Alex has been conveniently unavailable for comments since we all found out about it.  But, it looks like Matt at Urbnlivn got the official news on what Alex plans to do with their project.

With the market being the way that it is, it would be difficult to see Alex choosing to go condo.  The real deals right now seem to be in resales, while new construction costs are definitely priced at a premium.  Resale listings are either meeting buyer demands on price, or being taken off the market.  However, new construction projects like ESCALA have made price increases.

So what’s it going to be?  Will Alex be apartments, or condos?

…and the verdict.

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