 |
Subscribe / Renew |
 |
Contact Us |
| ► Subscribe to our Free Weekly Newsletter | |
Construction Bids
| home | Welcome, sign in or click here to subscribe. | login |
Real Estate
 Lynn Porter Real Estate Editor |
Subscriber content preview
August 27, 2009
Real Estate Buzz: Regrade towers won't start till 2010
By LYNN PORTER
Real Estate Editor
Real Estate Editor
Embassy Development Co. has pushed back the start of construction on the first phase of its two-tower Denny Regrade condo project until mid-2010 given the reluctance of buyers to jump into the market these days, said company President Ryan Bosa.
The British Columbia-based firm is also scaling back the unit size because post-recession buyers expect lower price points than in the last real estate cycle, he said.
. . .
To read this story in full login or purchase a subscription.
Previous columns:
- Real Estate Buzz: Douglas Howe: Seattle office market is ‘somewhere between dismal and disaster', 07-30-2009
- Real Estate Buzz: GVA sees 20% office vacancy in 2010, 07-16-2009
- Real Estate Buzz: Site sold at a loss — and sellers feel lucky, 06-18-2009
- Real Estate Buzz: 'Shadow market' leaves apartments vacant, 06-04-2009
- Real Estate Buzz: Will warm and fuzzy sell apartments?, 05-21-2009
- Real Estate Buzz: One project, 10 lenders. You do the math, 05-07-2009
- Real Estate Buzz: Help wanted at the Broderick Group, 04-23-2009
- Real Estate Buzz: Local fund turns distressed homes green, 04-09-2009