August at University District | ?m | 6s | Avi Urban

One more floor to go, and it'll be topped out.

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We had 1 guy working on site, contractor who we sub under approached him and asked him if he was going to continue working as they were leaving due to non-payment. Hoping it’s just a short blip but hard to say.
 
Hearing trades are not being or have not been paid here, trades pulling out.
Not too discredit what you’re saying, but I would be very surprised if AviUrban didn’t have the cash to finish this. No idea what pre-sales are on this, but would be very surprised that they arent meeting financing thresholds, especially to the degree it would put a hold on construction at this point in development, and that they were withholding pay from contractors.
Again, not calling you out, you may have heard something I haven’t, but just doesn’t make sense at this point of development that money would stop flowing before the parcel is at least sealed up, Avi can’t be that cash poor
 
I’ll see if I find out more tomorrow, just reporting what our guy on site relayed back, don’t take home to be a bullshitter but never know.
 

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