Hopefully not as long as FCC2. There are a few others lingering around from that era too. I guess what I'm saying is having the below grade completed has an expiry date.
Another landlord, Centron Group, paused construction of an office tower just outside downtown on 10th St. and is considering redesigning the building to house condos.
Redesigning for residential is the best bet, even if residential market is slow. Office market is a long ways a way until recovery.
285 units if you use the as built parking with a 0.8 ratio. Of course, could up that with parking above grade with some redesign.The problem is they have to go big. It's going to be a very hard sell. I agree. It's they're best option to get out of this. To repeat. I doubt they are in a good position to sit and wait. The other option is to sell the site but , it will probably come with a sizable loss. Chances are that is what will happen