I decided that I would check to see the progress of the Riverfront Condos. The work on the condominium project started in 2008 when crews leveled the earth, installed bulkheads along the river and secured the infrastructure.
I believe that the age-restricted tag had not been lifted, the project likely would not have continued. Continued construction still depends on being able to sell units, but in this market its going to be difficult. None of the units had been sold at the original asking price of about $300,000, although the project was still in its development stage. The units now are being solf for between $225,000 and $250,000. In light of the severe recession and drastic cuts in state funding it is vital that this project be allowed to finish. Let us hope it is finished soon.
I believe that the age-restricted tag had not been lifted, the project likely would not have continued. Continued construction still depends on being able to sell units, but in this market its going to be difficult. None of the units had been sold at the original asking price of about $300,000, although the project was still in its development stage. The units now are being solf for between $225,000 and $250,000. In light of the severe recession and drastic cuts in state funding it is vital that this project be allowed to finish. Let us hope it is finished soon.
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