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Does anyone know what is going on with The Place? I have a friend who bought there that is seriously getting worried that they might be having issues with financing or something major like that.

He hasn't heard any updates from them, other than they were supposed to start construction last November, then was notified last month that their estimates for closings were being pushed back to Oct/Nov '06 from July '06.

I for sure thought this would have been one of the first projects to get off the ground, but now it is looking like it will be dead last.

Any insights?
 

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They recently were trying to add a phase two tower of 30 stories, but nieghbors griped, so instead the owners are expanding the origional project some. They just got that expansion approved a couple weeks ago, so things should be moving SFAIK.

If they bought, tell them to call up and demand a more precise timeframe. They have every right to do so.
 
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