The pace of new contracts being written on that last 20% of available units in Infinity’s phase one has picked up steam recently which could be interpreted (and touted) as a sign of market strength.
At the same time, the plugged-in word on the street is that buyers have been able to negotiate discounts of as much as 20% off of original list prices as Tishman clears the way for their inventory in tower two.
That’s a sign that’s not being as openly discussed. And while it might be an opportunity for some, for others it could pose a near-term challenge with respect to resales in tower one.
∙ Infinity Tower Two Inventory To Start Selling In January (2009) [SocketSite]
∙ Another Infinity Resale (#9E) Within Those “Restricted” Two Years [SocketSite]