From the sales office at The Infinity:
The Infinity San Francisco, a 650-unit luxury condominium development by Tishman Speyer, announced today that its 237-unit Tower I is 100 percent closed out. The Tower I close out caps off an extraordinarily successful year in which The Infinity recorded 292 net sales – nearly 45 percent of its total 650 units of inventory. The development’s 285-unit Tower II is nearly 70 percent closed just nine months after opening in February 2009. The entire development is now more than 85 percent closed.
UPDATE: Parsing the language, we estimate the treetops to be roughly 90 percent sold and “Phase One” (Tower I and the Treetops) at 97 percent closed overall. We’ll also call it roughly 40 net new Phase One sales and roughly 165 net new Tower II sales over the past eight months.
Keep in mind significant sales office discounting (over 30% for some) has been in play but has also eased up over the past couple of months.
UPDATE: A plugged-in reader believes that all the treetop units have all closed. If so, call it closer to 50 net new Phase One sales (and a Phase One closeout) over the past eight months. And either way, call it just under a hundred to go.
UPDATE: Another plugged-in reader adds: “As of two weeks ago, there were 47 available units at the Infinity…so that translates to something like 552 closed, 51 under contract, 47 available.”
∙ Infinity Tower Two Sales Update: 50 Contracts Total Since January 1 [SocketSite]
∙ Infinity Sales Update: New Contracts Up But Driven By Discounts [SocketSite]
Good for the developer. Things are not all doom and gloom 🙂
guess we now know which buliding won the smackdown
Infinity over ORH by KO in the 3rd round…
“Things are not all doom and gloom.”
No, at the right price (a much lower one than had been attempted initially) everything sells. Even pets.com stock sold the minute before they filed for bankruptcy. If the price is right, everything sells.
UPDATE: Parsing the language, we estimate the treetops to be roughly 90 percent sold and “Phase One” (Tower I and the Treetops) at 97 percent closed overall. We’ll also call it roughly 40 net new Phase One sales and roughly 165 net new Tower II sales over the past eight months.
Keep in mind significant sales office discounting (up to 30%) has been in play but has also eased up over the past couple of months.
These are great looking buildings and a real contribution to SF. It’s too bad ORH can’t just be knocked down, it’s such an eyesore.
not sure what you are trying to say tipster
the pets.com analogy/mixed metaphor is a bad one
I highly doubt the infinity will be going belly up anytime soon…
Comparing this complex with ORH really doesn’t make much sense. They are both tall, but that is about all they share. Infinity is in South Beach while ORH is on top of Rincon Hill.
Infinity was always targeted at a luxury market and has very high end amenities. Without both towers the whole Infinity complex would have balance sheet troubles.
ORH started off as one of the first tall building projects seen for a long time. Luxuries and price increases worked their way in, but the overall development costs were much lower than Infinity because of the innovative construction process and structure and also because the pool and other common areas are more modest than what Infinity offers. This means that ORH developers had less pressure to build a second tower right now and also have less pressure to sell quickly because the margins are bigger.
“guess we now know which buliding won the smackdown
Infinity over ORH by KO in the 3rd round…”
Polip – did you grow into a tumor? When you discount by 30% it’s much easier to move the merchandise. That’s a KO for the Tower 1 residents that paid a premium that may take 5-10 years for them to re-coup.
Mole Man – you may have a point about the margins but I also heard that the One Rincon developer claimed that he had paid off all outstanding building loans at a recent HOA meeting. Hence, aside from subsidizing the HOA cost of existing unsold units, the pressure to unload units would be less.
The Infinity and One Rincon Hill are both great projects, with compelling and distinct attributes of their own.
One may be suitable for your tastes while the other may not. The most noteable of which would be a location vs view argument.
The important fact, that has not been examined yet, is that for the most part, the low price point (relative) does not exist at either anymore.
To fill that void in 2010 (if you’re “plugged” in maybe a little earlier?) will be One Hawthorne.
UPDATE: Parsing the language, we estimate the treetops to be roughly 90 percent sold and “Phase One” (Tower I and the Treetops) at 97 percent closed overall. We’ll also call it roughly 40 net new Phase One sales and roughly 165 net new Tower II sales over the past eight months.
I do not believe there are any units from the developer for sale in the A, B, or C buildings. At the time I was told I had closed the last sales in B (B23B 9/10/09)) and C (C8E 6/30/09).
Only D remains, unless they are holding back something from me!
I believe the last unit to close in A was A7J, a few months back.
Of coarse, there are a few resales in B, and I will have a couple in A and C coming out in the near future.
[Editor’s Note: It’s entirely possible and all depends on just how “nearly” that 70 percent is for Tower II and just how “more than” that 85 percent is for the development overall. At 70 and 85 percent exactly, at least a few Treetops would have to remain unclosed.]
Paul – Can you let us know the pricing on B 23B which you mentioned closed on 9/10/09?
Paul – do you know the percentage rented/sold in
ORH and also in the Millenium?
Do you see TRC getting built – at least
in the next 5, 6 or 7 years?
The luxury condo market over $1 million is still stagnant. The Inifity, with 30% discounts, sold mostly from their under $1 million inventory, something One rincon did months ago. check the lights, practicially everything is sold from 8-40. only flrs 40-60 is where inventory exists. The inifity, like One rincon, is in the same boat with the $1 million homes…just waiting for that market to pick up.
The under $1 million NEW inventory citywide is draining fairly quickly.
And look at the milleniaum which offers little under $1 million and it’s killing them. The entire west side is dark at night, save for the rentals on the very low floors and a handful of very pricey homes at the very top.
As of two weeks ago, there were 47 available units at the Infinity…so that translates to something like 552 closed, 51 under contract, 47 available.
“The Inifity, with 30% discounts, sold mostly from their under $1 million inventory…”
Remember the Infinity raised their prices many times since opening doors. Only a small fraction of units received real “large discounts”, lower floor units stuck in between tower and mid-rise, etc. If someone has to stare at a wall all day, he should at least be able to sleep at night for getting a deal, right?
The Infinity has a unique waterfront location, which will truly start to show its advantages over other downtown projects down the line. The high floor units will simply never go on sale. Why would they? The developer has the $ to wait for the right buyers. And the high floor view units have little competition for what they offer. Prices on these units today are still much higher than when they first came out.
The ORH vs Infinity debate is over. If someone still says ORH is a better project, good for you. There are plenty of units left over as well as a whole new 2nd tower waiting just for you.
That said, I wouldn’t call the Infinity a winner either. It sold well in comparison because it’s simply a much better project. But the original goal set for the marketing/sales team was to average at $1200/psf. That’s when the big bonus kicks in. I’m sure in reality the numbers are far from that. The real winners here are those buyers who took time to choose and bought a home at the Infinity to live. This project and its location will feel better and better over time. For flippers, well, lesson is probably learned.
Want to hear something funny?
The Infinity auctioned off storage units last Wednesday: $31K for a 7 x 8 room, $12-$25k for a 7 ft x 4 ft cage.
I couldn’t believe people were paying for storage in the garage at $500+ / ft.
I joked with some of my clients I put at the Infinity that they should divide their units up and auction them off for storage.
wow. well, those infinity owners might’ve done well for their condos, but they certainly were crazy to buy those storage units if true. why don’t they just buy a studio nearby?
“why don’t they just buy a studio nearby?”
Maybe because 31k is less than a 100k down payment?
Nice photo of the tower there. Pour the SocketSite photography department a martini or three.
i can confirm paul’s statement about the storage units–i was at the auction.
The Infinity and One Rincon Hill are both located within the Rincon Hill neighborhood. SouthBeach starts at Bryant Street and goes south … the other borders besides Bryant are 2nd Street and Folsom (by Planning area at least … granted, our Rincon Hill Neighborhood Association covers up to Market Street since there are residents living on Howard and Steuart at Rincon Towers, on Mission at Millennium, all around alleys between Folsom and Mission, that abandoned Ecker project some day, and other pieces and parts north of Folsom).
The SF Realtors idea of South Beach extending of the Bay Bridge is just asinine marketing mumbo jumbo. Happy Turkey Daze!
“This means that ORH developers had less pressure to build a second tower right now and also have less pressure to sell quickly because the margins are bigger.”
Moleman, this goes against all economic theories. If your cost is lower, you’d be more likely to discount to unload inventory. Likewise, you’d be more likely not to invest further in the 2nd tower if your cost is higher and profit margin smaller.
Personally, I doubt if there was much difference in construction cost/sf. (Does anybody has definitive figures?) It’s more likely different market outlooks and over-all corporate situation/goal that made them adopt different pricing strategy. In any event, I think the comparison between The Infinity and ORH’s strategies and results would make a fascinating case study for an MBA class.
I was talking to a TS employee at a party last week can can confirm chomes numbers are right on with what I was told. As to $/sf – Just over $900 per when all is said and done and the dust settles. This pace of sales at this average price level is pretty amazing. My friend also told me there are lots of foriegn cash buyers. Some units closing within a week of going into contract.
Most storage units were about $300/sq ft. Perhaps more than one would want, but if you need storage, it is less expensive and more convient than renting at Public Storage on 2nd st. To rent 30 sq ft is $100+/month. To purchase (assumeing 6% capital cost), it is just less than half that.
I like the Infinity however I wonder how the units will do as resales. I understand an investors point of view to purchase and rent, but to live there full time the units have no closet space and kitchen storage. Even in their larger units this is the case. Does anyone else find this to be a problem?
Given that Paul isn’t forthcoming with price discovery (as is the case when it doesn’t suit his objectives) let’s check out some actual Tower 1 versus Tower 2 sales
301 Main St – #17H – 2/2 – $1,387,000 – Sold 3/2/08
338 Spear St – #25F – 2/2 – $955,000 – Sold 7/31/09. Zestimate was $1,409,000
Both units have a curved Twin Peaks view. So, that’s a 31% haircut for a unit 8 floors higher. Actual apples to apples may be closer to a 35-40% discount.
301 Main Street – #8A – 2/2 – $990,000 – Sold 4/6/08.
338 Spear Street – #9A – 2/2 – $610,000 – Sold 7/31/09. Zestimate was $1,292,000
So, one floor higher and a 38% discount. This is as apples to apples as it gets. Should I go on?
Polip – to paraphase Howard Cosell “Down goes Infinity I, Down goes Infinity I”
If you discount more than Walmart, even disfunctional floor plans will sell!
if 9a sold for $610k, i’m thinking there might’ve been other 2bd for under $600k.
I agree with tipster: “at the right price (a much lower one than had been attempted initially) everything sells”
nice data huh? – thanks
If those truly are apples (I’m assuming the square footage is the same or very similar) that is indeed bad news for Infiniti 1 owners
My take was simply that ORH looks like an absoltue ghost town, and has, as far as I know, remained far from ‘sold out’ (despite the strong early reservations in the bubblicious days). Price is rather opaque in these comlplexes, even with the intrepid work of our editor I’m still not clear as to where the chips have fallen on that front.
Perhaps they both have done ‘poorly’ but at an average of $900 psf (and in this market!), I’m pretty sure TS is doing just fine.
Lowest price sold 2/2 at Tower II is $535,000 for 1,187 sf. Mid 2009. All 1/1 are now gone and it is unlikely to find any 2/2 left at under 700k – at least not from the developer – in Tower II. Lowest 1/1 sold, I believe was below 400,000.
huh? –
why did you compare 301 Main #17H to 338 Spear #25F? For a direct apples to apples, 301 Main #25F sold at $1,100,000 on 10/01/08 – $145,000 more than the same unit in T2.
where do you guys find these prices?
Outsider,
Have you been looking at my client’s files?
Paul
Is that confirmed, only 47 units for sale? If so, that’s truly amazing. I’m sure prices were cut but we are still talking about units averaging at least in the $700k’s and over 600 units sold. These are still not cheap in my standard.
I wonder with most of the inventory gone at Infinity, will One Rincon #2 be built anytime in the next 5 years? What’s taking One Rincon so long to sell? Didn’t they sell 85% on the first day?
“What’s taking One Rincon so long to sell? Didn’t they sell 85% on the first day?”
I’ve been told 95% on the first day, yuuup.
Chomes – I didn’t have a price for #25F, so I used the closest comparison that I had. So, I guess #25F in Tower II was ONLY a 14% discount. Do you consider that a victory? Either way, #17H, a lower floor ‘curved’ 2/2 with a similar view, at a much higher price, looks hosed.
Editor – Might have to revise the above text, as the T1 #8A and T2 #9A reveal at 38% haircut … so the “up to 30%” discount would be an understatement.
This just in … discount that was greater than 38% … try 44% –
301 Main Street – #20B – 2/2 – $1,771,500 – Sold 3/9/08
338 Main Street – #19B – 2/2 – $988,000 – Sold 5/28/09. Zestimate was 1,451,500.
Granted this is one floor lower, but it’s closer to the water and a whopping 44% discount from T1 to T2. How about them apples?
Did I say 44% was the largest discount. Sorry, I have to correct myself again … try 55% discount –
301 Main Street – #6G – 2/2 – $1,182,500 – Sold 3/9/08
338 Main Street – #16G – 2/2 – $530,000 – Sold 7/30/09. Zestimate was $1,092,000
So, this apple is 10 stories higher, and sold at an unbelievable 55% discount. One can only imagine that #16G in Tower 1 sold for more that $1,182,000, so the actual discount could be 60-65%.
Editor – Time to revise the text again … so sorry for the changes.
No wonder Paul wasn’t forthcoming with this data.
“My friend also told me there are lots of foriegn cash buyers.”
Heard that one before…
Re anonymous’s comment about closet space:
My husband and I toured Infinity last spring. We were looking at the higher floor units with water views in tower 2. We were pretty excited at first. But as we thought about actually living there the closet situation really dampened our enthusiasm. At one point we were considering removing a bathroom to add a closet.
That was when reality set in and we decided the building was not for us.
The units work fine as pied a terres. But for most people really living there would require some expensive adjustments such as conversion of a room to a closet or adding walls of Italian (or Ikea!) wardrobe system or both.
I don’t see how TS can afford to just sit and wait for the higher end units to sell. The people who would buy these are the same people who “need” extra large amounts of closet.
I am constantly amazed at developers who do not take the time to study the way their potential buyers live. It’s not that hard to do.
In response to huh?’s comparisons …
6G and 16G are different units I believe. The sqaure footage and design are not the same. More importantly, the views of 6G and 16G are different. 6G faces Northwest out of the infinity. Whereas, 16G faces West into the courtyard.
But, I agree that Tower 2 units sold for significantly less than the units in Tower 1.
So all the people posting here earlier in the year saying that TS was going to have to fork over HOAs for years on unsold units, that it would force them into bankruptcy, or that they’d have to go rental on tower 2, all those people were wrong?! Shocking!
@huh?
Just because the units have the same letter designation doesn’t mean they are the same units. You can only compare them apples to apples if they are the same address and the same stack. Otherwise, it’s not really a true comparison.
I know that doesn’t fit your narrative, but that’s the way it is. T2 units were sold at a discount to T1, of course. But I don’t think your posts shed any light on the actual discounts.
“So all the people posting here earlier in the year saying that TS was going to have to fork over HOAs for years on unsold units, that it would force them into bankruptcy, or that they’d have to go rental on tower 2, all those people were wrong?! Shocking!”
Instead they just slashed prices and sold their early buyers in Tower 1 down the river. Isn’t that even worse?
@Paul: how many units did you sell to your clients in Tower 1 versus Tower 2?
Infinity resident –
I believe both #6G in Tower I and #16G in Tower 2 are curved 2/2 units. Do you have information that indicates otherwise?
However, you are right about the different views, explaining some of the price differential but it doesn’t come close to explaining an apples to apples comparison that likely reflects a 60%+ discount.
Here’s another comparison where the Tower 2 unit is unquestionably superior, as it faces the Bay Bridge –
301 Main Street – #6G – 2/2 – $1,182,500 – Sold 3/9/08
338 Spear Street – #7D – 2/2 – $735,000 – Sold 7/29/09. Zestimate was $1,365,000.
Accordingly, even a bridge facing unit, on a higher floor (a more appealing apple) reveals a 38% discount. Either way, there are several apples that were sold at more than a 30% discount, including some over 40%. Seem like a fair statement?
301 Main Street – #6G – 2/2 – $1,182,500 – Sold 3/9/08
338 Spear Street – #7D – 2/2 – $735,000 – Sold 7/29/09. Zestimate was $1,365,000.
So other than one faces the city and the other faces a wall, yes, they are good comparisons.
“But I don’t think your posts shed any light on the actual discounts.
Posted by: Mikey at November 24, 2009 12:00 PM”
Mikey – You are simply in denial. See my ‘adjustment’ to a superior apple for 6G and it still reflects a 38% discount from T1 to T2.
The following are two identical units in terms of square footage and “curved windows”, both with unobstructed views of the water and the city and thus, by definition apples. And they reveal a 44% discount –
301 Main Street – #20B – 2/2 – $1,771,500 – Sold 3/9/08
338 Main Street – #19B – 2/2 – $988,000 – Sold 5/28/09. Zestimate was 1,451,500
Any issues with that one?
I’m not in denial, prices have gone down, no-one disputes that. I just find your obsession with the Infinity interesting and a little sad.
“obsession…a little sad”
Yahoo: when they go for the ad hominem attack, you’ve won the logical argument!!!
The early buyers are toast and the only “smackdown” the infinity won was which developer blinked first!
Ok tipster, you too.
It’s just curious why people are so motivated to post obsessively about a building they have no vested interest in, either as a seller or a buyer. I guess it makes them feel like winners.
You and huh? both win! Everyone else is a sucker. Oh well, life is unfair.
If shedding light on the sales practises and dispelling the hype (with actual data) about the Infinity is sad, then so be it.
True – we all know that prices have gone down, but being able to quantify the dscount helps explain why sales are for T2 have been so brisk. The editor has posted a grandstanding piece from the Sales office about how great T2 sales have been. I’m simply trying to frame their “victory lap” into an important context.
huh? will you be attending the One Rincon Hill HOA Holiday Party? If so, can you save me a seat?
huh? 338 spear st #16g is a 1/1.
Dunno, as a Tower I resident, I think it is better that condos are sold at market rather than having lots of unsold inventory. Once the development is sold out, prices will rise.
As a resident, I’m quite happy with the location, the floor plan, even the closets. I think most of the Tower I residents are not crying in their beer. People who pay 16-30k for a 9’x4′ storage space aren’t exactly hurting for money.
As for foreign buyers, On my floor there are residents from Shanghai, France, and Iran who never seem to be here. Three other neighbors, I’ve never seen at all.
huh?,
338 Main Street – #16G – 2/2 – $530,000 – Sold 7/30/09. Zestimate was $1,092,000
16G is a 1 / 1.
Ivan T,
If so, my bad. However, I did make an alternative comparison with what I think is a more appealing apple –
301 Main Street – #6G – 2/2 – $1,182,500 – Sold 3/9/08
338 Spear Street – #7D – 2/2 – $735,000 – Sold 7/29/09. Zestimate was $1,365,000.
Last I checked, the building adjacent to the Infinity was not 7 stories high, and the building where Gordon Biersch is located looks like it’s around 4 stories. Accordingly, contrary to Mikey contention, I believe #7D should have at least a partial water and bridge view. Most would consider that superior to the low level Twin Peaks view from #6G in Tower I.
As such, a superior “curved” 2/2 unit, one floor higher at a 38% discount from T1 to T2.
BR – Do enjoy the party and have an extra cocktail for me in my absence.
That’s right, huh?. The Infinity had 65% discounts!!!! And with that, they still couldn’t beat ORH’s 95%-sold-on-the-first-day record.
Here’s a better technique borrowed from tipster, find a water facing 1/1 and another 3/2 facing a wall, and then compare them on psf basis on top of their price difference. Bam, 80% discount!!! You and tipster should meet. I see a very pleasant couple in the making.
^Um, when exactly did I do that, EBR?
I think it’s pretty clear “Huh?” has never been inside the Infinity towers or set foot in the neighborhood. My wife and I checked out an 18th floor unit and it barely cleared Hills Plaza
huh?,
In regards to D7D, you have to be on 11th floor and above in the D stack of Tower 2 to clear the data center wall to the south.
To the east you are obstucted by the tower in Hills Plaza (not that bad to look at), although you see parts of the top of the bridge.
In general your comment that the price on 7/29/09
is lower than 3/9/08 is true.
Maybe check the facts before posting.
SOMA resident – Hills Plaza ‘tower’ may obstruct the view of the Bay bridge from the 18th floor of Tower 1. Tower 2 is the building next to it, and it is #7D in Tower 2 that is the one referenced in my comparison. Hills Plaza’s ‘tower’ does not interfere with the view of the Bay Bridge from Tower 2. Do try to pay attention.
Hey, whatever happened to Recent ORH buyer?
“Hey, whatever happened to Recent ORH buyer?”
By following this thread and others related to Infinity vs One Rincon, Recent ORH Buyer is now known as huh?
There is a lot of garbage floating around on this thread. Some facts, but a lot of apples and oranges comparison. Lets be clear though. T1 buyers pre Sept08 got hosed. Badly. Not jut because of the market, but likely beceause the developer intentionally set their prices high to leave room to lower it (30%+). They undercut the market more than they needed to. And the sales center likely fueled the flames of “hurry up and buy” with false data. If the developer ever expects to build across the street, do you think anyone will buy pre-construction based on the way they treated their early buyers? here is a link to part with:
Look at the first video:
http://www.pulsefactors.com/pages/video/videos.php?section=Pricing%20and%20Values
Just to jump in late to this discussion, back to huh?’s post about 301 Main #8A and 338 Spear #9A (I represented this client) are probably not exactly apples-to-apples as I believe the view from 8A in T1 is better than the view outside 9A in T2 because you look out over the A-building’s roof which is why we were able to achieve such a good price for this 2/2+den! Not exactly apples-to-apples either… However, huh’s point is clear …
In regards to the storage cage auction, the sales went anywhere from just over $200/sf to just over $600/sf. Is this so unreasonable?
Compared to what other storage cages sold for in other new developments when they were sold new (albeit back in the crazy days), cages sold for around $70-100/cf. cf is cubic foot which is really the most appropriate measure for a storage cage. For the 7×8 “storage room” which I estimate to have 9 foot ceilings, that’s just over $60/cf which doesn’t seem too outrageous to me for a full room and one of the only rooms available plus it was on B1 – the highest parking floor available.
For the lowest priced cage, $1300 for a 6 square foot or 54 cubic foot cage assuming 9 foot ceilings = $24/cf – seems pretty inexpensive.
FYI, there are 53 more cages to auction – happening Dec 6th!
Mark,
I don’t think it’s the best decision from a financial stand point. Consider:
1) The purchase price of D4E or C2B on a price per square foot basis. Storage should be south of these numbers.
2) You can rent the equivalent of the $31,111 storage unit for $100 / month from Public Storage. Or you recover your capital in 310 months. A prudent investment should be able to recover the capital in 36 – 60 months.
3) My clients who paid $1300 got the deal of the auction. However it is a 1 x 6 foot deep closet. On an absolute basis, anything less than $2500, seems like it would be a nominal fee for the convenience of storage from your car (no matter how small).
4) Data past 3 months is moot. Does it really matter if someone paid $100 /share for Google stock or $700 / share, as to the value today?
From a none financial standpoint it may be worth it to you on a case by case basis (i.e. surfboard storage, golf clubs, or just want to play my drums in B5 parking level.).
Paul
^ Oh, the irony.
There’s no irony diemos. Due to contractual and fiduciary repsonibilities I have had to keep my mouth shout on purchase prices while some posters churn out made up facts and invent ridiculous and untrue motives and stories. No change here, I am the same as I always have been and I have been consistent in the advice I have given out to my clients. If you ever bump into one, just ask.
I agree diemos, what an intriguing debate. I’ll stop there. LOL.
I was talking about the irony of your valuation model for storage units. Comparing capital outlay versus cost to rent a similar unit? Discussing payback times? Pointing out that previous prices have no bearing on today’s value?
What have you done with the real Paul Hwang? I would have expected to hear:
Storage Units only go up!
You need to buy now before you’re priced out forever!
They’re not making any more storage units!
And look at the finishes in this storage unit!
You don’t get pride of ownership when you rent a storage unit and you can’t paint the walls!
Well, the irony is I never said or posted any of the things you are describing and are exactly one of the fabriacted and untrue statements I described in my previous post.
I think I tried to alert the Socketsite community way back in February or March (can’t remember now)that there were some great deals happening at the Infinity, something like; “Hot! Hot! Hot!”.
Maybe this was not communicated very well on my part, I only meant they were moving a lot of units and I personally was doing a lot of transactions at the time. Because I am not allowed to describe pricing, I never did. I thought the Socketsite community was smart enough to infer that a lot of movement in a bad market equals great deals. Some peopele were and they did get wonderful deals such as my clients in D4E. I am very happy for them, because they are very nice people who thought they could not otherwise afford the Infinity.
I recommend “no” on deals far more than “yes”.
C’mon you guys, Paul is right. Look at this one of his posts:
Infinity is HOT, HOT, HOT! Now that the T1 buyers have all closed, Tishman has sold them all down the river and dropped prices by up to 44% to reflect the broader market, which is dropping like a rock!
Remember my slogan (for this week): when all your neighbors have defaulted, it’s lonely at the top!
Posted by: Paul Hwang at April 1, 2009 5:06 PM
“I never said or posted any of the things you are describing”
then I must have you confused with some other realtor.
OT, that 56th floor ORH 2/2 you’ve got for rent is quite sweet. Thanks for all the high res pictures and the floor plan. I wish more people would post a floor plan with their listings.
Ridiculous Tipster; it’s almost funny.
I think you woke up too early on Black Friday and are still recovoring.
@ Paul:
“I do not believe there are any units from the developer for sale in the A, B, or C buildings.”
At least two tree top units left.
Michael,
Which ones? That would be interesting to know. Why wouldn’t they want everyone to know they were for sale?
Paul
“Polip – did you grow into a tumor? ”
CLASSIC 😛
Infinity is doing fine. Give it a rest, it’s clearly a good project.