If the slowing economy is stifling the sale of luxury condos on Nantucket, then I can't imagine how things look for the city of Newburyport.
Monday, October 27, 2008
ACK!
Here's an interesting article from the Nantucket Inquirer & Mirror. It suggests that construction work is slowing down at a couple one of New England Development properties. The project manager denies there's a slowdown.
If the slowing economy is stifling the sale of luxury condos on Nantucket, then I can't imagine how things look for the city of Newburyport.
If the slowing economy is stifling the sale of luxury condos on Nantucket, then I can't imagine how things look for the city of Newburyport.
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2 comments:
finally, some good news!
Like I've said before, don't expect ground to be broken on "Waterfront West" until 2010 at the earliest. Karp will be spending 2009 trying to stop the bleeding, which is going to be fast and furious. Malls are going to have very high vacancy rates as more retailers will file for bankruptcy or scale back. Credit is tight, consumers are not spending, and retailers are going to suffer through this deleveraging processs. Brace yourselves for one of the worst, if not worst, Holiday shopping season ever.
On a positive note, the sales are going to be fabulous!
On a positive note,
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