Discuss Detroit Archives - Beginning January 2007 Are the Harborlight & Eddystone projects still ago? Previous Next
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Dan
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Username: Dan

Post Number: 1341
Registered: 10-2003
Posted on Monday, January 15, 2007 - 11:35 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

I heard a rumor that the financing for the Eddystone & Harborlight has fallen through; does anyone know anything about this?

They are huge projects; it would be a real shame if they fell through.
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Rsa
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Username: Rsa

Post Number: 992
Registered: 10-2003
Posted on Monday, January 15, 2007 - 2:17 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

talked to an owner's rep about those projects at the beginning of november. it's the same owner/developer as the carlton building. she (owner's rep) told me that the carlton condos are selling a little slower than expected, so those projects have been delayed until the market picks up a bit. they were still on at that point.

the eddystone might be renovated into apartments first, then converted to condos in five years (to utilize historical tax credits). [this would be a change from the original plan.]

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