Multi Capital Group is delaying construction on their two-tower development right across from the Westin known as Pagoda and Heron towers.
The plan was to build 400 condos, a 200-room hotel and 312,000 square feet of commercial space (office and retail) but due the current market/economic conditions and the lack of financing for the project, they have decided to postpone.
For how long? Alex Carlin, the senior project manager says We’re still trying to decide when is the best time to move forward, with the prediction that in 2011/2012 there will be a shortage of condos in the downtown area. Click here to read more!