​​Big Pullback In SouthPark On 700+ Apartments

Industry, Industry News,

Big pullback in SouthPark on 700+ apartments underscores worries about declining rents after two years of work to win approval of a big and controversial plan for more than 700 apartments in SouthPark, the developer of the project is now saying the deal won’t go forward.

And part of the blame for the deal’s collapse goes to concerns about future rents, one of several emerging challenges to developing commercial property in an uncertain economy.

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