- Feb 4, 2012
- Reaction score
We're all speculating, of course... but is it fair to assume that the presumed poor financial performance of this project has more to do with the early delays, than it does with the architectural flourishes?I'm sure he's getting some sort of return here, but yea, probably not a great one. I'm not sure that's ever been his aim though.
The nature of development has always been that some projects make money head over heels and some don't, that's just the way it is. (Projects like King Toronto are plowing in the cash, while 159SW is probably losing money for Alterra, etc.).
Normally this isn't a big deal as most developers can handle a poorly performing project, but this project is such a leap up for Mizrahi from what he has otherwise been doing, it may be challenging.