What's so wrong with smaller guys coming out with a certain product at certain price point that attracts enough buyers? Besides, big guys like Tridel have pulled projects (eg. The Huntington)
I'm not implying there's anything wrong with what Urbancorp is doing, I was simply saying that I was suprised (in a good way) that Urbancorp given their company size, was able to pull their project through in these hard times ... that's all
True. Sorry, I misunderstood your tone, which I fully blame on the internet's lack of ability to properly convey one's sentiments. There was a certain point in time in the fall where it didn't matter who or how big the company was, if you had the construction financing in place you were good, if you didn't you were screwed. Some exceptions apply.
Perhaps it's me who's out of the loop, but I don't think 48 was ever in danger since the second phase was to go to the west of the building now under construction.