A group of real estate investors bought the property. They planned to build condo's but when the real estate market started to go south they stopped any plans. Now it's just a vacant area, the same as last summer.
BJ'S SOUTH
Tue, 05/05/2009 - 23:43
#1
Wed, 05/06/2009 - 06:50
#2
mink66 wrote:
A group of real estate investors bought the property. They planned to build condo's but when the real estate market started to go south they stopped any plans. Now it's just a vacant area, the same as last summer.
Thanks, that's what I thought. It amazes me that they bought it abput 5 years ago and paid the financing on it for so long, someone has some deep pockets. Can you imagine what the cost is to carry that prpoerty each month for so many years....
Wed, 05/06/2009 - 06:50
#3
mink66 wrote:
A group of real estate investors bought the property. They planned to build condo's but when the real estate market started to go south they stopped any plans. Now it's just a vacant area, the same as last summer.
Thanks, that's what I thought. It amazes me that they bought it abput 5 years ago and paid the financing on it for so long, someone has some deep pockets. Can you imagine what the cost is to carry that prpoerty each month for so many years....
Wed, 05/06/2009 - 07:16
#5
Quote:
Thanks, that's what I thought. It amazes me that they bought it abput 5 years ago and paid the financing on it for so long, someone has some deep pockets. Can you imagine what the cost is to carry that prpoerty each month for so many years....
A lot less than it would cost to carry vacant condos.
Wed, 05/06/2009 - 07:32
#7
Does anyone know who purchased BJ's South and tore it down. What are the plans with the property? Has anything changed on the property since last summer?