posted by Joe Polk at 5:21 PM /
Developers of the Washington Park condominium project in Mt. Lebanon got the extra time they were looking for Sept. 22, as the municipality's commission voted unanimously to approve a 12-month extension to submit a land development plan.
In an Aug. 27 letter to the commissioners from Zamagias Properties, CFO and Washington Park project manager Michael Heins requested an 18-month extension, citing the "continued turmoil in the financial markets affecting housing" as the reason the project has not progressed further.
Link: www.thealmanac.net/ALM/Story/09-24-ML-Commission
In an Aug. 27 letter to the commissioners from Zamagias Properties, CFO and Washington Park project manager Michael Heins requested an 18-month extension, citing the "continued turmoil in the financial markets affecting housing" as the reason the project has not progressed further.
Link: www.thealmanac.net/ALM/Story/09-24-ML-Commission
Labels: commission, washington park
1 Comments:
Earlier - When Zamagias and Howard Hanna Realty broke up - I wrote: If Howard Hanna can't sell your snow cones - no one can. No disrespect to Coldwell Banker (another A Player in the field) just a dose of reality.
When I looked in July, there were about 40 units out of 46 listed for sale on the Coldwell Banker "Pittsburghmoves.com" site. Average price was just over $600,000. Now a search on the site returns only one unit listed for sale???
The original proposal – the one with all the pretty pictures that so impressed our decision makers -- called for a Certificate of Occupancy for the project to be issued 12-01-07. It looks like the best that could be now is 12-01-10.
The Municipality is still drunk on its own Kool Aid - thinking this project will go.
Post a Comment
<< Home