posted by Joe Polk at 9:45 PM /
Tough times in the financial market have made an impact on a proposed high-end condominium project in Mt. Lebanon, said developers. Zamagias Properties was granted a 12-month extension on its construction deadline by municipal commissioners last week, citing poor sales prospects.
"Until there is a market that is there for us, we're going to hold off," said Michael Heins, Zamagias chief financial office and Washington Park project manager. "There's not much we can do right now, other than let time take its course and let people get comfortable again [with the real estate market]."
Link: www.post-gazette.com/pg/08283/918472-55.stm
"Until there is a market that is there for us, we're going to hold off," said Michael Heins, Zamagias chief financial office and Washington Park project manager. "There's not much we can do right now, other than let time take its course and let people get comfortable again [with the real estate market]."
Link: www.post-gazette.com/pg/08283/918472-55.stm
Labels: commission, washington park, zamagias properties
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