http://jamiesquared.livejournal.com/ (
jamiesquared.livejournal.com) wrote in
davis_square2008-07-02 08:33 am
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I tried to find out more information about what is going on with the building where Wicked Good Coffee was next door to the Chinese Restaurant that had the fire. Apparently it has been marked as unsafe for awhile now. There is a development company working there currently gutting it out. I found them online http://www.thornburygroup.com/ and it appears they specialize in luxury condos/condos/construction. Do you guys think they are building condos over there (we dont need them)? I sent an email to the company but I havent heard back.
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Unless there is a huge vacancy problem with the existing condo buildings, I don't see a problem. I am inclined to believe there is some demand for them based on the number they are building.
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However, your correspondent is also wrong about nobody living there. At least a few of those condos have, in fact, been sold. That said I wouldn't be investing in that developer any time soon.
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I wasnt clear enough. Yes, a couple have been sold but primarily not. They have been sitting on the market for at least 6+ months.
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