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Kimpton Hotel in the West End


gman430

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  • 3 weeks later...
49 minutes ago, gman430 said:

Welp…so much for November. Another lie by another developer. Why does Charlotte not have this problem? :dontknow: 

I have no doubt that Charlotte has this problem, too. Permitting in Charlotte absolutely pushes schedules out for developers. You just don't see it and track it like you do for Greenville. 

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Horses mouth (Collins & Fine) says this project has been delayed and won’t start construction until 2023. Delay after delay after delay. Maybe it will get built by 2030. The only good news is that it’s not dead…at least not yet. 

Edited by gman430
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  • 4 weeks later...
1 hour ago, gman430 said:

January and still nothing. It’s just sad. I expect the site to go up for sale soon.

I wish for you a resolution in 2023 to have a jar at least half full. It's a beautiful thing to be positive. 

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  • 2 weeks later...

I am afraid many projects will be canceled or delayed for the same reason. Who would want to build anything in this uncertain market?  “Boutique hotel poised for Greenville’s West End delayed, citing unstable building costs.” https://www.postandcourier.com/greenville/business/boutique-hotel-poised-for-greenvilles-west-end-delayed-citing-unstable-building-costs/article_7cbf5f88-976e-11ed-81ee-ff966fbb7629.html

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Glad to see it’s still moving forward and construction costs are finally getting under control. 

And who you ask? The Beach Company apparently and everybody else that went to the DRB last month for project approval. 
 

 

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9 hours ago, gman said:

I am afraid many projects will be canceled or delayed for the same reason. Who would want to build anything in this uncertain market?  “Boutique hotel poised for Greenville’s West End delayed, citing unstable building costs.” https://www.postandcourier.com/greenville/business/boutique-hotel-poised-for-greenvilles-west-end-delayed-citing-unstable-building-costs/article_7cbf5f88-976e-11ed-81ee-ff966fbb7629.html

I hate to hear it but having some projects get delayed or even canceled is bound to happen.  

Given the crazy inflation over the past couple of years, the rising cost of borrowing money, possible recession looming,  and the sheer number of projects in DT, we could see more of this. 

 

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