Signature Tower

[Duke32]

With the cost of construction materials starting to fall and interest rates holding steady I am convinced.

Actually prices are about to go back up again.

[cheeriokid61]

Gaushell, is Tony still planning on starting sales this month?

[Jeeper12]

The buzz at my office is that it's 100% happening.

Wow, 100%?? I hope your firm isn't depending too heavily on that to happen. Most of the larger local subs I've talked to haven't even been willing to price it deeming it too much work for too little chance of happening. This project will be driven by costs, sales and financing. Contrary to Nashville Bound's post costs are most certainly not going down and sales seem to have been tepid at best. Novare typically kicks off with reservations 3-4 times its number of units and only actually sells between 50 and 80% of its units when contracts start. Trump sees a similar pattern on its projects. Adelecia had 400 reservations and remains only 65-75% sold. Considering that kind of reservation attrition I don't see how Tony hits a 50% presale requirement in time to start before late summer of 2007, if he starts at all.

[cheeriokid61]

And still, only 124 units are reserved, not including floors 64 to 70.

[Guest]

I just know what I read and all indications are that construction material prices have leveled off and are forcasted to decrease in the short to mid-term as the housing industry cools off.

As for reservations to contracts I guess we will all wait and see...I think they are scheduled to convert soon.

[Plasticman]

Guys, do you really believe the city will let this thing get shelved? There has been far, far too much fanfare and worldwide publicity. I believe they'll build it even if the city has to help fund it.

[eastsider]

^Wow, the city funding million dollar homes, I'm sure that would go over well.

[Dale]

Looks like the naysayers have come out the woodwork.

[Plasticman]

^Wow, the city funding million dollar homes, I'm sure that would go over well.

I was taking it to an extreme. My point is the city will offer incentives or whatever it needs to in order to prevent having a whole bunch of egg on its face.

[NewTowner]

I was taking it to an extreme. My point is the city will offer incentives or whatever it needs to in order to prevent having a whole bunch of egg on its face.

I don't think a Signature collapse will amount to egg on anybody's face but Mr. Giarratana's.

[erdogs]

This tower will be built if they reduce the height. The market is slowing to near average levels. Maybe they can add in office space to fill the void of condos not sold. It would be a shame if this is not built to the height planed. I would love to drive through Nashville in a few years and see it in all at's glory.

THE SOUTH SHALL RISE AGAIN! I hope.

[Dale]

Wow! After months of jubilation ... now cascading negativism.

What happened the last few days to turn this thread so funereal ?

[Skyscrapergeek]

I think human nature happened.

[chris holman]

The floor plan on the Signature Tower web site has been updated again and its very detailed. A restaurant included.

Tony needs to stop this, doesn't he know that according to everyone outside of Nashville that his tower wont get built......

[it's just dave]

Hmmmm, I just got an invitation to a special preview of Signature Tower. Lunch will be provided. Nashville City Club. 20th floor, SunTrust Building. October 9th.

Will I miss this? No. Will I geek out? Gosh, I hope not.

Oh dear. What to wear, what to wear....?

Lady Celeste, if you're out there anywhere...HELP!

[chris holman]

Hmmmm, I just got an invitation to a special preview of Signature Tower. Lunch will be provided. Nashville City Club. 20th floor, SunTrust Building. October 9th.

Will I miss this? No. Will I geek out? Gosh, I hope not.

Oh dear. What to wear, what to wear....?

Lady Celeste, if you're out there anywhere...HELP!

You beat me to this one Dave, I was just about to ask if anyone else received a invitation for a special preview for Signature Tower in the mail because I received one the other day.

I might take off from work for this one.

[it's just dave]

Is this a UP table in the works? Hope so.

[Guest]

I got the invite. If I can make it I will PM you guys. Go Tony....

Who said there is no free lunch

Also Dave I saw your other commentary

[barakat]

Is a full-service grocery still planned for Signature?

[chris holman]

Is this a UP table in the works? Hope so.

Maybe so, he does know we discuss this tower on the daily, And knows most of us are behind him 150% on his Dream to build this beautiful tower.

[cheeriokid61]

The floor plan on the Signature Tower web site has been updated again and its very detailed. A restaurant included.

Tony needs to stop this, doesn't he know that according to everyone outside of Nashville that his tower wont get built......

Yeah, I saw this. It looks like the restaurant is two stories. Either this is a huge restaurant, or else there will be more shops.

[Plasticman]

The floor plan on the Signature Tower web site has been updated again and its very detailed. A restaurant included.

Tony needs to stop this, doesn't he know that according to everyone outside of Nashville that his tower wont get built......

Not everyone. I'm of the belief it will be built unless someone "who actually knows" says otherwise. My previous statements were just my own belief that more than Tony will have egg if this thing doesn't fly.

[chris holman]

Not everyone. I'm of the belief it will be built unless someone "who actually knows" says otherwise. My previous statements were just my own belief that more than Tony will have egg if this thing doesn't fly.

I'm wondering how much money has been spent on media coverage, news articles, advertisement , gatherings and promotions already? There supposed to be some TV commercials about the tower coming out pretty soon on our local stations maybe other cities depending on how far he's trying to reach, I don't know that for sure. All I know none of this is cheap.

[Jeeper12]

Hmmmm, I just got an invitation to a special preview of Signature Tower. Lunch will be provided. Nashville City Club. 20th floor, SunTrust Building. October 9th.

Isn't this like the 3rd ir 4th luncheon in the last year to unveil the project ?

[cheeriokid61]

This will probably show more details of the interior. And yeah, they definately have had a lot of these. I guess they really want these people to buy a unit.