Napa is undergoing a building boom unlike any it has ever seen. Of course all these project were started before the downturn in the economy. Shown here is The Riverfront, a $50 million multi use complex on the River. The complex will have 50 condominiums (priced at "the high $600,000's to $1.675 million"). The ground floor will be restaurants and commercial / office space with a parking garage below. When the 1st phase of condos went on sale several months ago, 10 units were sold in one night. When the 2nd phase went up for sale a few weeks ago... none were sold.
1 comment:
Wow, a prime example alright of the best and worst of timing.
No doubt there are numerous situations like that around the country.
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