Thanks RightSide for the link. I was looking for something like this. I read about the large number of downtown condos under construction or proposed. But, I’ve never seen the numbers broken out.
After taking the arduous task of reviewing each project (I must have too much time on my hands), I counted 6314 units proposed and 3676 under construction. The hotel and rental projects are not included in the numbers.
Of the proposed units, 1831 are scheduled to begin construction during the first half of 2006. Depending on when lenders tighten the noose on builders, I’d say those units have a fair chance of getting built. I would disregard the 3932 units that don’t even have a scheduled groundbreaking.
So, the project list is not as overwhelming as it first appears. Still, I do see enough units coming online to cause headaches for downtown folks.
