Jul
27

Condo Sales Slow, But Developers Are Patient

By
– Greenville News

For some developers, trying to sell 22 new condominiums in the current economic environment might be scary.

But J. Russ Davis Jr., developer of the residential spaces at McBee Station, said he is prepared to weather a recession that has slowed the Upstate residential market.

His 22 units atop McBee Station’s retail buildings were completed in January. They became available in March. None have sold yet, though financing is being arranged for four to five potential buyers.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.greenvilleonline.com/article/20090725/BUSINESS/907250304/1004/NEWS01/Condo-sales-slow–but-developers-patient
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