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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Mike Johnston who wrote (34908)7/6/2005 1:28:33 AM
From: CalculatedRiskRead Replies (4) of 306849
 
Home Sweet Office Tower
nytimes.com

DALLAS - The condo and apartment conversion craze has hit a wall here - a sleek corporate wall of smoked glass and cheap steel girding.

It was bound to happen. Across the country, buildings with character - old garment factories, warehouses, Art Deco skyscrapers and Beaux-Arts firehouses - are being revived as condominiums and loft apartments as cities try to draw residents back to their core. But with that historic stock depleting, developers are now turning to uglier candidates for condo makeover: moribund office towers.

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Unreal ....
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