Quote:
Originally Posted by topfiverecords
All of the individual unit owners are taking the hit. There must be monthly utility/maintenance fees like a condo fee.
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Well they should have leases that would have fixed payments, that should limit their losses.
But since there are 500 stalls and only 120 are rented, I’d say the owners of the project are bleeding money. They can’t even raise rent on new leases, who would pay it?
I figure there are several companies watching with interest for the inevitable demise of this failure if a mall and will scoop it up when it goes belly up.