It’s a tough time to be a residential
developer, as The Real Deal explores
in a series of stories. Projects
are taking longer to sell out, placing
developers in a bind as lenders
typically won’t let them lower prices.
And as units sit, developers find
themselves with additional costs.
Some developers are choosing to
go with Plan B and switch from
condos to rentals, but even that is
far from a safe bet these days.
Developers in a bind over prices
