Developer says market drove unit-mix changes, cites larger units selling
The project owner told commissioners that market demand for larger units and financing constraints led to changing the mix from more two-bedrooms to more three-bedrooms and adding a 7th floor; commissioners asked staff for local sales data to verify claims.
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Developer and owner Nikhil Guerra told the joint commissions the principal reason for the amendment is market demand: larger units are selling now while smaller units remain slow, especially given current mortgage rates. "Larger sized units are what are selling today," Guerra said, describing buyers as "move down buyers" who expect more spacious layouts.
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