The Neil P. is For Sale...Does This Reflect on Downtown Fort Worth's Market?
By Chris Faulkner
(Coldwell Banker Residential Brokerage)
Recent news that the developers of the Neil P. Anderson building on Burnett Park will be selling out the remaining 43 of 57 condos as a packaged commercial deal did not come as a shock. While the downtown real estate market remains in-tact, the Neil P had some challenges that were not addressed early enough in many people's opinion. I share the opinion of Kevin Buchanan of http://www.fortworthology.com/ regarding the Neil P:"Naturally, hints are dropped about in [Sandra Baker's Star Telegram] article about the downtown housing market slowing, which is completely untrue, if you ask me. Downtown housing isn't slowing. The failure of the Neil P. isn't a symptom of anything more than a failed development. High prices, high HOA dues, and awkward parking arrangements are what did the Neil P....
Comments
3