Don Peebles's Affirmation Tower.....? (hotel, estate, financing)

[scatman]

https://www.blackenterprise.com/prop...ack-americans/

I am all for Black development. And I'm a big fan of Don Peebles. And any other time, would be all for the first Black-owned skyscraper. However, in a post-pandemic world, where work, long-term, is shifting remote, and retail and many other businesses are online, the concern is about this building being mostly empty, outside the hotel space......!

[citylove101]

The best—or luckiest—developers manage to start a project when the market is weak and finish it at or near the top of the market. Easier said than done because financing (public or private) is harder to come by in down markets. So it’s a big bet on the future recovery of the city. We’ll see.