Saturday, January 7, 2006

Another One Bites the Dust - ICON RIP

The Related Cos. officially pulled the plug Friday on Icon a high rise luxury condo project on Convention Center Drive.

Related insists that its $3.5 billion Las Ramblas project on Harmon Avenue is still proceeding and that developers are negotiating with major hotel partners. The sales staff for Icon has been let go and deposits are being refunded, though some buyers are being steered from Icon to Las Ramblas.

Related recently pulled out of the Union Park project that Mayor Goodman is promoting.

Las Ramblas also has had rumblings over the last week as no making the cut.

There are also other high rise projects that have delayed breaking grown and financing is currently under wraps.

Stay tuned...


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