Friday, September 05, 2008


On second thought ...
A builder (I'm pretty sure it was a builder) paid $2.840 million for a building lot on 3 Quintard Ave (Old Greenwich) in July of this year. Today he's put it back on the market for $900K more. I understand why he might not want to proceed with a building project at this time but I'm at a loss to explain why the land is worth so much more now than it was six weeks ago. With that kind of creativity, you'd think this guy could have made a go of this project regardless of market conditions.

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