Palmer Hill condo's revisited
Earlier there was a discussion of this project and I admitted that I knew nothing of the builder's finances but did note that it was the largest project he'd attempted, a yellow light, in my view. This reader's experience would seem to justify that caution:

I bought pre-construction and pulled out when told that the condos and townhouses that are completed would be delayed over 10-12 months for what they are calling re-design. They are pushing dirt away slowly construction to a crawl to prevent over supply. They had 40+ people committed in early 2008 and that number dropped to 20ish or so once they annouced the delay. They builders hold a 20 year option to finish phase 1, 2 and 3. they can stop construction at anytime. Alot of early investors pulled out after they started offering options as incentives.

So, porceed slowly and carefully, is my advice.