We're covering the downtown mixed-use condo scene in this Sunday's Chapel Hill News.
We have more answers on the troubled Greenbridge towers and what led to its foreclosure proceedings.
What were the terms of Greenbridge's loan? What happned with the bank's financing? How many prospective owners backed out of their contracts?
We also take a look at the financing behind RAM's140 West Franklin condo project currently under construction and the town's multi-million dollar parking deck that will be situated below it.
Next Wednesday, we take a look at the town's affordable housing policy and its role in new downtown development.
Did the affordable housing units enable Greenbridge to get financing prematurely? Is the town responsible for that? Are developers using the affordable housing mandate as a bargaining chip with the council and lenders? How will Greenbridge's unsold units affect the homeowner fees for the affordable units in Greenbridge? Are affordable condos bringing more families downtown?
Greenbridge's first foreclosure hearing is scheduled for next Tuesday, check newsobserver.com for more coverage.