So, I see they're already marketing these units
with a dedicated website. Let's say they get a trickle of buyers to commit this spring/summer, such that closings take place this summer/fall.
A traditional 30-yr-mortgage takes you out to
mid-2052. At which point, conditions in the Seaport will at best be much, much soggier,
and at worst...
So you're talking about a whole building filled with literal stranded assets by then, sadly, if *business as usual* continues.
Point being: how are the banks factoring that in these days, in terms of risk-modeling/catastrophe insurance, etc., as it relates to writing a 30-yr-mortgage at *ground zero*?
Or, maybe that's not an issue at this property so much because overwhelmingly the clientele will be all-cash-buyers, no mortgages--the proverbial petrostate oligarchs
who have embraced our urban residential market with such zest and gusto?
merely curious, and not trying to be a doom-and-gloomer--but the waters will rise.