Quote:
Originally Posted by SouthOfTheBorder
TV is a commercial developer that (smartly) builds/sells homes to create and attract commercial development.
Selling residential is a one time income producer. Leasing commercial space provides a long term revenue stream.
And they are one of the most successful commercial developers in the country. 
It would be great to have an indoor, multi-sport, cart accessible complex in TV 
Don |
You have it exactly backwards. TV developers make the lion's share of their profits by building and selling homes. Multiply 60,000 plus homes at average sales price of $250-300K, then multiply that sales volume with profit per sale of 20-30%. The value of commercial leases they have in the town squares is a very small fraction of their profit from new home sales.
No, TV is not one of the most successful
commercial developers in the country. They are small fry at this. They are however, one of the most successful
residential developers in the country. That is their business.
If a new bowling alley is such a sure commercial success in South Villages as many here assert, raise the $2 million or more and do it yourself. I wouldn't hold my breath for the Morse's to do it