Another thought line.
What is the difference in luxury apartments (recently added to TV) and the mass of assisted living units added to and around TV?
As the boomer generation begins to age (now the early boomers in mid 70's) the consideration of luxury apartment/condo living is becoming a way of avoiding the necessary up keep of a free standing home or villa for many.
Also consider...if what you deplict is the developer's plan....why haven't they begun with other large areas like the compound, the stables north of the polo grounds, etc?
If as you say, the building of repeatable & dependable capital flow is their plan, why invest south of SR44, where the profitable return is many years away?
However, there are always negative thinkers that figure the glass is half empty.
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