Based on my ongoing analysis of the downtown market it appears that Icon will be the first of the many new condo towers under construction to be completed and start closing escrows in early 2007.
Icon's tallest building is 24 stories and will house 327 condos.
They are advertising several units in the MLS with somewhat high prices, certainly not bargains. Typically this means there are a number of unsold, non-MLS listed units as the developers rarely expose their entire inventory, especially it if it relatively high.
I would like to understand how "sticky" the escrows are for this project. If early phase pricing is fairly high we may see a high cancellation rate.
Does anyone know what the early phase pricing was like on this project?
Does anyone know how many unsold units this project has?