Not sure how Tony is going to pull off the Signature Tower when he can't seem to even give away units in his Encore project. The sales prices there have been dropping since last fall but even with the big cuts he's only managed to sell aobut 10 units so far this year. And I've seen 4 or 5 deeds come through at close to $200 bucks a foot. With still over a 100 units left to sell I think they will have to continue cutting. Not sure why they keep advertising they are 80% sold.
Here is a recent article that was in the business journal about price cuts and the huge buildup in inventory:
http://nashville.bizjournals.com/nashville.../20/story1.html
