SammyL

The guy who died was the owner of Euro American Advisors, the developer of 55 West. That much I know for sure. They now got a couple of sleezeballs running their corporate head office somewhere over in Europe, mainly working their own personal agenda so it's anybody's guess as to what 'll happen. Yeah, heard some serious rumours too about financial troubles but not sure exactly what they consist of. I'm positive both the investors and condo owners would love to know the score! Apparently everyone is being kept in the dark. Anybody knows something more about this since the last posting on this a few weeks ago??

Any more pics available? Tim3167, are you in the neighborhood any time soon? I am really curious to see how much they have progressed in close to a month! Thanks!

Thanks, bulldogger! Much appreciated! How many floors are up now? OrlandoNative1887 mentioned they were working on floors 2 & 3 around Sept. 15.

How's the work progressing? Any news / updates for an out-of-towner with an interest in 55 West? Thanks!

I second that!

Yep, it took a long time coming but, it sure looks like it is going to happen for real now. Any update pics available? I heard they were pouring concrete for the elevator shafts now?

Too bad! We need PROGRESS with this one ........

Did anything new happen over the past 2 weeks?

Good things come to those who wait. Didn't you know that??? 55 West is the perfect example; it takes some time but once it goes vertical, let alone once it's up ....... HELLO!

Thanks, Tim3167! Much appreciated!

Anybody get a chance to make some shots of the demo site? I am not a native of Orlando so any visual update on this forum is appreciated!

As far as I understand it, they are fully in the clear as far as complying with everything the City threw at them. All changes have been approved and it is still a GO!!

You have paid a non-refundable deposit after the recision period which means you cannot get out of the contract anymore. At least, not without any financial 'damage'. Surely that is not just a one-way street? You enter into a contract with the developer, you pay a non-ref deposit and he can default without any compensation to the buyer??? No, I don't think so.

Looks like some serious demo is going on! FINALLY!!!

Ahhh, that dreaded rumour mill is busy once again ...... I have heard talk that the City intends to terminate the Incentive Agreement. Shortly after this little 'bomb' I have heard that there is no talk whatsoever of this intended termination of the agreement. Does anyone here care to share info on this? This contradictory information, to say the least.

Any word on when they are scheduled to really start with the demo and when construction is supposed to begin?

Vivid imagination! But I prefer to imagine that tower going up!

So do I. Steve? Anything you can tell us?

Jack, that is quite a statement. I am sure that if that were indeed the case, this whole discussion would not be taking place simply because the developer would have made sure the demo is finished on time. Sounds to me like you are stirring things up a bit. Perhaps Tim3167 can shed some light on this? He seems to have some pretty solid connections.

Where do you guys get your information???? You seem to be well connected to have all this info. Any link to the developer??

Where did you hear that? That is good news! Can't wait to see them go vertical.

As far as I understand, there will be no additional floors but part of the office condo space will be traded in to allow more units.

I am not sure what to think of this. Question to the contract holders: don't these people (i.e. the developer) keep you updated on the progress (or lack thereof), at least periodically? It would seem to me that you all have a vested interest and would welcome being 'in the loop' of 'your' building. I am sorry I missed you at the Loft Affair, UPSDAN! I thought it was pretty well put together but yes, very much geared towards brokers instead of individual buyers. What would it take for the 55 West developer to put everyone's mind at ease (beside the obvious answer: building it) and to show that it really is commited to move forward? Did they not have some sort of Groundbreaking and dinner gig a couple of months ago? It would seem to me (a layman) they would not go through all of those expenses just to throw up a smoke curtain. Thoughts, anyone?