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Reply to "New Palace in Forest Hills!"
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[quote=Anonymous][quote=Anonymous]Is it normal for a home meant an ambassador residence to just go on the market like this? Wouldn't there be a specific plan for who would own it before it is built?[/quote] No. The builders clearly had someone fronting the cash for the construction. This was easily $5m in construction costs. The land acquisition was $1.7m. No one builds a place like this on spec. It was a special order for a special client....but it appears that client has now pulled out of the deal. I think everyone involved with this project is just hoping to break even. [/quote]
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