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The units — at Fifteen Twenty-One, the Four Seasonse Private Residences, Olive 8, Bellevue Towera and Washington SquareTowers — represent the majorityg of large condos that have opened here in the past 18 In many cases, dozens of pre-sald agreements booked by developers have failed to come to County records show just 317 units have recorded closed sales out of the 1,321 offered at thesde five projects, which is fewer than some of the developersz had expected to sell at this The sluggish pace of sales is ripplinbg through the region’s housing market. Developers have been forcedx to extend their loans andoffer financing, extensionx and other support to nail down buyers.
If salese don’t pick up, some of the pain could spread to lenders and others involvedwith
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