Skyline at MacArthur Place, the twin condominium towers developer Nexus Cos. is putting up in its hometown of Santa Ana, is expected to wrap up construction by September.
Now comes the hard part for the developer and its financiers: ramping up sales for the two 25-story towers, Orange County’s tallest condo project.
Nexus halted sales last fall amid a tough local housing market that’s shown few signs of improvement this year.
As of last September, the company said fewer than 100 of Skyline’s 349 condos had been sold.
Sales for the towers, which sit along the Costa Mesa (55) Freeway in Santa Ana’s Hutton Centre, are expected to resume in July or August, Nexus President Cory Alder said.
There might be revised prices for the condos, Alder said. But the company is working out its sales plans, he said. Nexus still is targeting the same group of potential buyers,including young buyers in their mid-20s to empty-nesters in their 70s.
For more on this story, read the June 30 issue of the Business Journal.
