55 West ready to rise [Orlando]
Three years after it was first proposed, construction of the 55 West condominium tower in downtown Orlando is under way and headed for completion in spring 2008.
Spiraling costs for material and labor had delayed the 32-story project, and a long list of prospective buyers evaporated as delays continued and prices rose.
But now the 405-unit tower is 74 percent sold, with buyers signing “hard sales contracts,” said Craig Ustler, president of CondoHQ Orlando LLC, the brokerage handling the sales.