With the recent announcement, coinciding with the one year anniversary of the Book Cadillac, that only 15-20 condo units remained available, they probably looked at it and saw demand for more. Remember that only 6 of them had been sold back in April, so when the economy improves they may sell pretty fast so [[if they are to go through with the project) they may look to three years from now when there may be even more demand [[when the project would likely be finished).

I wouldn't be surprised if Ferchill's interest in the building back in April or May has led to this announcement. But the bottom line, since they A) dropped the prices on the Book-Cadillac Residences and B) started advertising them a little bit, they have been selling pretty fast, so there seems to be an interest in luxury condos downtown and hopefully they will follow through with this.