Less of a mystery... one more hotel project down: Oakland hotel, office development on hold
. It's a bit curious since the Pitt News reported on this project last week
as being behind schedule but still going forward. What I don't get though is that this project services Oakland which I think would be one of the notional hotels that would actually move forward. The Oakland institutions being about as near a lock on future demand as you can get these days. It certainly seems a lot better bet than some of the hotel projects that thus far are still on the books.
Might not be a net loss though, there is a complementary story that another idled hotel project has restarted
. Someone out there has a complete tracking of these hotel projects. I'd be curious what the full picture looks like right now.