>High-profile Four Seasons condo project cuts prices

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>The Four Seasons Private Residences, Seattle’s priciest condo development ever, plans to cut prices. Apparently the richest of the rich aren’t buying, either.
“Market pressures are creating an environment in which even the most premium brands are having to make price adjustments to meet the market realities and buyers’ expectations,” Deborah Buchta of RMA Consultants, the firm marketing the condos, said in an e-mail.
“Even [the Four Seasons] is not immune to these conditions.”
It’s been nearly six months since a sale closed at the Four Seasons, which opened late last year. Buchta said she couldn’t say how big the price reductions will be, or when they will take effect

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http://seattletimes.nwsource.com/html/businesstechnology/2009520590_fourseasons23.html

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