I, for one, think that the place just isn't bringing the kind of cash that the parent company needs to justify the expense of the place. Let's face it: there really isn't any more highly exposed piece of property in Buhminghahm, and I have to believe that the rent on the place is just stratospheric. As well, there really isn't any "defined" parking for the place, is there, besides the nearby structure?
I know the price structure is high end, but that's usually not a big deal in that area (Cafe Via, anyone?), so I can't help but think that it's not just a "priced themselves out of the market" issue.
For a place that's been pretty highly touted, closing in under two years seems oddly premature. Anybody else have more info?