The Ministry of Housing and Urban-Rural Development said it will continue with policies design to prevent over-investment from real estate investors next year.
It was the reclamation of an industrial Brownfield, and what it has done is introduce a style of mixed use urbandevelopment that really had not been done in Atlanta and in most American cities since the Second World War.
As part of the deal, Flagstar admitted that it had submitted false certifications to the Department of Housing and UrbanDevelopment, inducing the Federal Housing Administration to accept loans for government insurance that were not eligible and that resulted in losses to HUD when the loans defaulted.
Charles Haddrell of New Zealand Trade and Enterprise, an economic-development agency, says it benefits from the combination of Pacific and urban cultures, an emphasis on natural fibres that appeal to environmentally conscious buyers, and a fresh and quirky approach.