High-rise Condos in Aggie Land?

Gameday Centers from Atlanta has been in the business of developing mixed-use luxury condo projects near college stadiums with the intention of providing second homes for avid college football fans.  These new condos come fully furnished and provide college alums a place to live while in town for their favorite sporting events as well as a great investment vehicle.  Owners are allowed to rent the units out in the off-season to anyone over the age of 25.  This obviously excludes most undergraduate students. 

Gameday Centers was in the process of moving forward on a new $20 million condo project near Texas A&M stadium but have recently backed out of the deal with no explanation.  Southeast Property Management CO. owns the two acre parcel and is apparently already in the process of taking on another prominent developer to take over the project.  Whether the original plans will go through or not remains to be seen.  Some early buyers already have deposits of up to $18,000 in the project but will have the opportunity to withdraw at full refund if they do like the plans proposed by the new developer. 

It seems like an interesting concept that would focus mainly on investors rather than end-users or people looking for a primary residence.  Maybe Dallas condos could benefit from this unique idea.  Although I do not foresee too many wealthy SMU alums purchasing condos in Highland Park just to fly in occasionally to see the Mustangs play!  SMU is my alma mater so I have the right to make fun of them as do all the people who have put money towards their football program. 

The Dallas based Staubach Company, founded by Roger Staubach of the Dallas Cowboys, has been rumored to be negotiating to take over the high-rise condos in College Station but a formal announcement has not been made.