Conclusion
The recommendation by MUB Consulting, Inc. is that Lofty Apartment Partners, Inc. and Atlantic Savings and Loans should not develop Creek Side Apartments.
Though the location of the proposed Creek Side Apartments has the correct demographics, the desired community features, good access to a transportation network, and the construction cost price is reasonable. The concerning issue is that the overall percentage of renters in the surrounding area is decreasing and that Creek Side Apartments with its proposed 300-units would then be the largest apartment facility in the area. For this reason MUB Consulting, Inc. believes that Creek Side Apartments would face financial difficulties.