Riverstone: Boom Or Bust?

Eagle Eye: The last that I heard two of the Riverstone condo buildings were in foreclosure. Unless something is restructured, it will be the bank that is selling them. I wouldnt call Riverstone a bust right now but it is teetering on the fence. I still think it was a good plan. But like many projects, it was counting on the continuation of a robust economy and now it has been brought to its knees.

Wheels: Overall I think Riverstone is adjusting its mix and is doing above average.At current prices the condos will be absorbed and I think a good investment long term.We shop at Buckles(good clothing store, go to the cinema, and eat at Azteca(great taco Tues by the way)Riverstone employees are very friendly,knowledgable and make you want to come back.Hey CDA is good.

Question: What do you think? Is Riverstone a bust? Or will it recover from this deep recession and prosper again like most of us?