However, in December 2008, developer Tony Giarratana announced that the project would be downsized, due to the economic recession. Giarratana stated that the number of condos would be reduced from around 600 to under 100, but the average condo size would more than double from an average of  to . The height of the revised Signature Tower was to be  and 50 stories.
In December 2008, developer Tony Giarratana announced that the project would be reduced in scale due to economic conditions. He indicated that the number of condominiums would decrease from approximately 600 to fewer than 100, while the average size would more than double from an average of to . The revised height of the Signature Tower was intended to be and 50 stories.