The growth and development has been tremendous and seems bigger than ever now, even with the 'recession' talks. Get more for your money now in this area and watch your investment grow and grow and grow (like I have).
Depending on the location of the property, size of the developers construction loans and other fees coupled with the credit crunch that banks are now implementing, it's harder for first time home buyers to purchase those homes (these are the clients that developers had in mind when they set out to build) Now there is a surplus of properties that not many people with credit scores under 680 (Newly established for Fannie Mae) can obtain. This isn't to say that once all the guidelines are set in place that there won't be a surge of people buying in West Town....because there will be.
Bottom line is that it's going to be a great neighborhood. Can you stick it out until it is? Keep in mind that a lot of your equity can come from purchasing at the right price (at a 20-25% discount, a developers loss can sometimes be your gain). Get the best deal you can!
I'm happy to help with any additional questions you have.