Not closing on condo at DISTRICT

About a year and a half ago we signed a purchase agreement (and put down a 10% down payment) for one of the new condos in the financial district (DISTRICT - 111 Fulton/ 60 Ann Street). But we have since decided that with the current state of the market we will give up our 10% deposit and walk away from the purchase all together. Although heartbreaking to lose that much cash(~120k), after looking at our own financials, it is not worth it for us to be strapped into such a large investment in an unstable market. Just wondering if any other buyers at the DISTRICT are planning on doing the same thing?