Tax efficient way to sell condos

[Jason Mak]

**Posted this in the 1031 section already, but this might be a better place to put this topic**

Wanted to check in with BP and see if anyone had any experience with selling new construction condos and any advice how on to be tax efficient.

I'm currently constructing a 37 unit condo project and plan to sell the condos individually at retail price. As I understand, most developers who do this have to pay short term capital gains on proceeds and doing a 1031 exchange is challenging, unless I purchase 37 individual properties. 

Alternatively, instead of selling the condos, we could perhaps "lease to own" the property for 12 months in order to reclassify the condos as a long term capital gain which would result in being a taxed a lower capital gain %.

Was wondering if anyone had any experience with this and any advice.

Thanks

Jason