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Good news though. |
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Great to hear this project has finally made its way through all the hurdles! Hopefully we'll see this one started before the winter! Looking forward to the impact it will make in the area :tup:
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What the heck ever happen to this? Back this summer it seemed like everyone was talking about it. Once the amendment was approved it kinda drifted off into oblivion.....
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Step 2, with approval in hand, I guess you then then try to line up financing, future tenants and work on finalizing project costs. I stand corrected but I think once the city grants approval (in principle?) you then have two or three years before that approval lapses...thus the slow motion of development. |
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10 months later and not a peep, is this another dead project?
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http://www.tiffanycondos.com/ |
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will this affect their desire to develop the Tiffany expansion? |
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The city and the region do have a lot of work ahead to try and combat this trend. Back to the point... I do think this development will be very tough to get off the ground.... |
I don't believe the development will proceed, at least not as proposed. I'm not sure if they were expecting most of the tenants to eventually need nursing care ( at extremely high costs ) as justification for the development. Unlike in the past, more boomers can likely afford apartments. I don't see the attraction of condos over purpose-built apartments.
In 10 years I'll be looking to decide what housing options will suit me. Will I stay in my house or move to condo or apartment? Condos are way too expensive for most seniors, I think. Even a modest pension with the sale of a typical house would allow a nice apartment, without condo fees. I think there's a market for purpose-built apartments, sort of like what's proposed for Kenmount Terrace (a poor location though). There a plot of land at the corner of Capt Whelan and Hamlyn Rd that would make an ideal taller development, GREAT view, close to store, roads, etc and shouldn't piss-off any neighbours. |
Here’s a thought, in light of the Government’s recent announcement about private long term care facilities and the experience this developer has had with Tiffany Village next door, wouldn’t it seem like a good opportunity to pitch a proposal to turn this development from condos into a long term care facility using a similar model as Tiffany Village?
I understand of course that the current Tiffany Village doesn’t provide the level 3 (?) care that the Government run facilities provide but that only presents a new opportunity. It sure would be nice to see this dormant proposal rise form the ashes |
Anyone know the status of this proposed development? Its been a long time since anyone said a word about it.
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