Quote:
Originally Posted by jsbertram
So, does this qualify for "above ground", or do we wait for the new attached parkade to be at street level?
|
Not yet officially 'at grade'. The developer cannot safely lock the door and walk away, which is why the distinction is so important for project insurance and financing.
Anyone remember the Bay-Adelaide Center development in Toronto? It hit grade about 1990, and then sat for a decade after the developer pulled out. Had a four or five story core completed at that stage.