I suspect there are one of three possible situations:
1) The crane and such they need aren't ready, and our assumptions and any information we found about it starting were wrong.
2) There are unknown delays, such as the OLT situation, or other permitting or contractor delays.
3) The Hamilton market for condos has slowed, especially with so many new buildings on the market. Radio City was supposed to start months ago now, and is sitting there. The Royal Connaught... Well we all know about that, and then there's this and the condo beside West Harbour, all in a kind of sales are ongoing but there's no movement. Maybe waiting for interest rates to go down. As we see with the KiWi completion too, many brand new units are for sale, and people aren't buying those either, so those lower prices might be pushing pre-build prices down, plus Emblem may not want to compete with themselves on tower 2 and 3 which have yet to sell out and go on sale respectively.
All my speculation, but I'd be curious if others agree.
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