Quote:
Originally Posted by Jonovision
I met with the developers last week. Told them about the site and said they should keep an eye on it. That's probably why your bit got put up Keith P. Hope you guys don't mind. They just want to know that people are talking about it. I'll admit, before meeting with them, I was on the fence. But getting some of the numbers and talking with them. I am now in full support of this development.
The reasoning behind the height is to allow for more affordable units. The condos in here will start at $150,000. Much more affordable then buildings like the Trillium. And in order to make it economically feasible they needed more units. Hence the 48 stories.
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Thanks for the info Jono, this is really interesting. Depending on the condo fees, I would definitely look into something in the $150-200 range. It would put alot of middle class people downtown... which is what the city really needs.