Quote:
Originally Posted by Bedford_DJ
Well I guess since three forumers say it was on Barrington Street I'll have to agree.
But back on topic I imagine well after the NSP HQ and Hollis@Morris are underway this and Salter Street will have a chance to begin. IMO it will come down to whoever can sell more units first.
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Considering Hollis and Morris and Salter are both rentals it wouldn't come down to a unit sold issue really.
NSP headquaters would have nill effect on this development to be honest.
The bottom line is it simply took too long for the project to get approved, therefore missing the market opportunity. If i had to guess it will be sometime before this starts with the current situation of economic climate and the available units on the market. There seems to be a significant amount of units for sale just accross the street at bishops.
A smater move would be to apply for a amendment to convert the units to rental. But with that said the rental income may not support the development costs.