Quote:
Originally Posted by GibblyJibbly
That area is going to be massively improved with that tower and the office building on 12th
Hopefully it breathes new life into what was supposed to be the highpoint project!
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While I like these renderings as much as anyone else, I’d be surprised if we see one of these planned projects break ground over the next couple years.
Cost of construction is sky high, as are interest rates, and the economic landscape is not strong to justify such a significant project.
Unless 555 is going to be a rental - and if it is, then I don’t think we’ll see Highpoint for many years - then I don’t anticipate this going through for a long time. Home construction is way down in the province, and condos aren’t exactly selling well.
I would love to be wrong.