Quote:
Originally Posted by bowling_ball
I interviewed with a client who was looking at this site. I then pointed out that A) there's no services, and B) the per-acre cost is about 4x to 6x what we see elsewhere in the City. Oh and C) being tied to geothermal is required.
I don't want to discourage good work, and that property has sat vacant long enough, but the developer is out to lunch. There's a reason there's not a single murmur of this property among actual developers.
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Don’t the buildings also need to be LEED Gold?
I personally can’t see how this development could attract a large number of developers to build such large scale projects in the current development conditions with all the added costs expected to be incurred. Residential development in Winnipeg is done on razor thin margins. I hope I’m wrong.
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