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Originally Posted by Equinox71
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Oh wow, good find. I actually really liked the design of that tower, The Manhatten I believe.
Bit surprised, I think the city even did some sort of land swap with them for transit purposes. It's also a court ordered sale.
WestStone Group also holds a bit of land in that immediate area, and I don't think things are looking too great for them either. Their tower 'Neon' was supposed to have a 2024 completion and they haven't made any noise about it so far. Their Innovation Village site was also announced nearly a decade ago and they were promising pretty insane returns if you invested in it, and I heard they've completed ghosted all investors. Correct me if I'm wrong but their track record in the area is also not the best with one tower that was built to the wrong code and the other tower that didn't have blinds for like a year after completion.
Also another recent court ordered listing:
https://www.realtor.ca/real-estate/26474869/10925-university-drive-surrey
Highrise application is currently pending on that site. (19-0095)
Since we're talking about land, I also noticed the GEC site is no longer for sale, anyone know anything about that? Was purchased for $8.75m and listed for like $60M with the designs/zoning.