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Originally Posted by sailor734
Other than the fact the proponents don't seem to be serious people and appear to lack experience or a track record is there anything about the proposal/concept itself that makes it not a valid project?
Is it a poor location? Is the proposed building design not viable? Would the SJ market not absorb 180 units?
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It's the unserious proponents. They got it rezoned, IIRC, and had a big announcement in spring 2021, but have not said a peep since. Last thing related to the project was an open house almost exactly three years ago. Kind of like the Wilson St project over west.
I'd put these purely speculative projects in a different bucket than stuff like 99 King, Ethos Ridge, etc, which fell apart due to cost increases or other issues. No meat on the bone at all.
The South End could definitely absorb 180 units at this location. Someone needs to benevolently kidnap Lafford from Moncton and drag him down here to develop, like Ricky and Julian kidnapped Alex Lifeson in the Trailer Park Boys.
Of note, they're only paying $12,028 annually in property tax for this lot. So even if they're semi-serious there's no pressure to proceed.
With Sydney south of Broad and the accompanying temporary terminus of Harbour Passage being rebuilt, the area is more appealing than it was in 2021. I'd like to see the trail extend between this lot and the train tracks to the ball fields at the south end of Carmarthen, instead of along Broad as planned, but that's a minor issue.
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