Posted Oct 20, 2024, 8:00 PM
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Registered User
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Join Date: Feb 2009
Location: Vancouver
Posts: 27,507
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Quote:
Originally Posted by jollyburger
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Sounds like those dates weren't worth the paper they were printed on.
Times is hard for the Duke of Westminster apparently.
1,600-home housing project in Vancouver facing delays
Current developer says timelines agreed to by council and previous developer 'were never feasible'
Liam Britten · CBC News · Posted: Oct 18, 2024
The developer spearheading an over 1,600-home housing project in Vancouver's Oakridge neighbourhood — including 175 units of social housing — says it can't meet the timelines set by city council.
Grosvenor, the developer of the 5.5-hectare former Oakridge Transit Centre site on West 41st Avenue, is requesting a five-year extension on its deadline to build project amenities, including social housing, a public park and a 69-space daycare....
...Grosvenor's spokesperson says this is "due to the usual issues affecting our industry: market conditions, approval timelines, evolving government housing policies, and significant cost escalations across the board."....
https://www.cbc.ca/news/canada/british-c...ect-in-vancouver-facing-delays-1.7357082
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