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Old Posted Oct 25, 2024, 6:18 PM
Drybrain Drybrain is offline
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Join Date: Sep 2012
Posts: 4,499
Quote:
Originally Posted by Saul Goode View Post
While I too am very pleased to see this development become a reality, the one I'm most looking forward to seeing complete is the Rouvalis project on the other half of the block. Much more attractive buildings, to my eye. I hope it actually happens.
A revised DA with an alternative plan for the heritage component is going to council in the spring. That'll be about two years from the accident with the heritage house--this thing would be most of the way to completion if that hadn't happened. It feels pretty ridiculous, but I have no insight into why it took so long. Hopefully this all goes ahead swiftly once the DA is approved. The whole block is just boarded up and waiting for this to move ahead.

One thing I'm wondering about: the federal government yesterday announced pretty sweeping immigration reforms, which if implemented will result in a slight population decline nationally over the next two years. Theoretically, this means Halifax's growth could go from +20,000 this past year to zero (or even shrink) next year. What will ideally happen in that scenario is that developers will keep building, to catch up on the housing backlog, so we're in a better situation once growth resumes in 2027. But I worry there's also a risk that it'll spook builders into scaling back or cancelling projects--especially big, expensive, ambitious ones.

In any case, I hope shovels are in the ground on this again before the current boom comes to an end. And I really hope we don't see any demolitions for SG West until they're ready to start building.
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