Quote:
Originally Posted by someone123
This one says 40 storeys (and 1350 units) on the website: https://mangahotels.com/residential-properties/
I was wondering about phasing. It seems the first tower is being built by itself, and while they did some excavation for the larger site, they didn't start the foundation for all 3 towers?
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There was talk from them about getting a variance of some sort from the city to combine the podiums into one, but that seemed to disappear into the ether. Not long after that, Manga secured $150M in financing for the first tower, which they are building now. They said at the time they would build tower 1 to the original 33 height, and increase the 2nd and 3rd towers only.
Two thoughts: they may apply to build this tower to 40 if it seems viable...
And relatedly, as that would incur more cost, if the financing isn't there, we also may be waiting a while for towers 2 and 3.