Posted Feb 16, 2012, 3:29 AM
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Registered User
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Join Date: Mar 2008
Location: Downtown Dartmouth
Posts: 706
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Quote:
Originally Posted by Halifax Hillbilly
Looks like a zombie apocalypse. Or an art installation that got really beat up by wind, rain and snow. Creepy indeed.
Wouldn't the approval of TD Centre and the resumption of Waterside Centre hurt this project? I would assume they are all going after the same type of tenants, and the first two projects are a go. If I needed office space I'd rather sign with a sure thing. The office vacancy rate downtown is quite high and there are two developments first in line. Doesn't look promising.
How long will the developer drag this out before going to his plan b, which is apparently mid-rise residential, with some retail and office? I really hope the government doesn't hop in and directly subsidize the office towers or hotel. I don't think it would happen, but it would be a horrible precedent.
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The sad part is if Rank had gone with Plan B there would probably be a crane onsite right now.
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