Quote:
Originally Posted by J_M_Tungsten
With the completion of Coast, and the building of GEMS Academy, has there been any other talks of development within Lake Shore East? There are still many prime lots available, and I can't believe with all the other proposals going on in the city, we haven't seen anything out of LSE. Has the area lost it's mass appeal or is there something big brewing?
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As far as I know, next tower (aside from GEMS phase II of course) being hotel/residential at site 'O', nestled between Aqua podium and BCBS plaza. Potential hotels of Yotel and SLS. Why is Magellan dragging its feet a little? My suspicion is that they may be hesitating whether to go all rental for the residential portion, all condo, all rental to planned condo conversion, partial rental/partial condo, or partial condo/partial rental to planned condo conversion. My view is it's a phenomenal site, stop hemming and hawing, pick one of the above, go all in, and build - the location will carry the day here no matter the residential strategy....