In fact, 2 of the 5 proposals I posted there will be starting for sure this year, 1 is already under construction, and there's potential for a third (the XYC development) to start this year as well.
The way I see it, the XYC development has a chance to go through this year due to the nature of the building itself. The entire main floor will be restaurants, easy to lease in that area of the city even in a down economic climate. The 2nd and 3rd floors are boutique office space, perhaps not "easy" to lease but in this iconic location and in such a stunning building, a small firm could easily fill that space if they start leasing soon. While the 4th floor is one single condo. I'm not sure if they'd be able to sell such an expensive place in that climate but I'm sure rich people are still looking at downtown even in this climate, all it takes is one. There's definitely hope for this one, this year or next.
__________________
Strong & Free
Mohkínstsis — 1.6 million people at the Foothills of the Rocky Mountains, 400 high-rises, a 300-metre SE to NW climb, over 1000 kilometres of pathways, with 20% of the urban area as parkland.
|