Quote:
Originally Posted by DowntownBooster
Is there actually talk of something going up at 416 Main? I know we're all hoping something will go up at that location but it would be nice to know that something is going up there.
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Well, the corner next to Newman-Maclean bldg, now palomino, the reason they are moving is because of new construction of a residential tower.
I know not more than that as to scale, height or condo vs. rental.
I think I heard somewhere like 15 floors?
416 main seems to be garnering a lot of buzz.
There is interest and push for a first rate upscale hotel as proposed before.
The 138 Portage east hotel is rumored to be like a suite or extend stay operation. 416 Main is to compete more directly with Fairmont @ Portage & Main area as Sutton Place is to compete directly with Delta by Mariott in the immediate Convention Centre area.
With the loss of PLR to rentals and growth downtown plus the expansion of the RBC convention centre, all is fine with more hotels.
I have no idea if the proposals for Urbane and Venue will go forward though?
Perhaps one of those will proceed?