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Originally Posted by DowntownBooster
There's plenty of surface parking lots downtown where they can build smaller developments. Would we have been excited about 300 Main if Artis announced they were going to build a 12 story complex? Not likely. It was disappointing when SkyCity fell through because it would have been awesome to see two 40+ story towers going up at the same time and in Winnipeg of all places.
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Yeah, this is true. It was super disappointing, especially for those of us who had some hope that it would realistically be pulled off. I think if it was a different developer, it would have been U/C by now. In a new development (well new at the time) where I purchased a condo, it was a "go" at 50% sold, and that development was 4 towers in total (2 initially)
Look at how Glasshouse went through; the right team can pull it off. With SkyCity it was >50% sold according to them...I know a few people who ended up getting units there...I also know a few people who were waiting to see if it was under construction before committing to it, and lo and behold they've purchased condos elsewhere in the city now once the news that it wasn't going through was reported in the news. Also all of the trouble that followed fortress made them very cautious. It just goes to show what might have been had a "legitimate" developer been involved.
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Originally Posted by bomberjet
Not to derail the 300 Main thread. But, has SkyCity officially been cancelled (or put on hold) by Fortress? Or will it just drag on for years and years and years like all their other 'developments'?
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They dished out refunds did they not? Or committed to it? Although it looks like they still have a skycity sign on the parking lot. I too am hoping a proper developer can put something on that lot in the near future. Let's not forget, regardless of that lot, Biff teased us with some big projects in the pipeline for downtown - whether they are towers or not, big projects are good. I feel the best way to get tall buildings in Winnipeg is to get rid of these parking lots, as many as possible, until the costs to go taller are more justified for future developments as the land becomes more scarce.