Quote:
Originally Posted by atnor
No kidding, I’m eyeing a unit in this development. What’s your professional esitimate on the timeline for sales/construction?
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As David wrote in an earlier post, it all depends on the outcome from the OMB. That can take up to a year or more depending on its place in queue and the complexity of the appeal ( which I can't speak to)
If I had to guess, I would say within a year before marketing/sales and then construction once they hit a certain % of units sold (usually 50% or more depending on the developer)
Construction on a project like this would take 2-3 years minimum because of the complexity of the build. It took the same developer longer to build their similar Pier 27 project on the waterfront in Downtown Toronto, so I anticipate this one taking the same amount of time if not longer to build.
All speculation of course. We'll have to wait and see for concrete updates as they come in.
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