Quote:
Originally Posted by whatnext
Harwood is mostly in the apartment rental business, so I'd expect Dunbar Terrace to stay as such. Not sure who the folks behind The Ivy are.
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They were called 'Dunbar Partnership' for the application, and The Courier described them as local residents. They share an address with a property development company called Dayhu, but that might not be significant.
I realize this isn't a reply to your comment, but the rents seem to me to be what might be expected on the west side, given land values and recent construction costs. I'm not sure I'd expect them to be much lower, however much development the market was delivering to meet demand. Unless costs of land or construction come down, I would expect projects like this just wouldn't be built if rents were significantly less. The Rental 100 DCL waivers and parking reductions (on those projects that chose to use that program) help initial rents to be a bit lower, but even then, land and construction costs are the driver of what landlords need to charge to make a reasonable return.