Quote:
Originally Posted by WhipperSnapper
High hopes Trinity would start 2 to 3 years ago. You guys must be getting antsy.
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Were wondering if they may be over their head with this one. Up until a few years ago, their m.o. was big box stores. They've since built a few larger projects (partners in Lansdowne, though Minto was the building, a bait-and-switch tower on Rideau). They do have a partner in InterRent and PBC Group for the Bayview project.
Another possibility is the delayed Trillium Line Stage 2 project. SNC is still working on the site, building the pedestrian bridge to the future development and expanding the lower Bayview station. Trinity may start building once Trillium work is complete.
Final possibility is that Trinity at Bayview is (was?) Melnyk's central reasoning for cancelling the previous arena project in 2018 and suing Trinity for $700 Million, and Trinity countersuing for $1 Billion; he was unhappy with Trinity promoting this massive complex across the street from their LeBreton partnership, which could have undercut the arena project.
In any case, I hope Trinity will sell off their stake in the project and let a more capable developer take over.