Quote:
Originally Posted by CdnEh
I'll dive head first into Marsh Creek if this whole "adding 11 floors to 91 King" ever translates to reality.
A small-time developer? Adding 11 floors? To a 50+ year old building? That has sat vacant for a decade? In a city with low-demand as it is?
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I would think that if they, the developers, can easily afford to pay millions just to acquire these buildings, they can also afford to develop them. 55 - 60 units would not be all that difficult to sell. I'm sure that they have the connections and the know how, after years developing in Vancouver to get the job done.
http://huddle.today/saint-john-real-estate-board-believes-housing-market-will-keep-growing-2018/
I also hope that Marsh Creek won't be too cold when you dive in, headfirst, because even though you might be right, I have this gut feeling that this one might just work out.
Saint John could use some good news for a change and I think that the tide is about to turn. The new Irving tower is bringing a lot more interest to the area and I think this won't be the only good news, as I'm hoping for more, a lot more good news in the future, such as the new call centre in the former Sears call centre quickly adding up to 500 plus jobs, etc.