Quote:
Originally Posted by TheRitsman
It is a bit far, but maybe. They got approval and started right away eh? Is that Darko? He puts shit up fast, and seems to be one of the only developers interested in rentals. Or he builds them as rental then converts to condos so he can sell them quicker/more expensive/start building asap?
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They've started site works and mobilization at the Walnut site. The reason I suggested that site is because it's another Darko project and maybe the location of drop off got mixed up? I've always given him kudos for beginning construction once he gets approval. You're only wasting/ losing money by letting the land sit after approvals.
I think he's sticking to the rental market. He was initially selling the units at 150 Main as Condos and then converted them to rentals after the majority of people moved in, only to start selling some of them again? I'm assuming he would have to wait until a tenants lease is up before trying to resell their unit? No clue. As far as I know, he's focused on just apartments now. I think the majority of units at 150 have remained rentals.