Quote:
Originally Posted by Blitz
A 16-storey residential building was announced over a year ago around the area of Victoria Ave. and University Ave. but I've heard nothing about it since.
Rents are skyrocketing in Windsor (a 15% increase over last year...the highest in Canada) and I read somewhere that the downtown residential vacancy rate is pretty much 0% right now.
Given these numbers you have to assume that other developers are going to get moving soon. Hopefully someone is willing to take a risk and do something with the vacant lots in the Aylmer Ave. and Chatham St. area. The city has offered so many incentives to turn that neighbourhood around but nobody has bit on it.
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Nothing is happening on site. The case is exactly the same for The Hive on Pelissier, supposedly they got their demo permits in March and "work has started" but nothing has happened yet, as of yesterday when I walked by the site.
My guess it's a lot of newer companies that don't have experience constructing taller buildings, hence why it's taking so long. Right now it's only Piroli and Valente who have been able to get anything off the ground at all.
I think the next one that will get off the ground will be the Amico/Hotel Dieu development on Crawford and University.