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plus 18 months to get the first building up
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I think we're looking at a minimum of 2 years per building, from excavation / underground works to occupancy. As stated, this is going to be a 10-15 year build at the least, based on other similar projects in the region.
Toronto's Canary district is a good reference with the first buildings being completed for the Pan Am games - they've still yet to file SPA for the final block (block 13) and buildings are still under construction.
Canary Block, a modest 12 story building began shoring in November 2017, and received final occupancy in 2020.
I would also compare this to Brightwater in Port Credit - they've sold 2 buildings so far, with a third (The Mason) just launching marketing, as well as the Brightwater towns which I believe are currently selling. Projects like this are long haul and are very dictated by the market and what the developer thinks is the best strategy.
Hopefully, similarly to Canary District, some of the vacant lots awaiting development can be used for temporary greenspace.