Jhawk
New Member
Cidex has lots of money behind them.Cidex seems to have run out of money some time ago…That said, if any project of theirs is going to break ground in the future it will be this one…
From what I’ve heard they’re going to do conversions while the city of Calgary has their subsidy. After that ends the plan is to go back to new developments. Which ones they would do I have no idea, but that’s the plan apparently.Assuming they are going office conversion as opposed to new build for lower capital injection. Might be wrong. They do own boatloads of surface parking lots for alleged redevelopment - Cidex has options.
Despite what people think of Cidex’s end product, they’re a well run outfit. They’ve resisted the temptation to add more people and take on more projects.