[MacLac]

Bring it on Ian....we know you know something. Especially after your back and forth with Wosnack on LinkedIn.....

 

[Barnaby]

Any word on lease up? Tower 2?

I'll bite. They should have just be getting occupancy in the next couple weeks. First move ins were scheduled for Aug 15th. When I toured last month I figured it looked much more like a Sept 1-Sept 15th move in. October/November if you want to live in a completed project.

My review of the building isn't negative. Nice units, very good views in all directions, especially looking north and south. The rooftop amenity space was impressive. The balconies were massive. The location is very good.

I think they will lease this one up quickly. They won't really acknowledge tower 2 unless you ask about it, though.

 

[Gronk!]

 

[MacLac]

Bring it on Ian....we know you know something. Especially after your back and forth with Wosnack on LinkedIn.....

Did Wosnack ever get back to you on your query?

 

[IanO]

Not yet, no. Not to take away from all of those featured projects, because they are all good additions, but the limited residential growth is disheartening given the population explosion.

 

[David A]

I'll bite. They should have just be getting occupancy in the next couple weeks. First move ins were scheduled for Aug 15th. When I toured last month I figured it looked much more like a Sept 1-Sept 15th move in. October/November if you want to live in a completed project.

My review of the building isn't negative. Nice units, very good views in all directions, especially looking north and south. The rooftop amenity space was impressive. The balconies were massive. The location is very good.

I think they will lease this one up quickly. They won't really acknowledge tower 2 unless you ask about it, though.

Probably not the best way to attract tenants now by highlighting there may be a construction site nearby and the views may change.

So it makes good sense to focus on the task at hand first, which is filling this building and then taking it from there.

To be fair, I suspect the tenant response will also affect a second tower going ahead. If this fills quickly then that is a good sign. And also they might be waiting for interest rates to improve a bit.

 

[thommyjo]

Almost done all balconies. Still a few weeks of work on the podium.

 

[yeggator]

Falcon is now a staple fixture of the Global News weather camera.

 

[Stevey_G]

Compared to what one sees in the LML, those balconies are insanely huge.

 

[IanO]

A bunch of lights on last night with move-ins well underway.

https://www.linkedin.com/in/martypawlina?miniProfileUrn=urn%3Ali%3Afsd_profile%3AACoAACT5UY0BCPBogoxRzAI0bHYPzblFhuZnKr4&lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3BhwHDo%2FJ6SvmrxyrtYyFUVA%3D%3D

 

[_urbanite]

Podium coming along

 

[fromyeg]

Any chance Tower 2 starts in 2025?

 

[IanO]

Really depends on the leasing velocity with Tower 1, rate and market demand.

 

[MacLac]

Yes, Langham owns the lot directly south of Falcon 1, ergo making it the future home of Falcon 2. Wouldn’t the next logical construction phase for them be Flacon 2? One would surmise that it would behoof them to buy another lot while “Falcon 1 fills.” If you were them wouldn’t you start Falcon 2 next rather than buy another lot? What a confusing question you just asked…..

 

[CplKlinger]

Yes, Langham owns the lot directly south of Falcon 1, ergo making it the future home of Falcon 2. Wouldn’t the next logical construction phase for them be Flacon 2? One would surmise that it would behoof them to buy another lot while “Falcon 1 fills.” If you were them wouldn’t you start Falcon 2 next rather than buy another lot? What a confusing question you just asked…..

I think he's raising the question because the developer left Falcon 2 up in the air, saying it depends on how Falcon 1 does. I don't know if it'd be worth doing an entire separate project in the time it takes to make that call, but it'll certainly be interesting to see if they move on Falcon 2 next or not.