[Northern Light]

Units are dropping from 369 to 245—that’s a massive change, not a tiny tweak. So this 50-storey ‘proposal’… is it actually real, or just something to make the pitch look fancier?

So far as I know, its 'real'; but is it imminent?.....well........no.

The building permit applications are all stale, for the older versions, and haven't been touched in over a year.

So they aren't ready to build just yet.

The unit drop suggests either of pitching this as 'luxury'.....a market that is still doing fairly well; or as rental.

@ProjectEnd would likely have greater insight on the new strategy.

 

[GenerationLee]

Yeah, I wouldnt expect anything for a while. You also have that Manga hotel going uo just north of here, which would be likely direct comptletition with the hotel component as proposed (potentially?) here.

 

[rdaner]

Any hotel in the area would be based on proximity to BB to some degree as well as the waterfront. Btw I got the ‘info’ on a hotel in this area from Retail Insider.

 

[ProjectEnd]

So far as I know, its 'real'; but is it imminent?.....well........no.

The building permit applications are all stale, for the older versions, and haven't been touched in over a year.

So they aren't ready to build just yet.

The unit drop suggests either of pitching this as 'luxury'.....a market that is still doing fairly well; or as rental.

@ProjectEnd would likely have greater insight on the new strategy.

I know Pouyan was looking at a pivot to rental but was coming up short on the equity gap. Perhaps that's changed?