Agree, too bad and I also thought that with its affiliation with Emblem and close proximity to the Design District they would also move ahead.
 
KingJames said:
Agree, too bad and I also thought that with its affiliation with Emblem and close proximity to the Design District they would also move ahead.
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I don’t think this one had any affiliation with Emblem. Wasn’t it Core Developments? (If so, this probably doesn’t bode well for Core’s other Hamilton project, at Main and John. I wonder if they’ll try to offload that property too?)
 
I remember people in this forum saying that the interest rate hikes would have zero impact on condo construction in Hamilton lol
 
Maybe some projects will flip to rentals. Will have to look to Lamb and Fengate/Hi-Rise projects for entertainment while we wait for better conditions. Mind you Vrancor always cooking!
 
Corktownie said:
I don’t think this one had any affiliation with Emblem. Wasn’t it Core Developments? (If so, this probably doesn’t bode well for Core’s other Hamilton project, at Main and John. I wonder if they’ll try to offload that property too?)
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I think we are collectively thinking of a similar project nearby that is affiliated with Emblem. Might be mistaken on that.

Selling the property without its holding provision is a value-add to those who primarily build on, rather than ‘enhance’ land. The downside is that might mean Vrancor. However, I think they just didn’t plan on building a rental if the market went sour, so they’re just offloading it to someone else instead.
 
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