The College Street location is considered to be an expansion for Pennies:

www.yourcitywithin.com

One of the hottest bars for cheap drinks and snacks is opening a second location in Toronto - YourCityWithIN.com

A bar that’s popular for their cheap food and drinks has been teasing the opening of a new second location. Pennies has long been housed in an iconic yellow building just off King West, with an even more iconic patio that draws massive crowds during warm weather. Aside from their popular outdoor...
www.yourcitywithin.com www.yourcitywithin.com
 
I'm embarrassed to say I've never been to Pennies. The moment the weather is patio friendly, one of my many booty shorts will be getting planted there!
 
Looks like completion of this condo is deferred again to at least March 2028 as per this website. More time for Pennies!
condonow.com

Bellwoods House Condos | Plans, Prices, Reviews

Bellwoods House Condos by Republic-Developments is a New Condo located at King W and Strachan , Toronto. Learn everything you need to know.
condonow.com

No further progress on permits approval from the city. Only Demolition permit of the car rental business has been issued.
 
There is clearly (and understandably) no push to move this one forward as currently conceived.

NOAC was never issued here, and no new files since '24

New Build permits show no activity since '24, none are issued or pending.
 
PrestigeWorldwide said:
crazy that this project is so well located (not taking into account size and layouts here) and has only sold 7% of units and is still active. surprised it hasn't been officially cancelled and reworked.
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Inexperienced developer who were not a proven name in the industry and missed the boat on when the market was more robust. If they launched the project a few years earlier then they may have had a chance.
 
AlbertC said:
Inexperienced developer who were not a proven name in the industry and missed the boat on when the market was more robust. If they launched the project a few years earlier then they may have had a chance.
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totally agree, just saying that even in this market... this particular building performed terribly relative to everything else despite having many redeeming qualities.
 
AlbertC said:
Inexperienced developer who were not a proven name in the industry and missed the boat on when the market was more robust. If they launched the project a few years earlier then they may have had a chance.
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PrestigeWorldwide said:
crazy that this project is so well located (not taking into account size and layouts here) and has only sold 7% of units and is still active. surprised it hasn't been officially cancelled and reworked.
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I know someone who bought a unit here and he said the completion date was deferred to 2029. I’m surprised that the developer hasn’t cancelled the project. Where do you get the information that it only sold 7%? Don’t most precons get cancelled if they don’t sell 75% by a certain date?
 
Wheresmyhome said:
I know someone who bought a unit here and he said the completion date was deferred to 2029. I’m surprised that the developer hasn’t cancelled the project. Where do you get the information that it only sold 7%? Don’t most precons get cancelled if they don’t sell 75% by a certain date?
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Urbanation tracks pre-con sales relatively accurately from my experience. this is where that % was taken from
 
PrestigeWorldwide said:
Urbanation tracks pre-con sales relatively accurately from my experience. this is where that % was taken from
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It’s too bad because the location is great. And I think the “boutique” style fits well with the neighborhood. I wonder why the developer is hanging onto this project if there are almost zero sales. It’s not like the number of sales is going skyrocket all of a sudden this year (or next year) lol.
 
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