[Chris R.]

Despite this building not being filled, I've noticed a substantial increase in foot traffic in the area at this section.

To me, it becomes more ridiculous every day that Bay St doesn't have an LRT stop. With this building, a future planned building behind it, and across the street, the under construction building at 213 King and the empty parking lot at Market St and Main St, there will be thousands of new residents living here in the near future.

 

[innsertnamehere]

Yes it will be dense but both Queen and James will be short walks away. The LRT is already going to be pretty slow, it doesn’t need to have unnecessary stops to slow it even further.

 

[Crapht]

It’s still years away from beginning construction. York blvd will be finished 2025. Two way Main Street will begin after that and LRT can’t happen until east /west routes are ready otherwise it’s just chaos added on top of chaos. This is my belief anyway. I suppose they could begin construction of the storage and maintenance facility at MIP. Probably start the lines at McMaster and Eastgate but I doubt it.

 

[berklon]

Yeah, it's possible a stop will be added at Bay once they realize the increased density and traffic there long before LRT is done.

 

[Branden Simon]

December 17, 2024

 

[Chronamut]

It IS fun to look at.. I will admit that.. all the subtle details. It could have just been a box - they CHOSE for it not to be. I respect that.

 

[KingJames]

Bring on Phase 2! Wonder how leasing is going on now that the issues around landing a quick opening are behind them now (well I hope they are behind them)

 

[Northern Light]

Bring on Phase 2! Wonder how leasing is going on now that the issues around landing a quick opening are behind them now (well I hope they are behind them)

So.......I'm not normally one for reporting rumours..........but I can neither substantiate nor dismiss something I'm hearing on this one..........

Which is that occupancy (lease-up) is not going well.

I'm hearing numbers that would have this project deeply in the red.

I want to be clear, I'm not satisfied w/the info quality I have............but its crossed in front of me a couple of times.........and I've decided its worth putting out there to see if anyone can either confirm it, or correct it.

 

[BCTed]

So.......I'm not normally one for reporting rumours..........but I can neither substantiate nor dismiss something I'm hearing on this one..........

Which is that occupancy (lease-up) is not going well.

I'm hearing numbers that would have this project deeply in the red.

I want to be clear, I'm not satisfied w/the info quality I have............but its crossed in front of me a couple of times.........and I'd decided its worth putting out there to see if anyone can either confirm it, or correct it.

I have no knowledge of anything, but I doubt that anyone would be shocked if what you said is true.

 

[Stec]

So.......I'm not normally one for reporting rumours..........but I can neither substantiate nor dismiss something I'm hearing on this one..........

Which is that occupancy (lease-up) is not going well.

I'm hearing numbers that would have this project deeply in the red.

I want to be clear, I'm not satisfied w/the info quality I have............but its crossed in front of me a couple of times.........and I've decided its worth putting out there to see if anyone can either confirm it, or correct it.

Given the current international student and immigration in general is being scaled back drastically and word getting out to people outside Canada not to come here because of the unaffordability here, I would believe this to be very true.

 

[rbt]

Given the current international student and immigration in general is being scaled back drastically and word getting out to people outside Canada not to come here because of the unaffordability here, I would believe this to be very true.

Dropping enrolment isn't a uniquely Canadian thing either. Many USA universities are looking at closing buildings over the next few years. This is both because current high-school students are looking at alternatives, and because birth-rates started dropping in 2007/2008.

But this is graduate student housing right? Enrolment for those is usually tied to spaces the school has available rather than the number of applicants. Maybe they just prefer to rent a room in a house nearby than live on campus.

 

[innsertnamehere]

It was originally graduate housing only, but it has since been opened up to all students.

Gives you a sign of the issues they are having apparently.

The problem is more than just enrollment - this building is simply very expensive.

 

[Northern Light]

It was originally graduate housing only, but it has since been opened up to all students.

Gives you a sign of the issues they are having apparently.

The problem is more than just enrollment - this building is simply very expensive.

This is what I'm hearing, the ask (rent) has been more than most graduate students are willing/able to pay.