Sdosani said:
im kind of surprised given the lack of condo sales recently...I figured the only way they would take it back was if they thought they could sell it for higher than I paid? Maybe they think they can...who knows.
Click to expand...
My assumption would be it's for a material change in fit and finish, which would likely bring lawsuit from owners.
 
Collingwoodbuildinglover said:
The 2028 occupancy makes more sense now starting to wonder if they have even started on the fit out of the residential units and if they might possibly be reorientating them to more market-friendly sizes such as one bedroom and two bedrooms
Click to expand...
That is exactly what they are doing. Reducing the number of units and making them larger. The bank has deep pockets and it makes sense for them to slow down, redesign the suites for release in what will hopefully be a better market down the road 2 years. They are giving us purchasers a first right to purchase in the new redesigned tower (NOT!). They will be announcing a new hotel and relaunching sales in mid to late 2026.
 
Civdis said:
That is exactly what they are doing. Reducing the number of units and making them larger. The bank has deep pockets and it makes sense for them to slow down, redesign the suites for release in what will hopefully be a better market down the road 2 years. They are giving us purchasers a first right to purchase in the new redesigned tower (NOT!). They will be announcing a new hotel and relaunching sales in mid to late 2026.
Click to expand...

I've been wondering what they're waiting for to lease the retail and hotel since they look ready to be taken over and now it makes perfect sense that they haven't been leased. Tridel is going to start a business plan from scratch with a built tower around making the financials work, instead of trying to catch up to a plan from a decade ago.

The only thing that doesn't make sense is not taking the chance to maximize the height to have more room to work with and make back more of the investment. Adding 10 stories to an already under construction tower with the engineering to support it can't be that much more expensive and they'd have more revenue potential.
 
A few zoom pics from the plane a couple days ago. As best as my phone could take.
PXL_20251024_220233930.jpg
PXL_20251024_220240609.jpg
PXL_20251024_220230775.jpg
PXL_20251024_220005535.jpg
 
You must log in or register to post here.

Back
Top