nightstreak
Active Member
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.
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.