RSC123 said:
I've already gone through 1 receivership this year so maybe I have a little PTSD. City is also forcing Lamb to tear down 21 John Street in Hamilton and he struggling to find financing. Trying to be optimistic but there are some signs I can't ignore. We will see how fast things pick up
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How do you know about the Lamb struggle for financing?
 
RSC123 said:
I've already gone through 1 receivership this year so maybe I have a little PTSD. City is also forcing Lamb to tear down 21 John Street in Hamilton and he struggling to find financing. Trying to be optimistic but there are some signs I can't ignore. We will see how fast things pick up
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The pace here has been pretty normal, the crane went up in December and they had 5 levels of underground to go through. Now that it's at grade is should start to speed up. They'll probably be on the tower floorplates by October or so and then it will fly up after that.
 
innsertnamehere said:
The pace here has been pretty normal, the crane went up in December and they had 5 levels of underground to go through. Now that it's at grade is should start to speed up. They'll probably be on the tower floorplates by October or so and then it will fly up after that.
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Cool. Looking forward to seeing this completed.
 
RSC123 said:

After a Decade of Neglect, 21 John South to Be Demolished

City of Hamilton gives Brad Lamb’s BJL Properties Inc. 60 days to demolish the decaying building.
thepublicrecord.ca thepublicrecord.ca
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Each project operates under an umbrella corporation so if there is financial/legal issues with one project it wont be tied up with another.
Also Hamilton doesn't like to give out a demo permit without having approvals lined up to build something in its place so a vacant lot doesn't sit there for years. By financing he means for the whole project, which you know developers don't front end 100% of the costs, the financing comes from the banks
 
PaperSun said:
Each project operates under an umbrella corporation so if there is financial/legal issues with one project it wont be tied up with another.
Also Hamilton doesn't like to give out a demo permit without having approvals lined up to build something in its place so a vacant lot doesn't sit there for years. By financing he means for the whole project, which you know developers don't front end 100% of the costs, the financing comes from the banks
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It sounds like the city is forcing the demolition because the building has no roof and is falling apart, not because the developer is ready to move forward.
 
BCTed said:
It sounds like the city is forcing the demolition because the building has no roof and is falling apart, not because the developer is ready to move forward.
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Did I read that right a hotel is planned for this spot?
 
Just about on the cusp of moving skyward. Photos taken Thursday afternoon:

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Bonus pics: the ginormous apartment slab tower (“Fontainebleau”) kitty-corner is having badly needed (See Google Streetview historic images for prior state) balcony replacement and overall gussying up work done. They’ve gone for a several tones of blue paint on the balcony undersides and edges, which I like, and three different types of balcony glazing, which I’m not convinced go together quite right — I love the deep blue tinted panels on the centre balcony, but am particularly questioning the choice for the light blue painted slabs to be paired with 70/30 opaque glass and white metal panels. Wouldn’t full pane panels, like the centre, but in a correspondingly lighter blue have made more sense?

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@Lachlan Holmes nice photos of the neighbouring building. I've been inside there and it was clearly built as a sought-after luxury building, yet has seen minimal work to keep up its good looks in its 50 years of life since, until recently. I love the balcony paint strategy here! Hundreds (thousands?) of 60s/70s concrete apartment blocks are being renovated across the GTHA throughout the past and coming 10 years, and this may be the most tasteful treatment I've seen anywhere yet.

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