12-16-2015, 02:52 PM
Here's a "theory" about why BarrelYards is currently rental-only: The developer wanted the rental revenue now but also wanted to have the option to convert some of these high-rises to condo in the future, say in a couple of years when the LRT comes on stream and [hopefully] property values rise further as a result. Apparently there's some verbiage in the lease agreements that suggests this possibility.
Anyone have anything more authoritative on this? I couldn't find any lease agreements online to look at.
Anyone have anything more authoritative on this? I couldn't find any lease agreements online to look at.