30-40 Margaret Ave | 3 fl townhouses | Planned

[tomh009]

That would be fantastic and definitely doable.  They would like the parking lot back there right?

It'll be a (private) park and garden -- including a bocce court!

The parking will be underground, entrance from the end of the building nearest Queen St.

[Spokes]

I thought there was an above ground visitors lot, no?

[tomh009]

I thought there was an above ground visitors lot, no?

I finally located the book ... yes, you are right, there are 16 above-ground visitor spaces, with entry from the opposite side of the building, furthest away from Queen St N.

[jgsz]

Fencing went up last week and many mature trees came down.  It looks like construction will start soon.

   

[Momo26]

That's too bad @ mature trees

[Momo26]

Construction commence?

[westwardloo]

Construction commence?

Last time I biked by the construction fence was gone and no equipment was on site. I think there might be a bit of a delay on this one.

[Momo26]

Bump - equipment on site yet or nah?

[westwardloo]

Bump - equipment on site yet or nah?

Nothing on Site. No construction fencing up currently

[BruceAshe]

Looks like this project isn't happening anymore. https://m.facebook.com/story.php?story_f...oser=false

Sorry for the neighbourhood association Facebook page link, but I can't get any Avenue M pages to work.

[panamaniac]

At least they cancelled this fairly quickly rather than leaving pre-buyers on the hook for years. There are others in the pipeline that I suspect will not go ahead unless/until there’s more certainty in the economy. Shame about the big empty site on Margaret though.

[tomh009]

Even more shame because they already did the grading (and cut down the mature trees).

I don't know what the specifics were of their financing requirements as they did have a strong majority of the units sold already. But I do think this is the first official project cancellation in the region since COVID arrived six months ago.

[westwardloo]

This is an unfortunate cancellation. I really liked the look of these buildings. The units were a decent size too. It seems weird that it has been cancelled, since the first phase sold out rather quickly. The development company must have some financial issues going on. I wonder if they will try to sell the land to a developer. Maybe the city would be interested in purchasing it and developing a decent sized urban park. I am sure the site will have something planned for it sooner rather than later. It is a great location.

[Acitta]

I wonder what this means for other announced projects that have not yet started.

[KevinL]

The location is indeed stellar - something will be built here soon. I'd guess something similar to what was planned, as it has all the planning permissions, but we can't say for certain.