OTIS | 6 fl | U/C

[tomh009]

Bump.  Has this project died?

I am very sceptical of Vive.  Besides a handful of renovations they have built nothing so far as I know.  Almost all their projects have a “Coming Soon” on them.  By the way, Otis was to start in 2019.  Putting a piece of equipment on the ground for a year is NOT the same as construction.

The 242 Queen St S project (on the same block) appears to be moving forward: now that ROOF has moved out, that building has been demolished and they should hopefully be able to engage the subtrades to start excavation soon. Market Flats and American Block are progressing. 270 Spadina renovation project was completed as were a lot (11!) of smaller mid-rise renovation projects.

OTIS construction start is likely waiting for them to sell a sufficient number of units to secure financing, as happens with most condos (remember how long it took for City Centre?). And, in any case, lots of projects have been delayed longer that OTIS: Arrow 2, Barra, Caroline St, City Centre, Electrohome, 36-42 Erb St, 168 King St S, Mayfair, 87 Regina St, Station Park, Sun Life, ...