30-40 Margaret Ave | 3 fl townhouses | Planned

[Spokes]

I just hope they make some sort of art friendly area near the galleries...we need some sort of centralized cultural area in the city. CITS and KWAG are right there. City hall always has an exhibit going on in the rotunda, and the basement floor of the Central Library has an art gallery. All that empty land on Margaret Ave would have been perfect, assuming the cost to live there was not astronomical.

I suspect this has nothing to do with COVID and more about the project - either underpriced the units and they think they can relaunch for higher prices OR the construction numbers are way off what they expected and the project wont work.

This is typical in larger markets.  I think we haven't seen much of this in KW as-yet.

It has happened in Ottawa, including one company that converted three already under construction projects from condo to rental.  At least the pre-buyers have been spared that in this case.

Wow, how can they justify doing this?  Thats crazy