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If this gets cancelled, I hope it's before they demolish one of the nicer looking downtown blocks...
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Yeah I imagine they have too much invested at this point. Just to get this far costs hundreds of thousands of dollars. Would be a waste to just cancel it all after they've had the building designed, engineered, paid for all the heritage consultants, applications, wages and so on.
I think it will be like many other projects right now, unofficially on hold until the macro economic situation of the world changes.
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So the 2 towers on Borden are the last towers that need to be approved? Hopefully We will hear about new developments or it's going to be a boring 2024.
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07-04-2025, 12:41 AM
(This post was last modified: 07-04-2025, 12:45 AM by Square.)
Walking on Canada Day to watch the fireworks, I noticed a box like a hydro transformer at the back on Charles with IN8 safety cones around it. Hmm, wonder what they are up to? Also the other site they own across the old transit terminal has been empty and for lease sign up for quite awhile now.
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Walked by today, looks like they are just storing them. Maybe from the Francis site.
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The idea was to preserve the facades facing Queen, and nothing beyond that, I believe. So long as those can be stabilized I don't see an issue.
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What started it, homeless squatters? That used to be a massive problem in the 90s.