The Market Flats | 7 fl | Completed

[tomh009]

That is what I have been wondering as soon.

My take on these permits with the status "letter sent" is that the city has received the building permit application but has not begun to review the application. I am thinking that the developers are putting in the paperwork to essentially start the process for the tax exemption and then now can develop or not the project according to their timeline.

The permit has to be issued by the end of February, though.

The developer could delay once the permit is issued, but the cost to get to an issued permit (site plan and building permit approvals) is substantial.