Quote:
Originally Posted by Claeren
They missed the cycle on those.
As was said, they are already well into building a 3rd building on the south side of the tracks, but the two you are asking about are certainly on hold. By the time it would be good to build they will likely come out with a new design. Not for sure or anything, but 5-10 years (min) is quite a period of time for a design to stay current.
Will likely be more profitable to sell that whole set of buildings to someone else to improve, as often happens from cycle to cycle... it will have turned into the anchor for an entirely transformed Centre St with the Bow, the Bow cultural centre, the Hyatt, the MArriott, and St Germain - there is inherient value there they can cash out on.
Claeren.
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I dont think theyve missed anything with those buildings, the whole complex is designed together, and like I said all three buildings are in the model with an updated cladding on One Palliser. The entire block is designed together so to change just those two doesnt seem to make much sense. The fact that they are on hold probably has more to do with not wanting to build on spec again like they did with Palliser South, since when they would be ready for occupancy so would numerous other new buildings.