Quote:
Originally Posted by The Yen Man
Ah, the great condo boom of 2004-2007, brings back some (bad) memories. I bought originally from Midtown (10th Ave and 4th St SW). Phase 1, 960 ft condo on the 15th floor for a little over 200K back in 2004. Oh how much money I would have made had that actually built. I could have probably sold it for 400K now. Instead, the company (Resiance) went backrupt, Point of View bought it over and then found out the foundation couldn't support any building over 4 or 5 stories, and the whole thing was scrapped. I guess at least I got my 5% deposit back.
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Most definitely not the reason Point of View didn't go ahead, especially considering that Centron is constructing a 10 storey office building on the site now (using the existing foundation).
If memory serves POV was pretty much falling apart around that time, that was the most likely reason they didn't go ahead.