Quote:
Originally Posted by Roughneck
With Windsor, Brittania Crossing and hopefully the 50th Ave development getting off the ground sooner than later that could become a nice little hub of action in the not too distant future.
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It could be. Right now Opus is struggling in leasing up Britannia Crossing, mostly because their rental expectations are way out of whack but I do see some long term potential for the area. One of the problems associated with development is the environment remediation on both of the Windsor and Britannia sites. One used to be a gas station and the other used to be a dry cleaner. Both require a ton of remediation work to pass environmental reports as part of their DP. These cost are ultimately passed onto the tenant through the building operating costs.