Quote:
Originally Posted by DoyleRulez
This is a question for JROCCA:
When is the expectation for shovels to hit the dirt and construction to start on the second half of the harbourfront residences project?
Hopefully this spring.
Are you expecting a shorter timeline now that you have been run through the ringers on the first portion?
The second Cruise Terminal will certainly be a nice addition to this end of water street as well. It must be comforting for the unit owners to know , at least this portion of their views will never be obstructed.
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Our focus at the moment is to complete the construction of phase 1 and sell the remaining condos. The market will then need a year to digest the sold condos that will come on the market from investors and others that need to sell because of illness or death that has intervened from the time they purchsed.
Only then can one realistically estimate if there is enough excess demand to start phase 2 right away or whether we need to wait for market demand to catch up.
Given the time frame inolved in developing these projects, I doubt I will be the one developing phase 2.
Phase 1 took 11 years from the first concept we had for that site years before the City called for proposals.When we first dreamed of a project on this site there was no 9/11; no Iraq war, no Afghanistan war, no economic recession, no financial crisis, and google was a scientific term and Itunes,Iphones and Ipads were not words that flowed off your tongue.
I am 64 years old. I no longer have the stamina,time or interest to be doing these difficult, complex and time consuming projects.As the saying goes, "been there,done that".
Like a good soldier, I plan to fade away.I will recalibrate my time to spend more of it with family and friends; work on smaller projects that interest me and do volunteer work.