Quote:
Originally Posted by Simplicity
Sure, but it's all the same development, it's just separated by another project that wasn't able to properly get off the ground. Qualico has been hanging on to those properties for 10 years. They couldn't be deemed a success even with all the Downtown Residential Grant Money that's gone into them.
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Qualico went about 110 in the wrong way, they even admitted as much. Too "high end", especially based on a lack of on-site parking.
132 James was done bargain basement and priced accordingly. There is also available parking on their lot on the corner. Not surprisingly, it has sold well. It also has a better street presence, roof patio, and some unique suites as compared to 110 James.
They have something similar planned for the two remaining buildings on Market, but that part of project is delayed for parking. (Although they did all the exterior brick repairs this past summer/fall).
That Market development looks pretty interesting with a LOT of private roof top areas.
These old buildings take time and money, but once finished you have bullet proof housing for many years to come.