Originally Posted by kevinbottawa
Eric Darwin has a post about the meeting between the developer.
He says Mizrahi bought both the Joe’s Audio and Bella Restaurant sites and that Bella will be the tenant at the new building. They'll ask for 12 and 9 storeys because of higher than expected soil remediation costs and they'll be using the same architect that worked on QWest and the other nearby Ashcroft projects.
I read the post and it seems too good to be true. It would be exorbitantly expensive to follow thru everything they claim they will do. No doubt they will sell there condos at exorbitant prices to compensate, but there lies the other problem; Ottawa has a history of having trouble selling ultra expensive condos, look at the last three, 700 Sussex, 90 George and the Re.
Furthermore, in this case (as opposed to the three previously mentioned projects), I'm not sure Ottawans understand the value in a developer that goes all out to keep the community happy while offering super high quality custom homes in condo style (a first in OT as far as I know.
That being said, I'm impressed with their previous work, and hopefully they will be successful in this new experiment for Ottawa.
PS, the fact that they hired the same architect as Ashcroft (Lahey?) scares the hell out of me!