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  1. M

    General Construction Updates

    Dinosaurs are cool even mechanical ones.
  2. M

    Urban Development and Proposals Discussion

    $140 million is crazy cheap for 1.4 million square feet. The Bow sold for $1.25 Billion for 2 million square feet a few years ago. Sitting on the space could pay out better than a massive conversion.
  3. M

    Glenmore Landing | 115m | 35s | RioCan | NORR

    They are dense medium rise cities with a welcoming scale. This development is not remotely comparable. It's increasing overall density in the area by piling it all in one spot. These will fill up with population growth and that seems to be the barometer of success on this forum. The long term...
  4. M

    Kings by LaCaille | 113m | 35s | LaCaille Group | S2

    That's what was inferred by serious issues. The construction cost per square foot has risen beyond mortgages by traditional lenders for large scale housing. Everyone is talking about the prime rate and housing development but, in my understanding, it's a complete non factor when it comes to a...
  5. M

    Kings by LaCaille | 113m | 35s | LaCaille Group | S2

    My first mortgage was 15%. I just smile at 5% being astronomically high. There are serious issues with the upfront costs for developers not proceeding without federal insurances that 50bps won't remedy. There's also that matter of whether Canada can really afford it should defaults start to...
  6. M

    Hampton Inn by Hilton | 56.08m | 17s | Triple One | NORR

    A hotel is a commercial build. All steel. No concrete core. That's uncommon for office construction too.

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