Verve | 83m | 25s | Fram | Giannone Petricone

General rating of this project

  • Great

    Votes: 5 13.5%
  • Very Good

    Votes: 11 29.7%
  • Good

    Votes: 16 43.2%
  • So So

    Votes: 5 13.5%
  • Not Very Good

    Votes: 0 0.0%
  • Terrible

    Votes: 0 0.0%

  • Total voters
    37

MichaelS

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Heard on the radio this morning Fram has walked away from the rest of this parcel, forfeiting a $1 million deposit to CMLC. Not an encouraging sign for the continued build-out of EV.
 

Skyriser

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Heard on the radio this morning Fram has walked away from the rest of this parcel, forfeiting a $1 million deposit to CMLC. Not an encouraging sign for the continued build-out of EV.
They also said CMLC is already in talks with a new developer. Anyone know who that is?
 

CCF

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Heard on the radio this morning Fram has walked away from the rest of this parcel, forfeiting a $1 million deposit to CMLC. Not an encouraging sign for the continued build-out of EV.
This actually happened over a year ago - so it's not any sudden surprise. That being said, unless there has been another change in the last month, they're still planning to complete Vibe before they totally exit the EV market.
Even though FRAM walked away from all of their other parcels in EV, I know there was interest right away from other developers.
 

MichaelS

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Well that is good to hear that there is interest from other developers. Surprised CBC has't put up an online article yet (that is where I heard the radio report). I knew Fram was looking to sell their other parcels, but maybe they finally hit a point they had to walk and lose the deposit?
 

Urb

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Nothing mentioned on those particular feeds - thanks for sharing though
 
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