As it is now, they've given me a tentative date of June 2018 but that will more than likely change. I'm in a condo across the street and the builder at the time, Conservatory group delayed me 3 times.I'm not that fussy tho , this will be a rental for me but as far as I'm concerned, the sooner I take occupancy, the better. I bought on the fifth floor, 9 foot ceilings but I think that is std throughout the building except where it doesn't permit that height. I think penthouses in Beacon will have 10 for ceilings.
The June 2018 delivery date, you could probably put right in the bank. Sorbara group seems to have their act together and should be able to deliver by promised delivery,... as long as the next few Winters aren't too brutal, also ground water level probably higher since there was probably like a creek or something to the north in the past.
Thus, 3 years for construction of Beacon seems right, as long as developer and builder are competent and not designing/redesigning on the fly like Bazis with EmeraldPark. It took Tridel 3 years to build their South Tower for Hullmark Centre which is also 35 storey with retail, amenity and office podium (July 2010 demolishing, digging started around Oct 2010 and occupancy in Dec 2013),... only major difference is they had direct subway connection.
BTW, just like investors like yourself buy condo units to rent out,... other investors buy retail spaces to rent out, usually only small units as developer want more control over larger retail space and who their anchor tenants are. It's hit and miss for retail space investors as WorldOnYonge Mall is way in the back away from Yonge Street, thus lots of those still sit empty looking for tenants, EmeraldPark had many Chinese retail space investor since those spaces were set up like PacificMall with Loblaw's T&T as anchor but now with it'll be Adonis,... retail investors will need to find different type of tenants,..
Street level retail at Beacon will be on Yonge frontage, north and part of south perimeter. St.Lawrence Market type retailers (Butcher, Cheese, Fish, Bakery, Deli - food court) will be inside on north side with options to expand into the open space to the north (ie Farmers Market in summer on certain days of the week) - that is set in stone and won't change, it can`t! For the rest of the retail space, something like AsianLegend or that Vietnamese Pho place might return but God forbid if that discount women clothing store returns. Rumours of a small footprint urban type Sobey coming to the area and it wouldn't surprise me if Beacon is the location,... but then again, you might get another H-mart going in, like on every other block in North York Centre.
