YongeBloor
Active Member
Shot December 26, doesn't look like its under construction just yet.
Hamilton 188 Cannon Street East | 106.6m | 33s | Vantage | Arcadis
- Thread starter Branden Simon
- Start date
jta5
Active Member
I didn't get a photo but I was shocked going past the site yesterday to see that it truly is under construction now! They have a pile driver and some other heavy equipment working on site, wrapped by well designed promotional render hoarding.
Canuck905
Active Member
Wish they started on the James Street site first, but this is really positive news!
Milaisacat
Active Member
Echoing this. I was happily surprised to see the high-quality hoarding going up recently, now with great looking graphics, but my jaw actually dropped when I saw a secant drilling rig onsite to start the shoring and excavation process. All this for a very handsome project, too.
Chris R.
Senior Member
Agreed, but perhaps construction of this will allow them to finance the construction of the other site. Having an asset as collateral for he loan, in addition to future rental income coming in to pay down the financing.
jta5
Active Member
More likely I suspect is that they determined this site to be a good candidate for rentals, which a market exists for, and James St a better candidate for condos, which there is no market for. If that's the case, I wonder if Vantage might swap Connolly to rentals too as the real estate downturn persists.
KingJames
Active Member
Honestly, I would love the James S property to move forward as a higher quality rental. With 75 James S nearing completion as a condo, think there is a large number of units already available.