Toronto Bellwoods House | 45.5m | 13s | Republic | Arcadis

The College Street location is considered to be an expansion for Pennies:

 
I'm embarrassed to say I've never been to Pennies. The moment the weather is patio friendly, one of my many booty shorts will be getting planted there!
 
Looks like completion of this condo is deferred again to at least March 2028 as per this website. More time for Pennies!

No further progress on permits approval from the city. Only Demolition permit of the car rental business has been issued.
 
There is clearly (and understandably) no push to move this one forward as currently conceived.

NOAC was never issued here, and no new files since '24

New Build permits show no activity since '24, none are issued or pending.
 
crazy that this project is so well located (not taking into account size and layouts here) and has only sold 7% of units and is still active. surprised it hasn't been officially cancelled and reworked.

Inexperienced developer who were not a proven name in the industry and missed the boat on when the market was more robust. If they launched the project a few years earlier then they may have had a chance.
 
Inexperienced developer who were not a proven name in the industry and missed the boat on when the market was more robust. If they launched the project a few years earlier then they may have had a chance.
totally agree, just saying that even in this market... this particular building performed terribly relative to everything else despite having many redeeming qualities.
 
Inexperienced developer who were not a proven name in the industry and missed the boat on when the market was more robust. If they launched the project a few years earlier then they may have had a chance.

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I know someone who bought a unit here and he said the completion date was deferred to 2029. I’m surprised that the developer hasn’t cancelled the project. Where do you get the information that it only sold 7%? Don’t most precons get cancelled if they don’t sell 75% by a certain date?
Urbanation tracks pre-con sales relatively accurately from my experience. this is where that % was taken from
 

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