Mississauga Lakeview DXE Club | ?m | 12s | VANDYK | Kohn

[Tim MacDonald]

Demolition has begun.
October 23rd

 

[just east of the creek]

Drove by the site this morning. All buildings removed (MGI Apparently), and the site is cleared. No equipment on site.

Also, across Dixie, again at the east corner of Dixie and Lakeshore, this site is also cleared. No equipment seems to be on Site.

And driving down Lakeshore, with its wide roadside verges (especially to the south aside), I cannot but think...streetcar....streetcar...streetcar all the way to Port Credit. But Doug Ford would probably insist that it be tunneled through PC so perhaps not.

 

[UtakataNoAnnex]

To my limited understanding of this is that there is a sales gap between demo and shoring/excavation prep where developers wait for potential buyers to fill their coffers until they have more funds to proceed with the project. And a sales office might be erected on site during that time to encourage such filling of said coffers...presuming this is not all a rental.

 

[NW87]

Aerial from November 5th

 

[Tim MacDonald]

April 23rd

 

[SRAMP]

Vandyk won't sell or build anything. They are already in so much financial trouble. Please find these articles for more details.

https://www.cbc.ca/news/canada/toronto/preconstruction-project-delay-brampton-1.7000430

Toronto builder’s projects stalled as construction woes mount

Vandyk Properties has secured hundreds of millions of dollars in loans to rapidly expand in recent years, but work on a half-dozen Vandyk projects has stalled

www.theglobeandmail.com

 

[Tim MacDonald]

December 16th. Gonna be this way for a while.

 

[NW87]

Over on the West side of Dixie, still no activity.

 

[NW87]

One excavator delivered to this site sometime this weekend.

 

[NW87]