Quote:
Originally Posted by bcedhk
You're probably thinking of Westbank, who has been selling off a number of projects.
Wesgroup's Ardea project was suppose to be their 'luxury' towers along River District. But people have smarten up and realized maybe spending 1.1k+/sq ft for a 500 sq. ft concrete shoebox is not the best purchase afterall.
My guess is they will go to the City, go through a lengthy process to update the legal and bylaw requirements to then transform the site into wood-frame 6 storey rental building.
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The site for Ardea is a constant lake. The sump pumps have been pumping out water non stop the past year and the hole keeps filling up with river water. That site is currently unbuildable.