Winnipeg | 185 Smith St | Smith Street Lofts - Page 13

pspeid · #**241** Posted **May 11, 2023, 5:45 PM**

Quote:

Originally Posted by Biff

Sounds like they need more units. If only there was a property nearby they could obtain for a decent price and build more.

I wonder if they would consider taking over and finished the St. Mary building.

optimusREIM · #**242** Posted **May 11, 2023, 6:08 PM**

^ That would be a dream

drew · #**243** Posted **May 11, 2023, 6:13 PM**

^ I would suspect there is many months, possibly years of legal'ish things to work out before anyone can just swoop in and start building that place again.

BKB · #**244** Posted **May 11, 2023, 7:22 PM**

Quote:

Originally Posted by drew

^ I would suspect there is many months, possibly years of legal'ish things to work out before anyone can just swoop in and start building that place again.

D Condo wasn't years for it to start up again. Let's hope this can be resumed soon.

drew · #**245** Posted **May 11, 2023, 7:51 PM**

^ I don't think it was the same process (I could be wrong tho).

In this case, there is a bankruptcy and many millions of $$ that are outstanding to several suppliers/consultants/contractors.

It's way messier than D Condo, where the bank took it over after there was concerns about delays, cost over runs and that the developer could not finish it.

Jeff · #**246** Posted **Aug 5, 2023, 4:15 PM**

From today's Free Press talking about the new cafe Lavanda opening up in the building in Sept.

Quote:

She’s hunkering into a 251-unit apartment building that was fully leased in June, according to the property’s owner. Smith Street Lofts opened last year, replacing a Manitoba Housing site.