Winnipeg | 300 Saint Mary Avenue | 14F | Mixed-use Apartments

[bomberjet]

I would expect, at minimum, there are still building maintenance people who monitor the site during this bankruptcy period. So it could just be them draining out the basement from all the rain.

[WinCitySparky]

Hoping the GST freeze on new apartment builds will strongly motivate a buyer to build it as envisioned

[dmacc]

Originally Posted by WinCitySparky

Hoping the GST freeze on new apartment builds will strongly motivate a buyer to build it as envisioned

Didn't the NDP announce they would also freeze the PST on housing starts? That would really help offset the increase in interest rates.

[bomberjet]

No PST on rental starts. So yes, there would be no GST or PST. I'm not sure how or if that would apply to this project since it's already 1/3 complete.

But overall I would say that's a huge incentive.

[lotw_wpg]

Supposedly, it was bought, so we will see what happens.

[optimusREIM]

Originally Posted by lotw_wpg

Supposedly, it was bought, so we will see what happens.

That would be huge news indeed.

[FactaNV]

Originally Posted by optimusREIM

That would be huge news indeed.

What's the source? Great news if true!

[yellowbean]

Originally Posted by lotw_wpg

Supposedly, it was bought, so we will see what happens.

Surprising considering the rising interest rates and construction costs but if true thats incredible

[lotw_wpg]

I looked into this more from my source. Supposedly, from what I was told, offers came in, and they are not accepting any more offers and are reviewing them. So it's not officially "sold," but they will accept one of these offers.

[yellowbean]

Originally Posted by lotw_wpg

I looked into this more from my source. Supposedly, from what I was told, offers came in, and they are not accepting any more offers and are reviewing them. So it's not officially "sold," but they will accept one of these offers.

Ok interesting! Good to know that there IS interest at the very least.. cant wait to hear some more news about the matter

[Unbending]

Exciting to hear ‘offers’ in plural. Hopefully the new buyer won’t have to deviate too far from the original design to make the project work.

[Atrial78]

Great to hear! I wonder if the measure to waive GST is playing a role in the interest.

[Flatland Metropolis]

Originally Posted by lotw_wpg

Supposedly, it was bought, so we will see what happens.

Very interesting, as others have said, hopefully they do not deviate too much from the old design. Watching with interest.

[trueviking]

^ don't count on it. It will likely change quite a bit...probably not for the better.

[drew]

^ first casualty.... that expensive brick!

[bomberjet]

We're going to end up with a dull grey box.

I assume the precast is sitting in a storage yard somewhere and will be used for the project. As that would seemingly be the cheapest/easiest way forward to getting the building up.

[ColdRain&Snow]

Originally Posted by bomberjet

We're going to end up with a dull grey box.

I assume the precast is sitting in a storage yard somewhere and will be used for the project. As that would seemingly be the cheapest/easiest way forward to getting the building up.

Mid-Century Modern revival? Is that a thing yet?

[WinCitySparky]

Originally Posted by drew

^ first casualty.... that expensive brick!

I’m guessing it will be chopped to a half dozen stories or less

[pspeid]

Didn't take long to go from "great news" to 'this'll be a disaster"...

[WinCitySparky]

lol gotta temper those expectations you know