FCC1982
Active Member
I’ve seen “Toro” vans parked near the site.
It is intended to be a purpose rental if and when the market demand supports construction. Selling condos is not part of One Properties business model. Now it could be a joint venture with a condo developer.I think the third tower was meant to be a condo, not a purpose built rental, so One Properties may just sit on it for a while. The construction of these two towers can still accommodate a third tower on the remainder of the site, but there is currently no permits in place for a third tower, so likely not to move forward for a while.
It is intended to be a purpose rental if and when the market demand supports construction. Selling condos is not part of One Properties business model. Now it could be a joint venture with a condo developer.
This is not correct. ONE Properties develops both for sale condos and rental buildings, depending on market demand. It currently has condos for sale in Edmonton's ICE District: https://www.liveskycondos.com/
ONE also has a few condo projects in the pipeline in Toronto.
Currently there is no market in Calgary for new condos, so they haven't developed any.