Which is a shame, because they tend to develop good projects. Unfortunately they prefer to build condos and that market is not coming back in Calgary for a while yet.Grosvenor sold its interest in the 2nd Avenue tower to Cressey. The Calgary branch of Grosvenor closed last summer and was directed by the parent office to liquidate all land holdings.
They have commented that they'll be reopening in a new locationAnju had a broken pipe the week after that really cold snap this winter, they never re-opened. This is a bad deal for them, I like that place though it was definitely pricey!
Would love to see this project move ahead, doesn't sound good if the developer is shopping it though.