It would be the highest-end development in the city next to a homeless shelter. I'm not saying it's the main reason that it hasn't been built, but it's certainly a factor.
Yes the renders look utopian but something that might get built in Toronto which is where the developer (Great Gulf) is based. Way too grand for Calgary given how depressed our condo market has been for the last several years. I don't know if Great Gulf still have plans for that site or whether it is up for sale. They certainly knew it's close proximity to the Drop in Centre before they purchased it.It's gorgeous but let's be honest, those renders were never going to be reality.