What do you think of this project?

  • I like it a lot

    Votes: 25 58.1%

  • I like it

    Votes: 17 39.5%

  • I neither like nor dislike it

    Votes: 0 0.0%

  • I dislike it

    Votes: 1 2.3%

  • I dislike it a lot

    Votes: 0 0.0%
  • Total voters
    43
Sold it for $79.4M. Plus got 4 years rental income out of it plus that’s probably $20M than it cost to build. I’d say Autograph got the good end of the deal!
www.capreit.ca

CAPREIT announces $194 million in new acquisition and disposition activity - Canadian Apartment Properties REIT

Canadian Apartment Properties Real Estate Investment Trust announced today that it has completed two non-core dispositions in Canada for combined gross proceeds of $96.8 million, in addition to closing on the previously announced 717-suite sale in Montréal for $103.8 million. CAPREIT also...
www.capreit.ca www.capreit.ca
 
^ A word of caution -- developers do not take cash windfalls into a scenario where they apply out-of-pocket funds to new developments -- they try to leverage their holdings to the largest extent possible and cash in the jeans just means that the door to the bank is open wider today than it was yesterday.
 
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David A said:
Could do well in this area, but the pervasive suburban mentality here has trouble conceiving of something without a drive through, even though it seems to work well in many other places.
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Disagree - Farrow just up the street seems to be doing just fine.
 
David A said:
Is Farrow considered a fast food chain? If not I think the main part of my point was missed.
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Farrow absolutely serves fast food. As do the donair/shwarma restaurants in the area. As does Banh Mi Day close by on Jasper Ave.

This serves as a model for what can be done in the neighbourhood without a drive-in.
 
Tropical said:
Farrow absolutely serves fast food. As do the donair/shwarma restaurants in the area. As does Banh Mi Day close by on Jasper Ave.

This serves as a model for what can be done in the neighbourhood without a drive-in.
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Not trying to be disagreeable here, they may be a model and perhaps something like this will go in this space.

Before somewhere, it might have been here or elsewhere, A&W was mentioned, so it was something like this I was thinking of when I made my comment.

To clarify, I am not saying it can't be done, but that such chains or their local franchisees (if applicable) may not feel it will work.
 
David A said:
Could do well in this area, but the pervasive suburban mentality here has trouble conceiving of something without a drive through, even though it seems to work well in many other places.
Click to expand...
This city really has to start thinking that being in a car endlessly isn't the be all and end all of life.
 
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