CaptainSkyhawk
New Member
Looks like Junxion is slated to open for the Summer: https://www.newswire.ca/news-releas...-the-ultimate-guest-experience-808224392.html
Has anyone also heard that Erin Mills TC has been sold? Saw that CBRE made a recent LinkedIn post announcing of the sale.
Thanks NL!Yes, the OPB sold the mall, said sale closed on January 31st, 2023.
The buyer is the HBNG: Holborn Group.
To my understanding, if you look under the hood, this group is affiliated to/led by Pemberton.
Want to hear something funny...........that's who sold it OPB back in 2010.
They bought the asset back as a discount to what they sold it for............ not so funny if your pension is dependent on OPB returns...
What stopped OPB from participating in the intensification of the site with residential? Sheesh.
Here comes 20k condo units. Of course, why build 20k condo units on the Milton line at a new Eglinton station when you can do it 2km away from the Milton Line instead, as well as 1.5km from the Transitway station.
Pemberton has done a decent amount of the tower in the park buildings in this area so it's not great hearing they are involved... really hope they do something good with the land
I suppose sacrifices and therefore mistakes, had to be made. I think this project will be one that looked great on paper but ends up flawed in execution.This area always feels like an afterthought in terms of development... very disappointing they've dropped the rooftop patio. Who is to blame, Cineplex or the mall ownership? I guess the pandemic situation just threw it to the wayside
I agree, it's sad that they decided to drop the patio and the second floor in-general. Seems like the project was scaled back, if I had to guess due to COVID and costs maybe. Would have been a neat concept. The Winnipeg location also doesn't have the patio/outdoor movie showings. My guess is that Cineplex decided to change things up. From my understanding there will still be some entertainment inside though. Can see some of the benches coming up in pics I took a few days ago.I suppose sacrifices and therefore mistakes, had to be made. I think this project will be one that looked great on paper but ends up flawed in execution.