Benito
Senior Member
Yesterday.
Ground breaks on 55C Bloor Yorkville Residences
Ground breaks on 55C Bloor Yorkville Residences - REMI Network
MOD Developments launched 55C Bloor Yorkville Residences one year ago, and is now set to break ground on the 48-storey condo this week.www.reminetwork.com
Well, we are technically in a recession (despite record high housing prices).I walked past that event. I haven't gone to ground-breaking ceremonies since 2010 but this one seemed particularly discounted. Random pile of dirt in the corner, no carpets or boards (so plenty of ladies stumbling in heals on gravel, and a tiny gelato kiosk.
Well, we are technically in a recession (despite record high housing prices).
Construction cost are actually on the rise due to shortage of different construction materials.All the more reason to celebrate; they have locked in sales and potentially a slightly lower than expected construction cost.
MODs Waterworks building may be a little more fragile but the timing seems pretty great for them on this one.