https://static1.squarespace.com/sta...-CMLC-Business+Plan+2019+Update+(Digital).pdf
So I came across the East Village Business Plan for 2019. Some key points I got from this+my views;
1. The sluggish economy is finally starting to take a toll on the much immune till date East Village. I think a lot of speculation and hype helped push the East Village through the oil collapse 2014 onwards but now a bit of reality is starting to set in. Looks like there won't be any new ground breaking residential towers/buildings this year (unless "Vibe" comes through with sales)
2. Vibe by Fram + Slokker is going to be 10 storeys. CMLC does expect the launch of sales this year which is great news. If they can manage to sell enough units then this one could be a sweet surprise that may break ground this year!
3.BOSA's Arris hasn't committed to a launch date yet for its first tower. The smaller tower will be 26 storeys and CMLC is expecting it to hopefully launch when RioCan Centre(I believe thats the podiums name) opens in Q1 2020. Sales could potentially launch this year. It sucks though because I was betting on this one to break ground this year. I was hoping the developers would make it a rental.
4. 'The Corner' by Interloq is going to break ground this year. This was that food court proposed by our ex-Mayor last year. Not to excited for it but I can live with it.
5. M2 will be completed in the summer, no tenants confirmed yet.
6. 9th ave Parkade will swing into full construction mode (steel, formwork, foundation etc.) in spring and is expected to be completed by Q4 2020
Overall, IMO, this is the slowest year for East Village since the initial boom began in the area. Its always nice to see more residential/office towers break ground but the economy/markets a buzz kill. At the very least I was hoping for a small rental project to move forward. Still plenty of action to see in EV that was begun last year like M2 getting completed, the Parkade getting some real construction action, plus theres the Food court by Interloq getting under way sometime this year. Also CMLC will start shifting a lot of their focus towards improving Victoria Park and the finalizing of the BMO centre, hopefully an Arena too. I also hope Arris' and Vibe's condo sales go strong so it can bring some confidence back into East Village. Would hate to see it just stall out and be forgotten as people turn their attention towards Victoria Park.