10-02-2015, 10:30 AM
I think it is very normal for condo construction to go over-time. This is not a 'waterloo issue'.
The unique problem with student housing is they promise them for September 1 - when the semester begins. People then rely on them for their housing and are out of housing when the developer pushes back a month or two (or more).
In 'standard housing' (ie non-student) it is rarely as big of a deal when something pushes back a bit.
And for the record 144 Park is not about construction delays, it is a developer who went bankrupt.
The unique problem with student housing is they promise them for September 1 - when the semester begins. People then rely on them for their housing and are out of housing when the developer pushes back a month or two (or more).
In 'standard housing' (ie non-student) it is rarely as big of a deal when something pushes back a bit.
And for the record 144 Park is not about construction delays, it is a developer who went bankrupt.