01-25-2024, 01:00 PM
Other developers certainly have funding available. Otherwise you wouldn't be able to acquire and develop Station Park. Or City Centre. Or the TEK series. Also multiple developers who are choosing to focus on Northdale.
Barrel Yards was for sale long before Auburn acquired it, but no other developer wanted to tackle such a big project. And the same thing happened at Schneiders. Drewlo bought a long-vacant property by Cameron Heights, and a derelict hotel in Waterloo. Vive has been buying mostly smaller properties, although they have a few big ones slated for the east end.
So, if those developers didn't purchase and (plan to) develop those properties, would someone else have bought them? Or would they still be vacant?
Barrel Yards was for sale long before Auburn acquired it, but no other developer wanted to tackle such a big project. And the same thing happened at Schneiders. Drewlo bought a long-vacant property by Cameron Heights, and a derelict hotel in Waterloo. Vive has been buying mostly smaller properties, although they have a few big ones slated for the east end.
So, if those developers didn't purchase and (plan to) develop those properties, would someone else have bought them? Or would they still be vacant?