10-07-2017, 08:48 PM
(10-07-2017, 07:38 PM)Spokes Wrote:(10-06-2017, 01:20 PM)tomh009 Wrote: Who would have been the best choice, then? And why didn't they buy the property? It's been for sale long enough.
The best choice? Anyone else. My choice...Momentum.
But Momentum chose not to buy the property. If Auburn had not purchased it, we have no idea how long it would have sat unsold -- and undeveloped.
(10-07-2017, 07:38 PM)Spokes Wrote: How long did it take for Barrelyards to start?
1998: Canbar asks for rezoning
2003: Land passes an environmental audit
2005: Canbar sells land to Auburn
2007: Zoning approved by council
2008: Project approved by council
2010: Construction starts
Three years (2005-2008) is within range for a complex development like this one. Construction start was delayed by a year, possibly because of the challenges in securing a hotel tenant.
Arrow 2 and Alexandra have been on the back burner as Auburn has been quite busy on Barrel Yards. Arrow 2 should be under way shortly, don't know about Alexandra.