11-09-2016, 02:46 AM
(11-07-2016, 09:13 PM)notmyfriends Wrote: When did HIP get involved in the American Standard project? I don't remember them being involved 4 or so years ago when it was originally being sold.
Oct 22, 2015
CAMBRIDGE – New life has been injected into a dormant development in the heart of Hespeler.
HIP Developments Inc. is now taking the lead on the much-lauded redevelopment of Jacob Hespeler’s former mills on the banks of the Speed River.
“Shawky (Fahel) set the stage for us,” said Scott Higgins, president of HIP Developments. “This project has been a long time coming.”
(From http://www.hipdevelopments.com/tags/riverbank-lofts)
You're correct .. Shawky couldn't keep the project moving through the various layers of approvals etc .. and HIP decided to knock down a few more buildings and build a big 6 storey building to simultaneously a) save money on costly renos and b) make more money on units. So with that game plan and so many successful projects they could get it done.