Tuesday, March 31, 2009

Danforth on High Ice

Sorry, I couldn't resist. The Bollard reports on the delay in the start of the condo project that is to incorporate car sharing. Considering the shape of the housing market, a $142,000 studio condo might be priced too high.
"Developer Peter Bass said he’s still hopeful banks will “start opening their doors a little bit” and enable his 26-unit project, called Danforth on High, to move forward, but there’s no guarantee that’ll happen.
The 26 studio and one-bedroom condos, priced at $142,400 and up, were considered “affordable housing” at the time. Construction was expected to begin last spring and be completed last fall."

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