Saint A Square | ?m | 7s | Niche Developments

I think Niche has spent a lot of money and has not generated much for cash flow. Do they even have a single completed project?
 
These kind of bizarre starts/stops/periods of inaction cannot be making their investors & lenders happy. Even if they can get out of this one alive, I imagine it'll be tough to get investors on board, let alone find a lender willing to fund their future projects.
 
In the mean time the main entrance into downtown St Albert is an eyesore and a traffic mess since 1 lane and a turning lane are closed. they told council they would start work after Mothers day. (What year). No I figure this is a dead project.

 
So I had a better look at work on site. An Excavator and bobcat are working. It appears they are cutting the steel shoring back. They may be just remediating this site so that the road and sidewalk can be reopened. I don't see any real advance on this one.
 

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