Peak Tower | 99.06m | 23s | Lighthouse HM | Davignon Martin

[archited]

@Nosirrah so nothing on HVAC and general Building?

 

[Avenuer]

@Nosirrah so nothing on HVAC and general Building?

Not that I could see, unfortunately.

 

[archited]

^^^ Not to despair -- those would be the elements with the greatest review criteria in a hospitality venue, so they may well still be in plan-check.

 

[IanO]

Hearing that this one might be on hold/being shopped.

 

[bodsbods9090]

Hearing that this one might be on hold/being shopped.

No surprise at all.

 

[Avenuer]

The ownership group is pivoting to roughly 230 residential apartments - unsure if rental or condo (likely the former).

 

[_urbanite]

The ownership group is pivoting to roughly 230 residential apartments - unsure if rental or condo (likely the former).

Not a bad thing. We could use more residential on that section of Jasper Ave

 

[IanO]

Indeed, but (*COVID) a Hyatt there would have been both the benefits of a hotel ie. greater come/go traffic and area spending along with long-term suites. That said, I hope work continues for the area needs this kind of injection versus the current injection types.

 

[northlands]

Just hopefully a decision is made sooner than later... having a ghost building on an integral part of Jasper Ave in DT sucks, and having it idle for years waiting on direction would be brutal.

 

[archited]

I can see financing for Hospitality being extremely tough right now.

 

[ThreeEquation]

Any new information on this project?

Personally, this Hyatt and Tower 101 are the most exciting and the ones I’m hoping for more news that they’ll be moving forward this year

 

[IanO]

Hearing residential still, but also quietly on the market.

 

[IanO]

 

[Edmcowboy11]

So I guess this one has hit a roadblock. Drove past it yesterday and it almost looks abandoned.

 

[IanO]

It has indeed.