Airboy
Senior Member
So the only movement on this one is the slowly deflating crane. One of the cranes must have a hydraulic leak. the boom has been slowly coming down. As of today it is now horizontal. Other than that nothing.
Saint A Square | ?m | 7s | Niche Developments
- Thread starter Daveography
- Start date
Airboy
Senior Member
Only movement on any of these sites has been the removal of Equipment. All that is left is a large crane and a man lift.
Avenuer
Senior Member
I wonder if Niche is just giving up on all of their projects?
IanO
Superstar
Seems like it.
MacLac
Senior Member
What’s thee rent like on a crane and excavator like those? All in $5000/month?
Canadian 001
Active Member
get ready for a flood of properties on the Open real estate market
Vacs
Active Member
I have heard this project is on hold because their structural steel from China was faulty.
likely why their other ones are sitting without any action
likely why their other ones are sitting without any action
northlands
Senior Member
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?
Guy 1
Active Member
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.
Oilers99
Active Member
same thing at their project off whyte.
Airboy
Senior Member
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.
www.stalberttoday.ca
Construction to resume on former Blind Pig site, developer says
Read the full story and comment on stalbertgazette.com
www.stalberttoday.ca
Airboy
Senior Member
All the equipment has now been removed from site.
Airboy
Senior Member
There as been some movement on this site. Snow was cleared and I saw Fortus in removing the street lights.
I also noticed the 99st site was filled in and is for sale.
I also noticed the 99st site was filled in and is for sale.
Airboy
Senior Member
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.
BASE
Active Member
Looks like maybe it is progressing. Will keep an eye on it.
www.linkedin.com
John Clarke on LinkedIn: #thankyou #precastconcrete #structuralsteel #geothermalenergy
FINALLY!! It has been a long 21 months. Today was a large step forward on our project. There are many people and companies to thank for helping us get to…
www.linkedin.com