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Great pics, @Bibi L!

Yep, bulk carrier Brant came in from Montreal.

Probably more profitable though: https://commercialobserver.com/2024/07/silverstein-michael-stern-sale-brooklyn-tower/

It's window wall. As it was always going to be.

It was Crystal Blue, not Uptown. Or, as old heads will remember the duo: Cryptal Blown. Surprised you didn't mention the ultimate public-art-dog: Cinema Tower.

*Arcadis*

And?

Geothermal used to allow you to tap into CMHC financing a bit easier, however they've since changed that over to affordability incorporation. Generally you'd only drill for geothermal at the bottom of your pit too, so I'm not sure what they're doing here at this time.

Oof. Here we go...

Conservatively, I would say 50%+ of current not-yet-launched buildings will be exploring that option. It's a lot, but the equity requirements are far tougher so not all of those will go through. Also, getting to stabilization will be tough when so much product is potentially coming on the...

And construction will start shortly after, no? That's how this works, right?

The shitty thing is if you're not going purpose built rental, you need investors for housing starts. But that led to and was perpetuated by terrible, tiny, stupid layouts, designed purely for that purpose. When someone's financial growth is put ahead of the lived experience of those who inhabit...

Yes, sort of. Republic is the Development Manager who is contracted by Silver for a fee to entitle their land. When they are ready to move on the project, they will bring Republic back in on a limited % fee and scope basis, as well as a Construction Manager (Ellis Don, PCL, Reliance, Bluescape...

Republic is not building this as that's not their decision to make. They execute on behalf of the owner, Silver, and Silver, currently, doesn't want to move on it.