Hi Everyone:
The work at 294 Richmond East does continue. As someone else rightly pointed out in response to the article this weekend, this building is not The Modern – in fact it’s not even a condo. It is a relatively small in-fill project that includes two small retail units on the ground floor, office space on the 2nd floor and rental apartments above. The 2nd Floor is leased and the new Tenant is commencing their leasehold improvements (finishes) in the next week or so. I believe they have been awaiting their city permit. The retail space has gotten quite a lot of interest from various typical small “chain†stores but the owners are particular about the type of tenant they choose. They would like to lease to a retailer who adds to the quality of the building rather than a sub shop or something. Finally, the finishes for the apartments above have been chosen and work will commence shortly (in fact I believe it started in the last week). The units should be available for occupancy by April/May. They are very appealing two-storey units ranging in size from 800 – 1150 sq.ft. Some have access to roof top decks. My company is beginning to market them now. Since this is not a condo building there has not been the usual rush to completion but the building should be complete and occupied by the summer.
If anyone has more specific questions please feel free to contact me directly.