Maybe they are doing some soil examination.
Unless they have some really innovative or blockbuster of a development, in this slowing market I'd doubt that they will fulfill their goals.
Seems like condos (no matter what design or quality) being sold in this entertainment district are selling like hotcakes.![]()
Daniels has done, at least, two condo-townhouse projects in the burbs on 100% spec basis. Targeted at first time homebuyers they do not even put these projects "FirstHome" on sale until the buildings are 100% complete....doubt they would be that aggressive with a downtown condo tower but it shows that they think outside the box in terms of pre-sales and that they have lender support in doing so.
http://www.danielsfirsthome.ca/home.html
The Mississauga Erin Mills phase 1 (150 units or so) location sold out in a matter of hours, I suspect phase 2 will be the same.