Hamilton The Design District 41 | ?m | 31s | Emblem Developments | Arcadis

ProjectEnd said:
Is there still work going on here every day?
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Why would you question this? They are pretty much sold out on two of the towers from my understanding. Is Emblem having problems behind the scenes? I assume sales at the third tower are ridiculously slow.
 
Wonder aloud if the work underway looks to include Tower 3 , or is it just the podium for all three being done together?
 
Today
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KingJames said:
Wonder aloud if the work underway looks to include Tower 3 , or is it just the podium for all three being done together?
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From knowing some people very heavily involved on the day to day workings of the site tower A and B are being built as is since they've sold enough in both of those buildings, tower C is an entirely different story though. As of a few weeks ago they were considering not building C and just stopping with the podium, however they were also considering building it on spec, so tower C is still very much up in the air.
 
ZEBuilder said:
From knowing some people very heavily involved on the day to day workings of the site tower A and B are being built as is since they've sold enough in both of those buildings, tower C is an entirely different story though. As of a few weeks ago they were considering not building C and just stopping with the podium, however they were also considering building it on spec, so tower C is still very much up in the air.
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That would be incredibly disappointing. Hoping they can hold off a bit longer and sell the units.

It's too bad Emblem doesn't seem interested in rental units. The rental market in Hamilton is incredibly lucrative for investors and it's a benefit to both because investors stand to make money, and we need rental supply.

Investors aren't doing individual rentals right now because of interest rate hikes, but large scale developers have access to rates and capital that individual buyers simply don't. I'm surprised that there aren't more rental towers proposed or started right now considering the King William Urban Rentals will likely be fully occupied by the time anything starting today is finished. The only thing I can think of is the Core Urban build at James and Barton.

Hopefully they can sell enough here to start and perhaps sell them as they are finishing or finished like 75 James St.
 
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