Condo Buyers Needed for Project
By 250 News

The future of the Metropolis One development slated for the block at 5th and Quebec lies in the hands of potential buyers.
(architectural concept drawing provided by Ghiai Development Corporation)
Project developer, Yves Ghiai says he would like to start construction at the end of the summer, but it all depends on pre-sales of the condos which are part of the development. “Obviously, if no one buys, the project will not be able to go ahead” says Ghiai who says financiers want to see how the pre-sales go before finalizing their commitment.
The City has already looked at drawings for the project, and there was an issue with the lay of the land. Part of the lot slips below the flood plain. “That has been resolved” says Ghiai who added the matter involved a two foot difference between the sidewalk and the approved level of the retail floor.
The project calls for 16 high-end condos, five retail/commercial spaces and an enclosed ground level parking structure.
This is not the only project planned by the Ghiai Development Corporation. The other is at 2nd and Quebec and involves 65 rental condos, designed with students in mind, above 30,000 square feet of retail space. The status of the second development is very much dependant on the success of Metropolis One. “We are working on that project” says Ghiai who adds “We do want to see it go ahead, and it will, the minute this project (5th and Quebec) gets off the ground.”
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I don't want to be downtown during the day let alone at night.
I hope there are lots of locks on the windows and doors. And armed guards wouldn't hurt either I suppose.
Maybe they should have a study to make sure that this is the way to go. Might have to change their minds again like everything else they have looked at.
My opinion.