Metropolis Still in the Works
By 250 News
The Metropolis project for 5th and Quebec Street in Prince George is still alive.
(architectural rendering at left)
Although the sign promoting the sale of the planned condos has long been removed from the site, the City’s manager of the City of Prince George Real Estate division, Ian Wells, says the project is still in the works. “Mr. Ghiai is talking with some contractors to work out some pricing” says Wells.
The project was initially announced in September of 2005. Since that time, the project proponent, Yves Ghiai said he wanted to pre-sell all of the units before starting construction. Then there were some in the community who indicated the construction costs were coming in much higher than had been anticipated. The project calls for high end condos, and street level shopping.
While the City is still waiting for confirmation that Ghiai will proceed with the project, the City of Prince George will be adding a special covenant to the property ,Wells says the title of the property will not be transferred until there is a “performance covenant on the property” to ensure whoever buys the property will not let it sit vacant.
Yves Ghiai says he is still trying to find a suitable contractor at a reasonable price to develop the project "We have had a hard time finding sub trades, they seem to be busy, whether it is the Olympics or not , I don’t know ."
The idea is still a go in Ghiai's mind "We haven’t found anyone who wants to build; we haven’t given up on the idea".
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