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Tuesday, November 18, 2008

Condo Projects Postponed in Vancouver

by Calculated Risk on 11/18/2008 07:15:00 PM

A couple of major holes in the ground in Vancouver, BC, Canada.

From the Province: Bank pulls funding on luxury condo project

A splashy jewel of a downtown condo development ... has been put on hold after a bank pulled funding, the latest in a growing list of failed residential projects.
At the site, a crane sat idle and there was no activity in the partially completed seven-storey-deep hole at the $180-million project that was scheduled to be finished by spring 2010.

Ritz Carlton Vancouver Condo Project Postponed