Putting on the Ritz
Construction was halted on Vancouver’s premier property yesterday…
Advertising signage around the site was missing and construction trailers had been removed from the site.
Bob Rennie, who markets the project, said 50 per cent of the condominium units were pre-sold.
“I’ve just been instructed by Holborn (building’s developer) to make it clear that it is a suspension of construction until they go through redesign,” Rennie said Tuesday.
This makes it the tenth development canceled lately, causing a wee bit of concern in Vancouver’s booming high rise development.
But, as we all know, the Olympics are coming. Prices for condos should continue to rise.
Get out and buy before it’s too late.
(Ritz homes are priced from $2.5 – $10 million. Penthouse pricing available upon request)