24-storey D CONDO TOWER set to rise on site of the former Restaurant Dubrovnik
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Hey there, time traveller!
This article was published 28/03/2015 (2750 days ago), so information in it may no longer be current.
Two more big construction cranes should be appearing in the downtown within the next month as the walls begin going up on the long-awaited D Condo tower on Assiniboine Avenue.
Sandhu Developments Inc. president Karampaul Sandhu said the bases for the two cranes, which will each be more than 60 metres tall, have already been installed at the D Condos construction site at 390 Assiniboine Ave. The rest of the units will be arriving within the next few weeks, he added.
He said the plan is to begin erecting the walls for the above-ground parkade, which will take up most of the first five floors of the 24-storey tower, by the end of April.
“The foundation is complete, the grade-beam work is complete, the main-floor mechanical areas and storage areas are complete, and we have poured part of the main-floor parkade slab,” he explained.
Once the concrete slab for the parkade slab is completed, construction crews can then start putting up the walls, he added.
Sandhu said if all goes well, the tower should be completed and ready for occupancy in the summer or fall of 2016.
“It’s about a two-year time frame from when we started,” he said, noting the underground site work began last July.
It was February 2012 when Sandhu Developments announced it would be building a highrise condo complex on the former Restaurant Dubrovnik property. At that time, Sandhu said the company hoped to begin construction before the end of 2012.
He said Friday there were a number of things that delayed the start of construction. The main one was the company needed to pre-sell at least 60 per cent of the 91 units, and that took longer than anticipated. He said they didn’t hit that target until last spring.
“These are massive projects, and when you have pre-sales involved, no one can tell how long pre-sales will take. And that’s a major factor in the timelines,” he said.
“Then you have other issues regarding (building) permits and city regulations… ” he added, as well as tweaks that are often made to the original design plans.
“There are always delays associated with those,” he added. “But the construction timeline hasn’t changed that much. It’s the pre-sale (of the condos) that took longer.”
He also confirmed that several months ago there was also a change in the architect of record for the project. He said he couldn’t elaborate on the reasons for the change, but that it didn’t cause any undue delays.
The D Condos tower will include a mix of two- and three-bedroom units ranging in size from 713 to 1,516 square feet. Although prices for some units started at $300,000, the bulk of them were priced at between $364,000 and $732,000.
Sandhu said more than 70 per cent of the units have now been now sold, the financing for the project has been secured and he’s not anticipating any further delays.