Plug pulled on Five Points condo project in downtown Barrie
BARRIE, ONT. -- The 20-storey, 208 unit condominium development that was meant to redefine luxury in downtown Barrie has been shelved. The developer and its financial partner pulled the plug, blaming the pandemic and several lockdowns for disappointing sales. In an email issued to those who did buy a unit, Advance Tech Developments president Joseph Santos wrote in part, "Although the project got off to a good start, COVID-19 has proven to be a hurdle that the project cannot overcome." It continued, "The state of emergency with on-again, off-again lockdowns and restrictions have hampere...
Source: barrie.ctvnews.ca