Construction for Tall Ships Landing officially underway

It’s onwards and upwards on Broad Street as construction commenced on the Tall Ships Landing condominium tower, last Thursday morning. A release issued to the media by manager of operations and administration at Tall Ships Landing Developments Inc., Sandra Ryan has confirmed that the developers have made the necessary sales to allow the project to move forward at full speed, beginning with the erection of the first lift of the tower crane, as well as the construction of the podium.

“We are pleased to report that on January 31, 2021 Tall Ships Landing achieved the necessary sales to allow the project to move forward at full speed,” the note began. “Onwards and upwards!”

The message further indicated that the structure is expected to reach the 21st floor by September of this year. 

This is good news for the future of the Maritime Discovery Centre, the proposed $19 million, 27,000 square foot anchor attraction, which is to be built concurrently with, and alongside the 20 storey TSL condo, as per an agreement between company owner and project developer, Simon Fuller and the city. 

The agreement, which was reached between the city and Fuller in January of 2010, was to ensure that the projects were built concurrently and set Dec. 31, 2010 as a "condition date" for project financing, which required TSL to meet two-thirds of the value of unit sales. That date had been pushed back to Jan. 31st by the ongoing talks. Most significant among the sub-agreements in the deal is the agreement of the purchase and sale of the TSL condominium unit, which the city will ultimately own and turn into the MDC.

Negotiations between the city and Fuller over the MDC were recently extended to February 22nd, in order to address some outstanding agreements between the builders and the city on some of the conditions of the tourist project.