Progress continues on The Wellington at Island Park: although this month's original occupancy schedule has been pushed back to March 2012, purchasers have been receiving appointments to pick out interior finishes (along with the usual sticker shock that comes with any requests for upgrades or changes).As expected, buyers have been taking an increased interest as construction proceeds, and delayed occupancy has already seen some units re-assigned from the original purchasers, as well as the sale of a unit the developer had held back for rental. I imagine a good number will further come up for sale in the spring.
Lastly, there is the question of the two remaining penthouse units, equaling 2790sqft in unsold space. Logic would dictate that the builder rework these floorplans into smaller units: what actually happens remains to be seen, but one would hope that Theberge avoids the penthouse fiasco up the road at 150 Caroline.
