In a recent government meeting, significant updates on various development projects were discussed, highlighting progress and future plans for the area.
The closing of Parcel E with Red Ridge Development is set for November, with construction anticipated to begin in December, although the timeline may be adjusted due to the holiday season. The AC by Marriott element of the Westin hotel is expected to reach its topping out stage in the coming months, with an ambitious opening date targeted for October 2025, potentially ahead of schedule.
Additionally, the Southernland Tower and mid-rise developments are progressing well, with the tower now ahead of the mid-rise in development. Both projects are projected to open by the end of 2025 and in spring 2026, respectively.
Plans for a new medical office building on Parcel JK are also underway, covering approximately 70,000 to 90,000 square feet. While the identity of the anchor tenant remains undisclosed, the development team is actively engaging with several developers to secure the best proposals for the remaining space on Parcel JK. The focus is on mixed-use developments, with proposals ranging from condominiums and apartments to office, retail, and hospitality spaces.
Furthermore, negotiations are ongoing for an extension with Droc for PQ, which could extend their requirements by another year to 18 months. The meeting concluded with optimism about the future of development in Symphony Park, as stakeholders look forward to seeing these projects come to fruition.