Friday, September 11, 2020
Now that we’ve been able to communicate with our purchasers, partners, and brokers, it is with sincere regret that we are announcing to the public the cancellation of our Avenue M condominium project.
Current market conditions and the uncertainty of the pandemic have rendered the financing of this project unviable. Consequently, we are unable to move forward to construction. We sincerely apologize for any inconveniences this cancellation may have caused.
All Avenue M stakeholders have been notified of this cancellation, and purchasers have been fully reimbursed. We are grateful for the support of the community and interest in this project, and know this cancellation is extremely disappointing. It has always been part of Activa’s mission to have our community’s utmost trust, and we will continue to prioritize this as we build quality homes and outstanding communities across the region.
At this time, the future of the site is being reviewed but no decisions have been made.
Geoff McMurdo –Vice President, Business Development