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Move in day for Capital Pointe still two years away

Project Managers say they're waiting on a permit to start construction on Capital Pointe. Global News

The first shovel is expected to hit the ground in the next two months on a much anticipated downtown condo project.

Capital Pointe planners say they’re updating construction drawings and are awaiting a permit from the city to begin digging.

The $70-million project has experienced several delays after first being announced in 2010.

Work will begin with the excavation of a five storey underground parking garage.

“That whole process will take about a year,” said the project director Greg Black. “By May of next year, 2015, we’ll be back up to ground level with a secure foundation that includes all the underground parking. Then we’ll start building into the air.”

Project planners say the first residents will be able to move in by late summer 2016.

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