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SOMBA K'E/YELLOWKNIFE - The main players in the construction of the 92-unit Bayview Estates project are creating a plan to complete the long-awaited Niven Lake townhome complex - but remain tight-lipped about delays.

James Clark points to the destined site of Bayview Estates in 2004, now five years in the making. - NNSL file photo

Both the city and Edmonton-based developer Bond Street Properties confirmed negotiations to finish the building are ongoing, but wouldn't give any information on what agreement may be reached.

"We're in discussions right now with (Bond Street) in terms of some options to allow the program to move forward," said Jeff Humble, director of planning and development.

"There are a whole bunch of players involved," he added.

"We're moving ahead with the deal," confirmed Maurice Yusep, Bond Street senior vice-president.

"But there are some things that have to be done and we're working closely with the planning department to do those things."

Bond Street acquired the land in 2003, but construction has yet to be completed. There are about 16 people who have put down payments on units and are waiting, said Humble.

"Everybody wants to see the property built and people residing there," he said.

As for the delay: "It's simply coming from bond Street. I can't say other than I trust it's financial aspects that they're going through."

The Yellowknife building isn't the only Bond Street property caught in delays. The developer has another contract in Fort McMurray to build two highrise towers.

The first development permit there dates back to 2006, but lapsed after nothing had been done in the allotted time. In this case, Bond Street received a re-issuance of its development permit after giving proof that several contracts had withdrew their bids, resulting in delays.

As far as Yellowknife goes, though, "I don't want to say anything before it's in the public domain."

"In about 30 to 40 days we should know more," he said.