University City - What's Your Opinion - Page 5

shogged · #81 Posted **Oct 23, 2010, 5:21 AM**

2 bedroom from 189000, thats a heck of a deal.

i was going to post a few days ago that london @ heritage has 1 bedrooms for just slighty less than that and is ready to move in now, but a 2 bedroom for essentially the same price is phenomenal!

atlas_inc · #82 Posted **Oct 27, 2010, 3:52 AM**

So is anyone going to the open house tomorrow?

bookermorgan · #83 Posted **Oct 27, 2010, 3:31 PM**

I will not be able to attend.

I did get my "appointment confirmation" email... it was "bring cheques!" and that was about it...

YYCguys · #84 Posted **Oct 27, 2010, 4:48 PM**

It would certainly be a good investment. I wouldn't probably owner occupy though as there will probably be too many renting university students whooping it up. But if you rented it out, you would most certainly recoup your mortgage payments (maybe even more so you could stock pile the extra income for those lean summer months when students scatter to the four corners of the earth)!

kw5150 · #85 Posted **Oct 27, 2010, 5:41 PM**

I want to know wh thought it was "bad for the area" in the poll above.

YYCguys · #86 Posted **Oct 27, 2010, 5:47 PM**

Probably that NIMBY lady who spearheaded the campaign against the Brentwood TOD plan!

atlas_inc · #87 Posted **Oct 28, 2010, 5:36 AM**

Quote:

Originally Posted by YYCguys

Probably that NIMBY lady who spearheaded the campaign against the Brentwood TOD plan!

this forum needs a "Like" button!

I was down at the opening, they weren't selling anything but sales start on Saturday by appointment only (seemed pretty strict on that). The brentwood people seemed pretty happy about the project, many of them were asking if they could buy now but everyone had to register to get their appointment. There is a photo of the inside of the sales centre on the Facebook page.

Oil Baron · #88 Posted **Oct 28, 2010, 3:29 PM**

I recieved an email, as I am sure everyone did with an appointment for Saturday. Then recieved another email asking me to confirm. Obviously a lot of demand for this project. I pasted it below.

Welcome to University City; Calgary's Best Priced Condominiums
Exclusive
Pre-Launch Appointments for Website Registrants Only

University City
would like to thank you for registering to buy a new home.
Your exclusive priority appointment is scheduled for 2:00pm Saturday October 30, 2010.

Due to an extraordinarily large response to the launch of
University City we would ask that you help us by being on time for
your appointment.
We look forward to seeing you at University City.

Should this appointment time not be convenient please contact us and we will do
our best to accommodate your schedule.

Due to overwhelming interest, the sale of homes will be on a first come basis. We ask that you bring 2
cheques, your social
insurance number and photo ID with you when you come for your
appointment
if you wish to purchase. Please make both cheques payable to
the law firm of Bennett Jones; one for 1,000 and one for 4,000.
These will be necessary if you want to secure a new home as we will not be taking reservations.

The University City development team has over 100 years of combined building
experience and 30,000 new homes to their credit.
Our mortgage specialist will be on site to assist you.
It is our pleasure to offer food and refreshments for your visit.

We are located at 3802 Brentwood Road NW.

Deborah Werbowski
Scheduling
Co-ordinator

University
City
403-457-1750
info@universitycity.ca

tdurden5573 · #89 Posted **Oct 31, 2010, 3:13 AM**

I never received an email regarding an appointment, even though I had registerred online, anyone know why that would happen? I'm assuming they didnt send an appointment to everyone.?

I looked online this evening and it looks like everything except the 343sq/ft units are sold, I cant believe this place nearly sold out in 1 day.

Any word on when phase 2 sales will be starting?

bakersdozen · #90 Posted **Oct 31, 2010, 4:50 AM**

Been away this past month but went to get a car wash in the plaza this morning and noticed the eye sore of a sales building... hadn't seen it before. There was a line up of about 40 people outside.

People are crazy to tie their money up this long in advance.

bookermorgan · #91 Posted **Oct 31, 2010, 4:15 PM**

Their Facebook Page says

Quote:

University City PHASE TWO NOW LAUNCHED!
CALGARY REAL ESTATE HASN'T SEEN THIS MUCH EXCITEMENT IN YEARS!

Phase One is no longer available and Calgarians are lining up to buy units in Phase Two in the best and most affordable project in Calgary!

Make sure your friends know about UniversityCity.ca and let's show Calgary that brand new condo living IS STILL AFFORDABLE!

tdurden5573 · #92 Posted **Oct 31, 2010, 4:23 PM**

Quote:

Originally Posted by bakersdozen

Been away this past month but went to get a car wash in the plaza this morning and noticed the eye sore of a sales building... hadn't seen it before. There was a line up of about 40 people outside.

People are crazy to tie their money up this long in advance.

Agreed, however, putting 12,500 in a deposit for 2 years will yield an additional $2000 in carrying costs, which is not a lot in the grand scheme. I get more concerned putting that money into a market that has continually failed to meet expectations. If I couldn't afford to loose the $12K I wouldn't buy until I can get into the unit. In Calgary today there are a lot of good units that are finished. Like most people though, I think this location is perfect.

Has there been any release on the expected condo fees?

unibrain · #93 Posted **Nov 1, 2010, 4:35 AM**

Quote:

Originally Posted by bookermorgan

Their Facebook Page says

Lets hope they've done their homework and this doesnt end up like what happened to Resiance (Gateway Midtown) and Rockford Developments (Skytower)... developers usually play it safe by selling a certain amount of units, build the building, and then sell the rest. The last remaining units are usually more money, where the developer can recoup any money should construction costs go up a little.

Vascilli · #94 Posted **Nov 1, 2010, 5:45 AM**

Quote:

Originally Posted by bakersdozen

Been away this past month but went to get a car wash in the plaza this morning and noticed the eye sore of a sales building... hadn't seen it before. There was a line up of about 40 people outside.

People are crazy to tie their money up this long in advance.

My dad was in that line (briefly) on behalf of my mom, who couldn't be there herself. It was apparently a complete gong show, ie all the 40 people in the line had appointments at 10am. They obviously overbooked a bit too much.

WhipperSnapper · #95 Posted **Nov 1, 2010, 10:35 AM**

Quote:

Originally Posted by unibrain

Lets hope they've done their homework and this doesnt end up like what happened to Resiance (Gateway Midtown) and Rockford Developments (Skytower)... developers usually play it safe by selling a certain amount of units, build the building, and then sell the rest. The last remaining units are usually more money, where the developer can recoup any money should construction costs go up a little.

These guys know what they are doing. Well, I don't know about Knightbridge but the Toronto side does. They're masters at finding ways to cut corners amist rising construction costs. I'm sure they have units in reserve as well.

MichaelS · #96 Posted **Nov 1, 2010, 2:24 PM**

Quote:

Originally Posted by WhipperSnapper

These guys know what they are doing. Well, I don't know about Knightbridge but the Toronto side does. They're masters at finding ways to cut corners amist rising construction costs. I'm sure they have units in reserve as well.

Does this equate to cutting corners on quality?

bookermorgan · #97 Posted **Nov 1, 2010, 2:45 PM**

Should we change the title of this thread now that they are expecting to break ground next year?

heres my idea...
University City | 5 Phase TOD Condominiums | Proposed
??

shogged · #98 Posted **Nov 1, 2010, 11:43 PM**

just got an email from university city with sales numbers

"THANK YOU FOR MAKING UNIVERSITY CITY A HUGE SUCCESS!

Congratulations to everyone who bought a new home at University City.

In Phase 1 we sold 200 of 216 units on Saturday and on Sunday in Phase 2, we sold 125 of 216 units, so far!

Clearly Calgary is very excited about this Transit Oriented Development and we want to thank you for your confidence in what we are building.

Howard Sokolowski and Joe Starkman
Principals
University City"

thats pretty awesome sales numbers, do you think they would build phase 1 and 2 at the same time with sales like that?

atlas_inc · #99 Posted **Nov 2, 2010, 3:12 AM**

Yup, that's one way that they can keep construction costs in check. I wonder what Lawrence would do?

unibrain · #**100** Posted **Nov 2, 2010, 4:59 AM**

Quote:

Originally Posted by bookermorgan

Should we change the title of this thread now that they are expecting to break ground next year?

heres my idea...
University City | 5 Phase TOD Condominiums | Proposed
??

I dont know if they will be starting construction so soon.. I dont believe they've applied for a DP yet.