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You know development announcements have slowed when we've resorted to people complaining about how someone does or doesn't reply to a comment. Lol
Pro tip: feel free to reply however you want |
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It's a pretty valid complaint when you're only commenting a sentence or a few words but the comment you're quoting is several large photos. also causes unnecessary server strain. you can easily edit the images out of your quote.
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85% sold out in 5 hours. They've cancelled their grand opening sales event now, as it won't be needed.
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^^ that is incredible, well done.... nothing super inspiring here, must give pause for thought on some more profile sites in the downtown. Would so love to see a mid rise development on the south east corner of King William and James (x Zellers). For sure it would sell out just as fast.
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Does anyone know how much units are going for?
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Units are priced from roughly $275k to $460k. 484sqft to 788sqft.
Parking spaces a $39k. |
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The fees for the paradigm development are 54 or 58 cents per square foot. They have a pool, hot tub, sauna, running track, weight room with olympic bars, and a 3/4 basket ball court. |
Easier to bring costs down over that many units.
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Has this project sold all the condos?
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Just checked realtor.ca and one of the ads for a unit says construction starting summer 2018.. |
I mean I have nothing against Micheal, but it seems a lot of the developments he works on fall through as well, or disappear. The Jamesville lofts "nearly sold out immediately", but then the website hasn't been updated since like last year, and it still says stuff about a March 2018 sales event.
Seems like a lot of developers are looking at Hamilton but are trying to gamble these plots of land and developments like stocks and wait until they can get maximum profit instead of starting once they've got their money. 85% sold out is massive, and if that is the case, they should start building immediately because they know there is a market and they should be purchasing and building asap, instead they are building slowly to keep the costs of units artificially high. I believe this to be an agreement among all developers to maintain a high cost to real estate in Ontario. There are only a few developers that I don't think are doing this, Darko being one, but he waits until his stuff is built apparently to sell, unless I am mistaken about 20/22 George in that the building is nearly finished and no units have been sold. |
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