3333 Main Street | 18m | 5 fl | Completed
 

Sales Office opened up today...well not exactly the sales office/display centre, just a trailer with a model. Sales person wasn't able to give out floorplans or pricing yet as he said they are being worked on. He didn't have a lot of information on the project just said to register online and come back in a few weeks. I asked about HST and he said they only give 7% back...hst is 12% so hmmm...... Seemed like he didn't know too much about his own project. Looking forward to see the display centre hopefully they will have more information in a few weeks.

5% would put it back to where it was...

Any updates?
 

Anyone heard anything about updates on marketing materials and when the presentation centre will be opening? I'm wondering if anyone on this forum is going to be buying here.

Can someone provide details (height, status [approved?]) for this project?

:previous: Its approved and under construction. According to the city website its 59' tall with 5 stories.
http://vancouver.ca/ctyclerk/cclerk/...cuments/p5.pdf

Seems like a big project (98 units) to go ahead without any pre-sales.

They have already leased a portion (or more) of the ground floor space so they bank probably didn't need presales to release the first portion of the construction loan. I'd expect sales to start before the crane is installed (or very shortly afterwards).

edit: I'm wrong, crane is up. I still expect sales to begin soon-ish.

Crane's been up for a few weeks, you can see it in this picture I took of the sales centre construction:
http://forum.skyscraperpage.com/show...postcount=2282

Some floorplans now on hoodsurf: http://www.hoodsurf.com/2010/11/04/3...ins-pre-sales/

Looks like @ $570 per sq.ft.

Display centre is now open
 

The display centre opened up today, albeit they didn't seem very organized. The top floor isn't for sale yet nor were floor plans revealed which is kinda strange. Guess they are saving the best for last. Wasn't blown away by the finishings but decent enough for the price. Noticed a few folks with their checkbooks out so whatever units they had sold probably got snatched up. Still scratching my head about why they didn't realease the 5th floor units (they said they didn't even have floorplans for the 5th floor and weren't sure how many bedrooms the units would be).

:previous: I dropped in as well and also found it odd they were holding some units back. Why would I plunk down money on one unit, if a better one might be available later?

Who knows, the developer is still working with the city on changes to the previously approved plan so they are not yet ready to release for sale.

It's not unusual for a developer to hold back units, in fact it's almost standard operating procedure. Sell the weakest units first at lower prices, then release the more desirable units and point to the fact that demand is strong within the project. It's always easy to sell the good units, it's the bad units that are tough to offload.

Pricing
 

There are some units still available. IE: Top floor NW corner unit 2 bedroom for about $800,000 Still too overpriced IMO. They shouldn't be more than $650,000 for this area.

Building is now 30% sold
 

From what I heard from a sales agent they had a smashing opening and 30 percent of units sold. Did anyone buy into this unit? Did you end up paying full price or did you receive a discount..ie HST included?

I must say 30% sold is a little surprising. They have some decent floorplans but I still thought the prices were a little on the high side. Close to $100/sq. ft. more expensive than 33 & Main, prices were pretty much in line with District. Good for Bastion.

i agree that is ridiculous for main street, downtown tis not

From a non-sales agent source, the opening was relatively quiet, though apparently they're about 20% sold. Still pretty impressive. Average pricing is $620 psf which is very high for a woodframe building.

Wow, particularly on Main and 17th or wherever that is.

I think people are trying to buy into Main thinking it will become the next place to be. It's getting quite trendy... I'll give it that.

Pretty sure this is concrete not woodframe.