75 James Street South | 108 m | 34 fl | Under Construction

lachlanholmes · #1 Posted **Jun 30, 2022, 2:27 AM**

Quote:

Originally Posted by Innsertnamehere

Hmm. Wonder why the switch. Doesn’t bother me much either way, but I do question how many condo units can be absorbed at once downtown with this launching and 41 Wilson. Combined they are over 1,500 units... then there are the other projects in the wings with imminent launches like Corktown, 71 Rebecca, City Centre..

Keep in mind we don’t really know when they are selling. As far as I am aware, Cobalt hasn’t actually had a single unit sold, but the signage has been up for 2(?)+ years now.

I imagine it could the same thing here. Spend a few years collecting names, and then sell when the building is, or is close to, completion — and when the market is likely to have gone up further. If you’re like LiUNA and have the money to build without pre-sales… why would you sell for less?

king10 · #2 Posted **Jul 1, 2022, 1:45 PM**

Quote:

Originally Posted by lachlanholmes

Keep in mind we don’t really know when they are selling. As far as I am aware, Cobalt hasn’t actually had a single unit sold, but the signage has been up for 2(?)+ years now.

I imagine it could the same thing here. Spend a few years collecting names, and then sell when the building is, or is close to, completion — and when the market is likely to have gone up further. If you’re like LiUNA and have the money to build without pre-sales… why would you sell for less?

Isnt cobalt rental apartments?

lachlanholmes · #3 Posted **Jul 1, 2022, 9:09 PM**

Quote:

Originally Posted by king10

Isnt cobalt rental apartments?

My understanding is one of the towers is a rental, and the other a condominium.

TheHonestMaple · #4 Posted **Jul 1, 2022, 10:30 PM**

Quote:

Originally Posted by lachlanholmes

My understanding is one of the towers is a rental, and the other a condominium.

Pretty sure that was the plan originally, but now it's all rentals.

lachlanholmes · #5 Posted **Jul 2, 2022, 2:16 AM**

Quote:

Originally Posted by TheHonestMaple

Pretty sure that was the plan originally, but now it's all rentals.

I haven’t heard anything about a switch, and for what it’s worth, their website still gives you the option of indicating interest in a rental unit or a condo unit - but it may well could’ve changed.