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  #101  
Old Posted Oct 4, 2021, 3:11 PM
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Jonovision Jonovision is offline
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I too am very curious why Killiam decided to do this. If I am still on the DAC when these come forward I will ask and report back.
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  #102  
Old Posted Jun 14, 2022, 4:02 AM
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Renderings for the new proposal called Aurora & Eventide. Both Marco Group and Killam REIT say construction will begin this year. Aurora will have 65 units and Eventide will have 55 units. Renderings are from Marco's website.

EVENTIDE (westside)



AURORA (eastside)

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  #103  
Old Posted Dec 31, 2023, 4:51 PM
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The Eventide building permitted has been submitted.

New Building - In Review - 1540 CARLTON STREET, HALIFAX - $22'000'000 - Residential Use - 54 Units - 9 Floors
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  #104  
Old Posted Jan 1, 2024, 2:37 PM
worldlyhaligonian worldlyhaligonian is offline
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Quote:
Originally Posted by Dmajackson View Post
The Eventide building permitted has been submitted.

New Building - In Review - 1540 CARLTON STREET, HALIFAX - $22'000'000 - Residential Use - 54 Units - 9 Floors
Shame about scale, but will add much needed density in this area. There are a surprising number of surface lots.
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  #105  
Old Posted Jan 1, 2024, 9:41 PM
Colin May Colin May is offline
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Quote:
Originally Posted by Dmajackson View Post
The Eventide building permitted has been submitted.

New Building - In Review - 1540 CARLTON STREET, HALIFAX - $22'000'000 - Residential Use - 54 Units - 9 Floors
Unit cost : $407,407 and I assume that does not include the cost of the land.
Don't know how this helps the housing market. Any estimate of potential sales price ?
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  #106  
Old Posted Jan 2, 2024, 3:08 PM
Arrdeeharharharbour Arrdeeharharharbour is online now
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Quote:
Originally Posted by Colin May View Post
Unit cost : $407,407 and I assume that does not include the cost of the land.
Don't know how this helps the housing market. Any estimate of potential sales price ?
Is it fair to say that your expectation is that these units will remain empty?
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  #107  
Old Posted Jan 3, 2024, 4:02 PM
kzt79 kzt79 is offline
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Quote:
Originally Posted by Colin May View Post
Unit cost : $407,407 and I assume that does not include the cost of the land.
Don't know how this helps the housing market. Any estimate of potential sales price ?
It helps by adding badly needed supply. These buildings will be full, with waitlists. Yes, they should be much larger, that is true.
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  #108  
Old Posted Jan 3, 2024, 9:19 PM
Colin May Colin May is offline
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At TD a 5 year fixed high ratio mortgage is 5.44%. A 95% mortgage of $386,650 is circa $2,400 a month plus property taxes circa $4,400 a year.
If it is a rental the monthly costs will be higher with annual increases. Add in the cost of the land and we are looking at units that would eat up a large proportion of after tax income unless it is occupied by a couple. If it is a condo the building becomes less attractive to many younger working couples. An annual income of $100,000 per couple would make the building somewhat attractive.
Perhaps someone can post the cost and size in recent new builds.
We would like to sell and move to Avonhurst but the nagging question is always " Will the money run out before we die ? "
A tough time for young people.
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  #109  
Old Posted Jan 4, 2024, 1:18 PM
worldlyhaligonian worldlyhaligonian is offline
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It would be great if Eventide could proceed as the squat building and the original proposal for the Aurora could proceed.

It was a beauty:



Other renderings of the current plan:

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  #110  
Old Posted Jan 4, 2024, 5:35 PM
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teddifax teddifax is offline
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I don't understand why they changed from the original design to now a much smaller building and far less attractive as well.
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  #111  
Old Posted Jan 4, 2024, 5:39 PM
kzt79 kzt79 is offline
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Quote:
Originally Posted by Colin May View Post
At TD a 5 year fixed high ratio mortgage is 5.44%. A 95% mortgage of $386,650 is circa $2,400 a month plus property taxes circa $4,400 a year.
If it is a rental the monthly costs will be higher with annual increases. Add in the cost of the land and we are looking at units that would eat up a large proportion of after tax income unless it is occupied by a couple. If it is a condo the building becomes less attractive to many younger working couples. An annual income of $100,000 per couple would make the building somewhat attractive.
Perhaps someone can post the cost and size in recent new builds.
We would like to sell and move to Avonhurst but the nagging question is always " Will the money run out before we die ? "
A tough time for young people.
These will almost certainly be rentals.
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  #112  
Old Posted Jan 5, 2024, 3:55 PM
Jreeb Jreeb is offline
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Originally Posted by kzt79 View Post
These will almost certainly be rentals.
There was an article in AllNS today that mentions rent would most likely be more than $2,000 per month for a mix of studio, one-bed, and two-beds since the cost per unit is upwards of $500,000.

Killam apparently plans on having lower rental rates/smaller units at its next building at the south end of Hollis. Anyone know which one they are referring to?

It also mentioned they plan on redeveloping the Medical Arts building at 5880 Spring Garden before moving on to the Aurora building.
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  #113  
Old Posted Jan 6, 2024, 2:24 PM
worldlyhaligonian worldlyhaligonian is offline
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Quote:
Originally Posted by Jreeb View Post
There was an article in AllNS today that mentions rent would most likely be more than $2,000 per month for a mix of studio, one-bed, and two-beds since the cost per unit is upwards of $500,000.

Killam apparently plans on having lower rental rates/smaller units at its next building at the south end of Hollis. Anyone know which one they are referring to?

It also mentioned they plan on redeveloping the Medical Arts building at 5880 Spring Garden before moving on to the Aurora building.
Wild news as there have only been vague outlines of this Medical Arts development in the background of other proposal renderings.
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  #114  
Old Posted Feb 14, 2024, 4:51 PM
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  #115  
Old Posted Feb 18, 2024, 9:30 PM
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There is excavation equipment on site and a blasting permit has been submitted.
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  #116  
Old Posted Sep 28, 2024, 3:17 PM
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  #117  
Old Posted Oct 25, 2024, 4:24 PM
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This crane was going up yesterday.
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  #118  
Old Posted Oct 30, 2024, 3:12 PM
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