[Dartmouth] King's Wharf (16 Kings Wharf Place) | 85 & 49 m | 27 & 15 fl | U/C - Page 52

Jstaleness · #**1021** Posted **Mar 7, 2012, 1:22 AM**

These 2 buildings alone grab your attention from most view points in Halifax. I was in Summit Place today and when you look over to Dartmouth this is the first thing that grabs your attention whether you want it to or not. The Tower can only add to this.

pblaauw · #**1022** Posted **Mar 7, 2012, 3:41 AM**

The first two towers are now visible on Google Maps, as is the Trillium, and probably others that I haven't checked.

The quality of the sat. images is poor, but it's updated. Oh, and the airport parkade is also visible.

hoser111 · #**1023** Posted **Mar 7, 2012, 3:43 AM**

According to the News letter sent out today, only 6 units left in the Keelson and Aqua Vista is already %30 sold. Impressive!

Also makes one wonder why other proposals like the Alexander have not moved forward. There seems to be an appetite out there.

someone123 · #**1024** Posted **Mar 7, 2012, 4:05 AM**

Quote:

Originally Posted by hoser111

Also makes one wonder why other proposals like the Alexander have not moved forward. There seems to be an appetite out there.

It does seem like a great time for the Alexander. Maybe we'll hear about it soon.

Hopefully they'll uncover the restored Keith Hall facade soon as well.

halifaxboyns · #**1025** Posted **Mar 7, 2012, 3:13 PM**

Wow, those are impressive stats for how well this development is doing. Certainly supports the position I've felt for a while: HRM is under built for urban condoes in the regional centre.

I wonder if the group that could be doing the brewery is still running into financing problems? There were a number of projects which we heard were starting up but have run into financing hickups since.

worldlyhaligonian · #**1026** Posted **Mar 7, 2012, 5:37 PM**

Quote:

Originally Posted by halifaxboyns

Wow, those are impressive stats for how well this development is doing. Certainly supports the position I've felt for a while: HRM is under built for urban condoes in the regional centre.

I wonder if the group that could be doing the brewery is still running into financing problems? There were a number of projects which we heard were starting up but have run into financing hickups since.

I doubt its financing, it wasn't that long ago that they finished Salter's Gate... plus its obvious that work is going on with the facade.

someone123 · #**1027** Posted **Mar 7, 2012, 7:27 PM**

For condos don't you normally see them try to pre-sell the units in order to obtain financing? As far as I know the Alexander has not been marketed at all. I figured that was because they'd prefer to wait until they could be sure to sell units at a reasonable rate.

Jstaleness · #**1028** Posted **Mar 7, 2012, 11:39 PM**

I will be near this again on the weekend. I will look out for starting signs of Aqua Vista and Big Sea. We have to assume that they won't technically rise until the first 2 no longer need a crane?

kph06 · #**1029** Posted **Mar 10, 2012, 9:08 PM**

They are starting to shape up the breakwater for the future marina with the most recent infill, photos by me from today.

Greenguy · #**1030** Posted **Mar 14, 2012, 1:31 AM**

Your photos show the Keelson all buttoned up with windows from ground floor to the penthouse. Sadly no windows for the Archorage building, which was up first, but is rental apartments not a condo. Does this reveal a soft rental market?

kph06 · #**1031** Posted **Mar 14, 2012, 1:38 AM**

Quote:

Originally Posted by Greenguy

Your photos show the Keelson all buttoned up with windows from ground floor to the penthouse. Sadly no windows for the Archorage building, which was up first, but is rental apartments not a condo. Does this reveal a soft rental market?

I would say its more a rush to get people who have paid a deposit on their condo, once they take up residency and the condo permit is approved the developer gets his money, and profit. The condo is money up front, where the apartment is a long term investment. So it makes sense he is pushing to free up capital for the next phases.

Greenguy · #**1032** Posted **Mar 14, 2012, 4:08 PM**

Yes, I thought this was the case, but with buildings B C and D (Keelson, Big Sea and Aqua Vista) all being condos, why start the construction with the apartment at all then? Why not wait to build Anchorage until after the condos are up, cash is in-flowing, and the the community established in order to then attract the long term returns of a rental market?

HRM · #**1033** Posted **Mar 14, 2012, 5:23 PM**

Quote:

Originally Posted by Greenguy

Your photos show the Keelson all buttoned up with windows from ground floor to the penthouse. Sadly no windows for the Archorage building, which was up first, but is rental apartments not a condo. Does this reveal a soft rental market?

The Keelson actually topped out well before the Anchorage.

Greenguy · #**1034** Posted **Mar 14, 2012, 11:49 PM**

I see from the Kings Wharf website they are now advertising leases for Anchorage apartments, so I guess they expect to get working quickly on Anchorage.

kph06 · #**1035** Posted **Mar 15, 2012, 11:55 PM**

Quote:

Originally Posted by Greenguy

Yes, I thought this was the case, but with buildings B C and D (Keelson, Big Sea and Aqua Vista) all being condos, why start the construction with the apartment at all then? Why not wait to build Anchorage until after the condos are up, cash is in-flowing, and the the community established in order to then attract the long term returns of a rental market?

Apartments have been fairly easy to get financing for compared condos during the economic slump in the last few years. This development is mostly financed through the developer and his friends and family, I assume much of that money would have been eaten up the site work and one building. So maybe they got bank financing for the Anchorage, then used the family/friend financing for the Keelson to avoid the hold ups with the pre-leasing banks require? The Aqua Vista was suppose to be office space, but they switched to residential due to the commercial slump - presumably they could have done rental or condo once this switch was made. I would assume the success of the Keelson led them to believe they could go condo.

kph06 · #**1036** Posted **Mar 26, 2012, 1:11 AM**

Here are some photos I took today:

And the view of Halifax from the site:

fenwick16 · #**1037** Posted **Mar 26, 2012, 4:27 AM**

Quote:

Originally Posted by kph06

Here are some photos I took today:

And the view of Halifax from the site:

Thanks for the pictorial update.

I like the last shot (Halifax skyline). It will be interesting to see more cranes (Waterside, Nova Centre, TD Tower expansion ...). Hopefully something will happen with the TexPark site soon.

Chadillaccc · #**1038** Posted **Mar 30, 2012, 4:45 AM**

Wow they actually look pretty great for prefab! The second tower went up super quick. Anyone know when and which tower is going up next?

someone123 · #**1039** Posted **Mar 30, 2012, 5:13 AM**

Next up I think is Aqua Vista (condo) and an apartment building -- basically two more buildings like the first two. I would guess that they'll be starting soon.

Here's the Aqua Vista rendering:

from kingswharf.ca

I agree that they look good for precast. With good design it is possible to build nice buildings even without high-end materials. There isn't a good excuse for ugly projects.

kph06 · #**1040** Posted **Apr 3, 2012, 7:29 PM**

This is up at Community Council for a few changes, mainly Building D from commercial to residential. Judging by the report below, it looks like Building C will have a different look than originally proposed. It was supposed to be a clone of the Keelson, but judging by the reworked renderings it seems to be a blend between Building D and the Keelson.

Case 17308