SOHO Champagne [111 Champagne Ave S] | 66+82m | 22+25f | U/C

[ortelius]

I took this last week

[sam2020]

Does anyone know what that building to the left of the Soho is?

[McC]

Domicile's HOM with a bar on the O.

[Urbanarchit]

*

[waterloowarrior]

Fire at the construction trailer last night, arson suspected according to CBC Ottawa

[c_speed3108]

Originally Posted by S-Man

Hey, a new Mercedes-Benz would really improve my lifestyle...and image!

Take my money!!

The which car is mine search in the parking garage in the morning is going to be amusing with everyone driving the same car.

If they really want to have fun they should make them all the same colour and do-away with reserved spots

[S-Man]

The which car is mine search in the parking garage in the morning is going to be amusing with everyone driving the same car.

If they really want to have fun they should make them all the same colour and do-away with reserved spots
Reply With Quote

"Excuse me, sir, I do believe you're trying to unlock my Mercedes-Benz CLA."

"By jove! I daresay you're right!"

"No hard feelings, old chap."

"Righty-O."

[MattRichling]

Here is a link to the CBC article...

http://www.cbc.ca/news/canada/ottawa/lux...ite-fire-considered-suspicious-1.2583928

[TOexpat]

The reason they are offering this type of promotion is so they don't have to lower the total stated cost of units, which would truly tick off previous purchasers. This way they can maintain existing prices and make it seem as though values have not dropped, when in fact they have dropped. Only way to try and spur sales without actually dropping the price, which is what is necessary. Value of the promotion is only around $15000, so doubt that many people are getting that excited. Cost also much less for the developer as they would have gotten a nice deal and can still write off the costs of each car. Other developments are also offering a lot of goodies right now, which is just more proof of how soft the condo market is softening.

Originally Posted by Jim613

And looking at the specific page for this promotion (sohochampagne.com/mercedes wich forwards to skycollection.ca/terms)...



Declarant = builder; Lessor = buyer

So, the builder will give the money to the buyer so that the buyer may get the lease. If this is in one installment, not bad. But if it's a month-to-month thing, I wonder what happens if the builder comes up short on the funds or if there is a delay

Also, wonder where these funds are coming from...hopefully not from the reserve fund which is often underfunded by the time the condo board takes over


And this one made me laugh...



So the buyer may or may not be driving a rolling billboard for 3 years


If I was one of the next 12 buyers, I'd just request an equivalent discount off my unit. Less $$$ to mortgage and less CMHC premiums to pay.

[YOWetal]

Originally Posted by waterloowarrior

Fire at the construction trailer last night, arson suspected according to CBC Ottawa

Poor sales and then a fire. Interesting.

[sam2020]

Originally Posted by YOWetal

Poor sales and then a fire. Interesting.

I would not say the sales are poor the first 15 floors have done good sales wise.

[TOexpat]

Well weren't the first floors sold when there was actually a tonne of demand for condos? The lack of units sold on the newer releases is pretty pathetic.

I wonder how many of the folks on the lower floors will walk away if the developer misses its deadlines??

Originally Posted by sam2020

I would not say the sales are poor the first 15 floors have done good sales wise.

[sam2020]

Originally Posted by TOexpat

Well weren't the first floors sold when there was actually a tonne of demand for condos? The lack of units sold on the newer releases is pretty pathetic.

I wonder how many of the folks on the lower floors will walk away if the developer misses its deadlines??

People need to keep in mind that there has been around 13,000 public sector lay offs in Ottawa thats a big factor.

[J.OT13]

But creating jobs is government's #1 priority!!

[sam2020]

Originally Posted by J.OT13

But creating jobs is government's #1 priority!!

No but when any citys does lose a good amout of jobs it has a impact.

[Skipper]

Does anyone know what the sequencing for the two remaining Soho towers to be built in the Preston/Civic Hospital Area will be?

Given how they are having difficulties selling some condos at the Soho Champagne Phase I, what is the likelihood of Champagne Phase II and Soho Italia to be built?

A number of amenities, namely the kitchen, the wine tasting room, the change rooms, steamrooms and saunas, the Soho Theater and the lap pool are all part of the Champagne Phase II.

One would hope that Mastercraft Starwood will focus on Phase II of Soho Champagne prior to moving on to the Soho Italia

[S-Man]

I would much rather they focused on Soho Italia! It would remove an eyesore of a lot while adding a landmark to the dow's Lake/Little Italy area.

I just want ONE of the proposal tall towers to go forward in that area, and Italia stands the best chance of seeing the light of day.

[Boxster]

Why only one? The area needs density.

Originally Posted by S-Man

I would much rather they focused on Soho Italia! It would remove an eyesore of a lot while adding a landmark to the dow's Lake/Little Italy area.

I just want ONE of the proposal tall towers to go forward in that area, and Italia stands the best chance of seeing the light of day.

[S-Man]

Don't get me wrong - I'd prefer they all go ahead.

I said this because in a time when condo sales are struggling and/or stagnant, I'd prefer to see Soho Italia built instead of Champagne 2.0 (if there were only enough condo buyers to fill one building).

[Harley613]

This thing is just flying up!