Calgary Condo Talk - Page 17

Spring2008 · #**321** Posted **Oct 14, 2014, 5:29 PM**

Quote:

Originally Posted by Jimby

University City has now sold a phenomenal 695 units. Building 4 (green) is 90% sold.

Impressive, they should be launching the two N3 towers in EV soon, as construction start is estimated for spring.

Surrealplaces · #**322** Posted **Oct 14, 2014, 5:35 PM**

Quote:

Originally Posted by Jimby

University City has now sold a phenomenal 695 units. Building 4 (green) is 90% sold.

I'm not at all surprised. It's an excellent area for that kind of development. I'm betting that UC's success will spur on more development for the area. IIRC Knightsbridge has a plan with RioCan to develop a couple more towers where the Liquor Depot is after UC is done.

Jimby · #**323** Posted **Oct 15, 2014, 5:37 AM**

Quote:

Originally Posted by Spring2008

Impressive, they should be launching the two N3 towers in EV soon, as construction start is estimated for spring.

I bet N3 sells fast.

Jimby · #**324** Posted **Oct 15, 2014, 5:40 AM**

Quote:

Originally Posted by Surrealplaces

I'm not at all surprised. It's an excellent area for that kind of development. I'm betting that UC's success will spur on more development for the area. IIRC Knightsbridge has a plan with RioCan to develop a couple more towers where the Liquor Depot is after UC is done.

I wonder how the NIMBY I mean Brentwood community feels about University City now that it is half built? Is it as bad as they feared? Have they been able to adjust? Are there parking and traffic issues?

Surrealplaces · #**325** Posted **Oct 15, 2014, 3:41 PM**

Quote:

Originally Posted by Jimby

I bet N3 sells fast.

I bet the same thing. I think that tower will sell out super easily.

Surrealplaces · #**326** Posted **Oct 15, 2014, 3:42 PM**

Quote:

Originally Posted by Jimby

I wonder how the NIMBY I mean Brentwood community feels about University City now that it is half built? Is it as bad as they feared? Have they been able to adjust? Are there parking and traffic issues?

As someone who is around that area all the time, I can tell you that nothing has changed from what I can see. I have noticed any traffic increase whatsoever.

Full Mountain · #**327** Posted **Oct 15, 2014, 6:11 PM**

Quote:

Originally Posted by Sands

WHy were the issues with that contract?

Just that the developer has all the power and can push dates unilaterally, request more money, etc. and the only way out for the buyer is to sacrifice the deposit. Oh and there's no guarantee that you'll get what you were promised, i.e. they can compromise on quality if they feel like it.

J-D · #**328** Posted **Oct 17, 2014, 3:34 AM**

Quote:

Originally Posted by Jimby

I bet N3 sells fast.

It'll be interesting to see how it goes - no parking is pretty new territory for Calgary. I think there's enough of a market but it seems a lot riskier to me, especially when taking resale into account.

Spring2008 · #**329** Posted **Oct 17, 2014, 3:44 AM**

It'll sell fast based on low price point/location. Investors and hipsters will pick them up fast lol

Jimby · #**330** Posted **Oct 17, 2014, 3:50 AM**

Car2Go makes buying and storing (parking) a car obsolete so the residents of N3 may not own cars, but they won't necessarily be car-less.

J-D · #**331** Posted **Oct 17, 2014, 3:56 AM**

Quote:

Originally Posted by Jimby

Car2Go makes buying and storing (parking) a car obsolete so the residents of N3 may not own cars, but they won't necessarily be car-less.

It makes a big difference but it's not foolproof. I don't think I'd want to pay $85 for a car2go to visit a friend who lives outside of the home zone for a couple of hours. I don't ski/snowboard but I hike on weekends in the summer and that's a bit of a dealbreaker too.

Jimby · #**332** Posted **Oct 17, 2014, 4:00 AM**

Quote:

Originally Posted by J-D

It makes a big difference but it's not foolproof. I don't think I'd want to pay $85 for a car2go to visit a friend who lives outside of the home zone for a couple of hours. I don't ski/snowboard but I hike on weekends in the summer and that's a bit of a dealbreaker too.

Budget Rent a Car is at 6 ave and 1 St SE for occasional weekend rentals which is way cheaper than car ownership.

RyLucky · #**333** Posted **Oct 17, 2014, 4:31 AM**

Quote:

Originally Posted by J-D

It'll be interesting to see how it goes - no parking is pretty new territory for Calgary. I think there's enough of a market but it seems a lot riskier to me, especially when taking resale into account.

My guess is that 100% of sales will be either first-time buyers or investors, both of whom might be openminded to sans-parking. Living without a car in Downtown is pretty easy.

Surrealplaces · #**334** Posted **Oct 17, 2014, 4:53 AM**

Quote:

Originally Posted by RyLucky

My guess is that 100% of sales will be either first-time buyers or investors, both of whom might be openminded to sans-parking. Living without a car in Downtown is pretty easy.

Agree. There will be a lot of young first time buyers...many of whom already live life without a car. I don't think they'll have any issue at all selling the units.

J-D · #**335** Posted **Oct 17, 2014, 4:54 AM**

Quote:

Originally Posted by RyLucky

My guess is that 100% of sales will be either first-time buyers or investors, both of whom might be openminded to sans-parking. Living without a car in Downtown is pretty easy.

I think the price and target market is probably pretty bang on. It'll certainly be cool to see how things go and if more developers follow suit.

I really just can't bring myself to open up to the idea, but hell if I lived downtown... I'd be able to spend all the time I save commuting counting the money I'd save not paying for a car, insurance, gas, and parking.

Surrealplaces · #**336** Posted **Oct 17, 2014, 4:55 AM**

Quote:

Originally Posted by J-D

It'll be interesting to see how it goes - no parking is pretty new territory for Calgary. I think there's enough of a market but it seems a lot riskier to me, especially when taking resale into account.

I think this one will sell quickly and easily. I'm not sure how many more projects you could do like this before it becomes a tougher sell, but this one will sell out easily IMO.

Full Mountain · #**337** Posted **Oct 17, 2014, 2:16 PM**

Quote:

Originally Posted by Surrealplaces

I think this one will sell quickly and easily. I'm not sure how many more projects you could do like this before it becomes a tougher sell, but this one will sell out easily IMO.

Having a Loblaws 2 blocks north will help too.

I think we'll see more around the post secondary schools. I know of one proposed right now (a small building with limited parking).

Spring2008 · #**338** Posted **Oct 17, 2014, 3:33 PM**

Looks like Batistella might finally get going on Lido after this event took place yest

https://twitter.com/DruhFarrell

MalcolmTucker · #**339** Posted **Oct 17, 2014, 4:54 PM**

Quote:

Originally Posted by Jimby

Budget Rent a Car is at 6 ave and 1 St SE for occasional weekend rentals which is way cheaper than car ownership.

Bingo. I did this for a few years in Edmonton. If you drive at all on mileage for work buying is the way to go though.

Spring2008 · #**340** Posted **Oct 19, 2014, 5:30 PM**

Site clearing was going on a Liftt and The Kensington, Steps is 1 or 2 storeys below grade throughout now, that's a big site area.

Overall just impressed with the amount of development and renos even further north than Bridgeland/Kensington, maybe because I don't get up there often.