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Originally Posted by Tech House
I'm perplexed. With all the hurdles to jump, and all the delays and uncertainty that seem to accompany any significant development like this, it seems odd that they'd be selling something that only exists as a concept at this point. Might it be further along than we know? In any case, it's very exciting to see this type of concrete evidence that the Independent isn't just a pipe dream.
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I think the main unanswered question about this project concerns the financing. Do they need a certain amount of pre-sales to secure financing? Or do they already have financing? The 5th & West and Seaholm condo towers had financing in place before they started taking reservations. But I suspect this project is not fully financed because developers tend to announce that they have financing because that is a good thing and will spur sales.
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