SkyCity Centre Winnipeg | 45F | 575 Ft | 175.26 M | Cancelled - Page 41

lilwayne · #**801** Posted **Sep 20, 2015, 1:22 AM**

ONE FLOOR loll lolllllll check the model from another angle before u hate

damn the haters are coming in drolessssssss

lilwayne · #**802** Posted **Sep 20, 2015, 1:26 AM**

This building will rise

judging by the demand and sales so far

theres no reason this wont proceed

lilwayne · #**803** Posted **Sep 20, 2015, 1:28 AM**

IMO THAT LOOKS AMAAAAZINGGGG

biguc · #**804** Posted **Sep 20, 2015, 1:30 AM**

ah, my mistake.

Mr. Gotham · #**805** Posted **Sep 20, 2015, 1:46 PM**

Quote:

Originally Posted by bmyers

Updates on our projects can be found here: http://fortressrealdevelopments.com/news/project-update-newsletter-summer-2015/

Investors have exited Brock/Munir development: http://finance.yahoo.com/news/fortress-real-capital-investors-exit-162251397.html

Fortress press releases frequently have an Alice in Wonderland quality to them, herewith a guide to the Fortress PR lexicon:

-"Successfully Acquired Project" = developer defaulted and we bought the project out of bankruptcy, ie our investors' equity is underwater

-"Winterized" = developer has run out of money, there are construction liens out the wazoo and contractors refuse to work. Collier Centre was listing in this status for 3-4 months after it filed for receivership.

In addition to the projects listed above, Collier Centre and Brookdale at Avenue Road are also worth investigating.

I'd suggest googling the project name, CCAA pdf receiver's report

Might learn some interesting things

urbandreamer · #**806** Posted **Sep 20, 2015, 2:23 PM**

How many sold yesterday? ~30-40 would be my guess.

RepomanYWG · #**807** Posted **Sep 20, 2015, 3:12 PM**

I've been following this closely as I need to buy something fairly soon but just don't have the time to spend on a home / yard. While I like the building / amenities I think I am leaning toward Glasshouse as it is coming along fairly well already. I did not have a chance to check out one of the pre-sale events but they definitely have a huge range of floor plans available.

Cyro · #**808** Posted **Sep 20, 2015, 8:37 PM**

Quote:

Originally Posted by biguc

Can't help but notice the podium has shrunk to one floor and looks suburban as fuck. Build this shit in Mississauga where it belongs.

I guess the podium height has already been covered, it happens....

I actually like the look of the 8 F podium, something we've never seen here before..

Finessing · #**809** Posted **Sep 21, 2015, 1:35 PM**

Quote:

Originally Posted by Mr. Gotham

Fortress press releases frequently have an Alice in Wonderland quality to them, herewith a guide to the Fortress PR lexicon:

-"Successfully Acquired Project" = developer defaulted and we bought the project out of bankruptcy, ie our investors' equity is underwater

-"Winterized" = developer has run out of money, there are construction liens out the wazoo and contractors refuse to work. Collier Centre was listing in this status for 3-4 months after it filed for receivership.

In addition to the projects listed above, Collier Centre and Brookdale at Avenue Road are also worth investigating.

I'd suggest googling the project name, CCAA pdf receiver's report

Might learn some interesting things

Haha the spin from Fortress is cringe-worthy. I suppose it's what you would expect from this lot...

Fortress used to claim that investors have never missed a payment. It would be interesting to hear from Rathore, Petrozza, or Myers on that considering all the stalled/bankrupt projects...

CoryB · #**810** Posted **Sep 21, 2015, 2:58 PM**

Quote:

Originally Posted by Cyro

I actually like the look of the 8 F podium, something we've never seen here before..

I haven't seen the model but the latest renderings looked like the podium dropped a floor of office space and gained two floors of parking. It will be interesting though if this goes ahead to see what the parking impact is as they are planning a lot of residential units which typically have people wanting to park one vehicle just off the elevator to their place. The surface lot they are building on has long been full during weekdays and demand is likely going to increase when (if) the police ever move in.

esquire · #**811** Posted **Sep 21, 2015, 3:11 PM**

Any word on the weekend's sales figures?

pmuhar · #**812** Posted **Sep 21, 2015, 3:11 PM**

Quote:

Originally Posted by urbandreamer

How many sold yesterday? ~30-40 would be my guess.

I think its actually closer to 100

BigG · #**813** Posted **Sep 21, 2015, 3:27 PM**

Specs called for 388 total units. Is that still the case? How many sold so far in total?

Biff · #**814** Posted **Sep 21, 2015, 3:45 PM**

Quote:

Originally Posted by pmuhar

I think its actually closer to 100

If it is in the ballpark of 100 units for 2 days of sales that would be an impressive accomplishment for Winnipeg.

bomberjet · #**815** Posted **Sep 21, 2015, 4:00 PM**

Wow 100 units, that would be impressive. Does that include any of the units/investors that had been previously signed on as part of some of the earlier offerings?

esquire · #**816** Posted **Sep 21, 2015, 4:00 PM**

Somehow I think we would have heard about it by now if SkyCity had hit 100 units.

CoryB · #**817** Posted **Sep 21, 2015, 4:01 PM**

If SkyCity has 100 of the just shy of 400 units already sold it would be interesting to know the split between pure investment sales and those who plan to take possession and occupy units.