[Burnaby] The Amazing Brentwood | 15 Towers | 186m | 56 flrs | U/C & Proposed

[Jebby]

Originally Posted by Vin

Gold house is one tower.

I thought it was two towers?

[vanman]

It is two towers.

[VarBreStr18]

Originally Posted by Vin

Gold house is one tower. It is still sold out because there is a mall and skytrain just right across the street. Doesn't matter if retail tenants are announced. When investors know there will be retail and future convenience for future residential tenants, they will buy.

Goldhouse is very similar to T3, comparable price range. Both very near sky train station and close to mall. Goldhouse sold out faster than T3... difference is Goldhouse has known retails. T3 retaila is still a mystery.

[Klazu]

Isn't Gold House also something like 20 storeys shorter than Brentwood3?

[Jebby]

Originally Posted by Klazu

Isn't Gold House also something like 20 storeys shorter than Brentwood3?

IIRC, it's one 41 story tower and a 28 story tower.

[Klazu]

But are they both sold out already? I thought they were phased?

[urbancanadian]

It was posted on here that both were sold out. Also, Jebby is right about the floor counts.

And I doubt that which retail is known had much impact. It's one tiny factor that goes into buying a half-million dollar home, not to mention the differences between the markets in each area. If I'm buying, I don't care if there's a Zara at my doorstep. I care if there are some restaurants/a grocery store/drug store/cafes/etc - but not usually a specific store. Metrotown and Brentwood are both in the suburbs, so you're not likely to get the funky shops you'd find on Main or Commercial or 4th or whatever.

Also, many (most?) landlords don't announce their retail lineup until fairly close to opening, so that they can get people hyped, and not have that wear off...

And I doubt they even have that many tenants locked in yet, so far out. Especially the big, international brands.

[Vin]

Originally Posted by VarBreStr18

Goldhouse is very similar to T3, comparable price range. Both very near sky train station and close to mall. Goldhouse sold out faster than T3... difference is Goldhouse has known retails. T3 retaila is still a mystery.

However Brentwood is a way bigger project, with towers 50 stories or higher. Towers 1 & 2 were sold out despite not having retail tenants announced, and now T3 is almost sold out. My original point was that developers use different strategies to lure investors, and announcing retail tenants is not necessary to do the job. Then dreambrother808 had to come in and derail what I said. Goldhouse sold out BECAUSE of the convenience of Metrotown/Station Square malls, and not because of what's going into the little shops downstairs. Put Gold House at Patterson, Royal Oak, or Edmonds Station neighbourhoods with the same retail tenants and we're all pretty sure their sales wouldn't be as spectacular.

Originally Posted by Jebby

I thought it was two towers?

It is, but we were talking about launched towers that are sold out. Their ads also say "over 90% sold". But that's not the point of the original conversation.

[missbailey]

I was in the sales center on the weekend and talked to one of the sales guys for a while.

What I got out it (BS or not)
-over 250 stores that would put it in the ranks of Pacific Center and Park Royal
-similar style of eating places and shops like the Hamilton/Mainland area in Yaletown
-2 (or maybe 3, I can't remember) high end anchor stores. I asked which ones and he almost slipped up and started to tell me then bit his tongue, and told me that he wasn't allowed to say
-Earls and the Keg are confirmed tenants

And I also found out the mystery of why level 58 was eliminated from floor numbering in towers 1 and 2. Apparently the 5 sounds like 'no' in Cantonese and 8 means money, hence 'no money'

[VarBreStr18]

Originally Posted by missbailey

I was in the sales center on the weekend and talked to one of the sales guys for a while.

What I got out it (BS or not)
-over 250 stores that would put it in the ranks of Pacific Center and Park Royal
-similar style of eating places and shops like the Hamilton/Mainland area in Yaletown
-2 (or maybe 3, I can't remember) high end anchor stores. I asked which ones and he almost slipped up and started to tell me then bit his tongue, and told me that he wasn't allowed to say
-Earls and the Keg are confirmed tenants

And I also found out the mystery of why level 58 was eliminated from floor numbering in towers 1 and 2. Apparently the 5 sounds like 'no' in Cantonese and 8 means money, hence 'no money'

Keg a confirmed tenant? Is n't there a Keg somewhere very close to Costco?

[Klazu]

Yep, right next to Highway 1 on Willingdon.

[missbailey]

Originally Posted by VarBreStr18

Keg a confirmed tenant? Is n't there a Keg somewhere very close to Costco?

I questioned him about that, since the Keg down the street is fairly new, and he just said Keg wants in.

He didn't say anything about the other Keg closing down or not, but did say that the Earls nearby would close.

[VarBreStr18]

Originally Posted by Vin

However Brentwood is a way bigger project, with towers 50 stories or higher. Towers 1 & 2 were sold out despite not having retail tenants announced, and now T3 is almost sold out. My original point was that developers use different strategies to lure investors, and announcing retail tenants is not necessary to do the job. Then dreambrother808 had to come in and derail what I said. Goldhouse sold out BECAUSE of the convenience of Metrotown/Station Square malls, and not because of what's going into the little shops downstairs. Put Gold House at Patterson, Royal Oak, or Edmonds Station neighbourhoods with the same retail tenants and we're all pretty sure their sales wouldn't be as spectacular.



It is, but we were talking about launched towers that are sold out. Their ads also say "over 90% sold". But that's not the point of the original conversation.

I am surprised that Goldhouse sold out before T3 and i dont mean Goldhouse has known little retails. I mean the bigger drawing power of bigger retails, such as Price Smart, T&T, Bed and Bath etc.
When Marine Gateway was launched, it was in a more or less in no man's land. No one would anticipate that kind of success, had they not announced T &T and a movie theater at the presale. Similarly had T3 announced some major anchor, it would have sold out before Goldhouse.

[VarBreStr18]

Originally Posted by VarBreStr18

I am surprised that Goldhouse sold out before T3 and i dont mean Goldhouse has known little retails. I mean the bigger drawing power of bigger retails, such as Price Smart, T&T, Bed and Bath etc.
When Marine Gateway was launched, it was in a more or less in no man's land. No one would anticipate that kind of success, had they not announced T &T and a movie theater at the presale. Similarly had T3 announced some major anchor, it would have sold out before Goldhouse.

Because buyers who were deciding to buy Goldhouse or T3 would have swayed to T3
Because IMHO T3 is a far better location than Goldhouse in the long terrm: quicker access to Costo,SFU, BCIT, potential direct access to UBC with Millenium line extension. north facing higher units has potential for years of unobstructed view because established single family neighbourhood in northern boundary (vs rental units waiting to be redeveloped). Master planned project means you wont see yet a taller building popping in the north side of T3 by another developer.
I just do not want to see T3 beaten by Goldhouse. Btw I do not work for Brentwood, I am just ordinary guy very interested in real estate, and I am not a realtor.
I better stop before the forum regulator red tag me.

[Jebby]

Almost sold out

Originally Posted by AudiA3

90% sold

[WarrenC12]

Well we can see which floorplans are unpopular... thanks for the update.

[TourOdeon]

The penthouses are pretty unpopular

[Spr0ckets]

Originally Posted by missbailey

I was in the sales center on the weekend and talked to one of the sales guys for a while.

What I got out it (BS or not)
-over 250 stores that would put it in the ranks of Pacific Center and Park Royal
-similar style of eating places and shops like the Hamilton/Mainland area in Yaletown
-2 (or maybe 3, I can't remember) high end anchor stores. I asked which ones and he almost slipped up and started to tell me then bit his tongue, and told me that he wasn't allowed to say
-Earls and the Keg are confirmed tenants

And I also found out the mystery of why level 58 was eliminated from floor numbering in towers 1 and 2. Apparently the 5 sounds like 'no' in Cantonese and 8 means money, hence 'no money'

I really hope Burnaby eventually comes down on this nonsense and puts a stop to it the way Vancouver recently did for their new projects.

I understand cultural relativism and all that, but the irony (and some would say lack of self-awareness) of wanting to live in a high-end MODERN high-rise building while still buying into traditional capricious superstitious beliefs like that is sometimes pretty mind-boggling.

[LeftCoaster]

Burnaby has already incorporated new numbering bylaws which prohibit exactly that kind of nonsense.

[missbailey]

Originally Posted by Spr0ckets

I really hope Burnaby eventually comes down on this nonsense and puts a stop to it the way Vancouver recently did for their new projects.

I understand cultural relativism and all that, but the irony (and some would say lack of self-awareness) of wanting to live in a high-end MODERN high-rise building while still buying into traditional capricious superstitious beliefs like that is sometimes pretty mind-boggling.

Towers 1 and 2 fall under the old rules and have eliminated floors.

Tower 3 includes all floors.

I got word today that Coquitlam is also following suit and not allowing floors to be skipped anymore either.