SkyCity Centre Winnipeg | 45F | 575 Ft | 175.26 M | Cancelled - Page 70

Urban recluse · #**1381** Posted **Jul 12, 2016, 6:17 PM**

Quote:

Originally Posted by bomberjet

Regardless of design. I rather liked that 300 Assinniboine included the townhouse portion. Even if it is a small amount of people. Gives that certain feel to the neighbourhood.

Fine. The sides can be covered in vinyl siding or hardie board lol.

Cyro · #**1382** Posted **Jul 12, 2016, 7:07 PM**

Quote:

Originally Posted by esquire

Is 50% sales really the key to this project securing financing and starting construction?

Don't believe this was ever the case, as far as I can remember since this project started some forward movement. Paraphrasing a previous posters reply, it was currently at 167, 8 more to reach a pre-sale number of 50%, as it is only July, and the developer specified shovels in the ground several months into the new year, 2017, 6, 7 or 8 months away.

At this pace, they could be well over 60% when the dirt actually begins to move...or not, just a projection into the future.

TimeFadesAway · #**1383** Posted **Jul 12, 2016, 7:39 PM**

Quote:

Originally Posted by Cyro

Don't believe this was ever the case, as far as I can remember since this project started some forward movement. Paraphrasing a previous posters reply, it was currently at 167, 8 more to reach a pre-sale number of 50%, as it is only July, and the developer specified shovels in the ground several months into the new year, 2017, 6, 7 or 8 months away.

At this pace, they could be well over 60% when the dirt actually begins to move...or not, just a projection into the future.

I seem to remember reading somewhere that the developer pegged 200 as the magic number of units that needed to be sold before they went ahead.

esquire · #**1384** Posted **Jul 12, 2016, 7:42 PM**

^ At the rate they're going, 33 more units (if that's in fact how far they are from 200) will easily take at least the rest of the year.

Cyro · #**1385** Posted **Jul 12, 2016, 7:43 PM**

^^ Yeah, thx for that Times, sounds about right. If were talking almost 1/2 year..or more to go, seems attainable at the current pace..

Jammon · #**1386** Posted **Jul 12, 2016, 7:44 PM**

Quote:

Originally Posted by esquire

^ At the rate they're going, 33 more units (if that's in fact how far they are from 200) will easily take at least the rest of the year.

Agreed. The condo market in Winnipeg sucks right now. Horrible time for selling. I tried to sell mine and did not even get a showing in six weeks. I was looking at buying a condo on Wellington Cr. and the # of units on the market is incredible. To sell 30 more units at this point is going to be a huge issue.

TimeFadesAway · #**1387** Posted **Jul 12, 2016, 7:48 PM**

Quote:

Originally Posted by DowntownBooster

Is this problem ever going to be solvable for Winnipeg? There's so much potential downtown with all the amenities within walking distance but at the same time there are so many social issues in the area that negatively impact how people view our downtown which in turn hinders more individuals from wanting to live in the area.

The key is to continue to build momentum with downtown development. The Marlborough functions the way it does because that's the only way it can stay open/make money. Running a low-brow business ends up being a lot of work, so it's an option of last resort (haha).

If positive momentum continues to build two things happen.

First, the people who are seen as 'undesirable' no longer feel welcome or comfortable and drift elsewhere. This has happened already on the southern portion of Waterfront Drive. When my folks first moved into Sky in 2010ish, there was a regular stream of homeless folks moving between the park and areas to the north and back again. In the last 6 years their numbers have dropped significantly.

Second, as momentum builds and real estate gets eaten up, the possibility of making money in a way where you don't have to have 91 pre-dialed on your phone just in case becomes a reality. Right now, the Marlborough has no other way to make money without a huge infusion of very speculative cash. In 10 years, perhaps that cash infusion would be seen as less speculative.

TimeFadesAway · #**1388** Posted **Jul 12, 2016, 7:50 PM**

Quote:

Originally Posted by Jammon

Agreed. The condo market in Winnipeg sucks right now. Horrible time for selling. I tried to sell mine and did not even get a showing in six weeks. I was looking at buying a condo on Wellington Cr. and the # of units on the market is incredible. To sell 30 more units at this point is going to be a huge issue.

That being said, the downtown condos in around the 200-350K price range seem to be turning over relatively quickly. The market dynamics for DT condos seem to be a little different in terms of supply and demand than in the rest of the city ATM.

Cyro · #**1389** Posted **Jul 12, 2016, 7:50 PM**

You know what's similar about this thread, compared to the last one that was deleted, (mentioned by a poster earlier)? I remember that the building of the sales centre was a pipe dream..lol..anyway, differing opinions keep the threads moving...

TimeFadesAway · #**1390** Posted **Jul 12, 2016, 7:54 PM**

Quote:

Originally Posted by Cyro

You know what's similar about this thread, compared to the last one that was deleted, (mentioned by a poster earlier)? I remember that the building of the sales centre was a pipe dream..lol..anyway, differing opinions keep the threads moving...

Totally...I would put myself right in the middle of the pack as far as opinion goes. I would really like to see it built and certainly feel that the sales look good so far. However, I am very familiar (thanks to this board) with the history of this company and fully understand why people have their doubts.

Call me cautiously hopeful!

bomberjet · #**1391** Posted **Jul 12, 2016, 7:56 PM**

Ya same here. Looks very promising. But if it ends up not happening, wont' be surprised by it. I'll be severely dissapointed that the new new tallest won't be built! But we'll still have a new tallest in 300 Main.

esquire · #**1392** Posted **Jul 12, 2016, 8:00 PM**

I was pessimistic and I didn't think anything would ever come of SkyCity. Part of me still thinks this is never going to happen, but I'm more than willing to be proven wrong

Cyro · #**1393** Posted **Jul 12, 2016, 8:39 PM**

Quote:

Originally Posted by TimeFadesAway

Totally...I would put myself right in the middle of the pack as far as opinion goes. I would really like to see it built and certainly feel that the sales look good so far. However, I am very familiar (thanks to this board) with the history of this company and fully understand why people have their doubts.

Call me cautiously hopeful!

Yes, (The Board), Similar projects, not of SkyCity's Scope were also discussed. d Condo was also written off, Sq/ft cost, was never going to happen, GlassHouse..ditto, TSN were villains..lol..but here we are.

I've never actually said this development would rise x2 threads. I've just listened, watched and waited..I'll also be found right in the middle of discussions, even when all the experts may say otherwise....

.

esquire · #**1394** Posted **Jul 12, 2016, 8:44 PM**

Quote:

Originally Posted by Cyro

Yes, (The Board), Similar projects, not of SkyCity's Scope were also discussed. d Condo was also written off, Sq/ft cost, was never going to happen, GlassHouse..ditto, TSN were villains..lol..but here we are.

I've never actually said this development would rise x2 threads. I've just listened, watched and waited..I'll also be found right in the middle of discussions, even when all the experts may say otherwise....

.

This says it best for me:

trueviking · #**1395** Posted **Jul 12, 2016, 9:02 PM**

ha ha...me too.

Cyro · #**1396** Posted **Jul 12, 2016, 9:05 PM**

^^ 2 up, This says it best for me, after several years(shit it's been that long), sorry, discussing Winnipeg projects that were not supposed to come to fruition ....

........It actually happened...

bomberjet · #**1397** Posted **Jul 12, 2016, 9:07 PM**

haha I'm a believe in all of the above!

lilwayne · #**1398** Posted **Jul 12, 2016, 9:13 PM**

apparently true north square design is going through lots of changes and there might be a 5th tower.. I don't know if im on board with that idea... id rather increase the height of the first two than build a 5th tower..also the tv screens maybe a lot smaller than shown on the reveal video.

as far as sky city condo goes I went to the sales office today it was really quiet there never seen any potential buyers walk in. I had a chance to look at the floor model and had a lengthy discussion with the salesman. Basically they have between 160 and 170 units sold so far and are hopeful to reach their target of 200 units by October November.. He expressed frusteration over the fact that skycity wasn't listed at other websites like kiji or by real estate agents showing what was available. all clients have to go too the website to even see that skycity is on the market.

also their holding about 30 units for Ontario investors he they are going to release them to probably at the end of the month or next month.

every unit on the top 2 floors is sold... and all the cheap ones except for one are sold aswell.. theres still plent of unit left on the lower floors and I think that the project will proceed I just don't like the idea of putting 10 percent down on a project that hasn't had shovels on the ground yet.. me and the salesmen both agreed that skycity shouldn't be so stupid and release the units to Ontario and get the shovels on the ground.. When this happens everyone knows their getting paid and ppl will want to take the risk of investing knowing tha the thing is getting built.

I really hope they don't mess up the true north square project they need to have huge meeting space area where the hell would a 5th building go..

chipman don't be an idiot... increase the height if anything...

buzzg · #**1399** Posted **Jul 12, 2016, 9:20 PM**

Quote:

Originally Posted by Urban recluse

I do not blame people given the area; the Marlborough alone brings so much trash to the area. I hope the building sells out sooner.

Working at a restaurant downtown I talk to a LOT of travellers from out of town and it's crazy how many people have booked at the Malbrough and been horrified when they got there. The pictures online are at least 5 years old so it actually looks pretty good (lets not forget it is beautiful building), but when they get there and see the majority of patrons, try going to the Alt or Radisson.

It's been pretty well known that the owner decided to house the relocation of the flood evacuees because it was guaranteed full-rate money for a few years — no one ever expected it to take this long. As they are now just starting to send some people back home, hopefully as the numbers dwindle, more money will be reinvested and it will turn around. They have actually put quite a bit of money into the main floor and exterior of the newer half, so we could see more change coming.

bomberjet · #**1400** Posted **Jul 12, 2016, 9:22 PM**

Yeah we heard recently from Jim Ludlow that TNS has had a lot of interest and may be expanded. He didn't say what exactly, just there was interest. So we've been guessing either another tower or some form of reconfiguration of the existing two.

I remember his sweet hat. Heisenberg style.