SkyCity Centre Winnipeg | 45F | 575 Ft | 175.26 M | Cancelled

[pmuhar]

Its going to be tough to sell that land if fortress wants what they paid or above that. The land cost was already suspiciously high at $9M+

[Cyro]

Let's wait for an official cancellation of the project from any reliable source before we reminisce about what could of been.

They're still actively marketing as of today.

When it's cancelled I'll be the 1st to post it if someone doesn't beat me too it.

[optimusREIM]

Originally Posted by Cyro

Let's wait for an official cancellation of the project from any reliable source before we reminisce about what could of been.

They're still actively marketing as of today.

When it's cancelled I'll be the 1st to post it if someone doesn't beat me too it.

A segment of Hustler and Lawless was sponsoredby skycity today actually. Apparently the marketing team didn't get the memo that they're not supposed to sell units for their supposedly cancelled project.

[design25]

I received an email from SkyCity today stating that they are going to start demolishing the St. Regis in July and will start construction shortly after that.
That is all.

[lilwayne]

Originally Posted by design25

I received an email from SkyCity today stating that they are going to start demolishing the St. Regis in July and will start construction shortly after that.
That is all.

so preconstruction pricing will extend past april 15th lol

great to hear hopefully they make official announcement on twitter or facebook regarding this..

other than their regina project it appears that most of their other projects are moving at a pretty brisk pace

I guess 300 main will start first than sky city will follow... Im confident that they will move forward I just don't see how they could pour so much money into project if they think they can just dupe some people even though all the money invested in secured through td bank and is fully refundable

[balletomane]

Very conflicting "official" reports on here, I prefer the optimistic one where construction is set to start after the demolition of the St. Regis. I sure hope this thing is built, as much as Fortress at times seems to be untrustworthy, lilwayne is right in that many of their projects are proceeding/have been completed. I think the main reason why everyone is treading so cautiously and being so pessimistic about this project ever breaking ground is just because of the lawsuits facing Fortress and the slow moving progress of the hole in Regina (Capital Pointe). Let's hope this does break ground, its good for Downtown and its good for the people invested in the project, why not want it to be completed?

[lilwayne]

Originally Posted by balletomane

Very conflicting "official" reports on here, I prefer the optimistic one where construction is set to start after the demolition of the St. Regis. I sure hope this thing is built, as much as Fortress at times seems to be untrustworthy, lilwayne is right in that many of their projects are proceeding/have been completed. I think the main reason why everyone is treading so cautiously and being so pessimistic about this project ever breaking ground is just because of the lawsuits facing Fortress and the slow moving progress of the hole in Regina (Capital Pointe). Let's hope this does break ground, its good for Downtown and its good for the people invested in the project, why not want it to be completed?

I think people are pessimistic because they focus on all the bad press and ignore anything positive they have done..

the facts are facts and they have over 200 investors who have money secured through td bank.. this is no Ponzi scheme this is investment that they decided to make believing that this property would increase in value upon its completion..

[balletomane]

I know Ellis Don is the builder, but how much involvement do they have in the project up until this time? Fortress might seem unreliable, but their affiliates in the project I'm sure would be scrambling, trying to get the project to proceed if it seemed like it was in jeopardy. I'm sure if the tower was cancelled then that would also reflect poorly on Ellis Don, no?
I'm not so sure how all that works, but if they are over 50% sold but the involvement of Fortress is a little "shaky" couldn't another company essentially take over if all parties were in agreement? Capital Pointe proceeded like that did it not? Except it was Fortress taking over from another company?
I'm not meaning to question Fortress' record, but most of the pessimism around the project seems to revolve around Fortress.

[lilwayne]

Originally Posted by balletomane

I know Ellis Don is the builder, but how much involvement do they have in the project up until this time? Fortress might seem unreliable, but their affiliates in the project I'm sure would be scrambling, trying to get the project to proceed if it seemed like it was in jeopardy. I'm sure if the tower was cancelled then that would also reflect poorly on Ellis Don, no?
I'm not so sure how all that works, but if they are over 50% sold but the involvement of Fortress is a little "shaky" couldn't another company essentially take over if all parties were in agreement? Capital Pointe proceeded like that did it not? Except it was Fortress taking over from another company?
I'm not meaning to question Fortress' record, but most of the pessimism around the project seems to revolve around Fortress.

Revolves around capital pointe and couple of lawsuits that have nothing to do with a project not being completed

[buzzg]

I saw Instagram ads today. I have a tough time believing they would continue to spend all this money if they didn't at least believe it's still happening.

[Urban recluse]

Hope for the best, plan for the worst?

[Bluenote]

Originally Posted by Urban recluse

Hope for the best, plan for the worst?

Just wait. They will tear down the hotel. Stall. Becomes a larger parking lot. Stall some more. Maybe a new wooden sign saying 60% sold. Construction starting May 2018. Then they will break ground. We will have a hole in the ground for a few years. Maybe the podium gets built. That's about it when 2025 comes.

[lilwayne]

Originally Posted by Bluenote

Just wait. They will tear down the hotel. Stall. Becomes a larger parking lot. Stall some more. Maybe a new wooden sign saying 60% sold. Construction starting May 2018. Then they will break ground. We will have a hole in the ground for a few years. Maybe the podium gets built. That's about it when 2025 comes.

honestly you people are dillusional

EVERY PROJECT THEY HAVE BEEN INVOLVED IN HAS BEEN COMPLETED THEY ARE TRYING TO SAVE THAT STUPID REGINA PROJECT


get over it already people think that regina project is the only one they ever been a part of they trying to ressuruct it you fools.. get over it the lawsuits have nothing to do with projects not being completed.. its about over and undervaluations of the land... I cant believe how dumb people have become

[Bluenote]

Originally Posted by lilwayne

honestly you people are dillusional

EVERY PROJECT THEY HAVE BEEN INVOLVED IN HAS BEEN COMPLETED THEY ARE TRYING TO SAVE THAT STUPID REGINA PROJECT


get over it already people think that regina project is the only one they ever been a part of they trying to ressuruct it you fools.. get over it the lawsuits have nothing to do with projects not being completed.. its about over and undervaluations of the land... I cant believe how dumb people have become

You do realize they are behind here how many years now ? So I think my prediction is based on just what they have done here. Which is nothing at all. Ok ok. They put up a wooden sign.

In the time Sly City was announced. TNSE announced they would build 2 towers. In that time they didn't ask for presales. They just did it. And not we have two towers going up. And we have a wooden billboard sign at Skycity they did have its % part updated in that time.

[lilwayne]

Originally Posted by Bluenote

You do realize they are behind here how many years now ? So I think my prediction is based on just what they have done here. Which is nothing at all. Ok ok. They put up a wooden sign.

In the time Sly City was announced. TNSE announced they would build 2 towers. In that time they didn't ask for presales. They just did it. And not we have two towers going up. And we have a wooden billboard sign at Skycity they did have its % part updated in that time.

theres plenty of projects that have been delayed or haven't gone as scheduled.. it should be expected with a project of this scale.

388 plus units tallest building in peg.. and a condo this is an ambitious project and to me it looks like they put all their chips in on this one.. thier not backing out now they would lose millions trust me those investments condo buyer made are protected so they cant just run off with them...

[Bluenote]

Originally Posted by lilwayne

theres plenty of projects that have been delayed or haven't gone as scheduled.. it should be expected with a project of this scale.

388 plus units tallest building in peg.. and a condo this is an ambitious project and to me it looks like they put all their chips in on this one.. thier not backing out now they would lose millions trust me those investments condo buyer made are protected so they cant just run off with them...

What will they lose. The $10 million for the lot. Which can be sold.
The advertising they spent?
They have invested pretty much nothing into this tbh.
Delayed for years now? Come on. This isn't a few months here.
Having TNS going up makes it harder for SLy city to fill what's left. If I was a condo buyer I'd go to TNS as it's actually getting built. Look at the poor saps at DCondo. They were suppose to be living in their condo already.

If it gets built. IF. It will not be 45 plus stories. It will be scaled way way back and be another stucco dream palace.

[lilwayne]

Originally Posted by Bluenote

What will they lose. The $10 million for the lot. Which can be sold.
The advertising they spent?
They have invested pretty much nothing into this tbh.
Delayed for years now? Come on. This isn't a few months here.
Having TNS going up makes it harder for SLy city to fill what's left. If I was a condo buyer I'd go to TNS as it's actually getting built. Look at the poor saps at DCondo. They were suppose to be living in their condo already.

If it gets built. IF. It will not be 45 plus stories. It will be scaled way way back and be another stucco dream palace.

omg please stop with your speculation

this project will proceed.. and they will lose lots of money... they will lose a million for their sales center alone.. 4 million plus for st regis site if nothing is built.. tons of money they have put into selling the products sales agents.. lose their trust with companies such as ellis don and Edenshaw.. Edenshaw is a partner in the project and is really riding on this project and doesn't want to hurt their brand or rep either...

you people don't get it

FORTRESS IS PARTNERED WITH EDENSHAW, TDBANK, ELLISDON among others fudgeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeesakessssssssssssssssss their not in this aloneeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[borkborkbork]

Originally Posted by lilwayne

EVERY PROJECT THEY HAVE BEEN INVOLVED IN HAS BEEN COMPLETED

Behold the glory of fortress' Port Dalhousie project, the Union Waterfront.

2012:



2014:



2015:



2016:



But don't worry! Construction will *definitely* start by 2018, Fortress says.

[lilwayne]

Originally Posted by borkborkbork

Behold the glory of fortress' Port Dalhousie project, the Union Waterfront.

2012:



2014:



2015:



2016:



But don't worry! Construction will *definitely* start by 2018, Fortress says.

http://www.stcatharinesstandard.ca/2016/06/29/port-dalhousie-condo-development-plan-unveiled


MORE PROPAGANDA IM TIRED OF THIS FRICKING FORUM AND THE IDIOTS ON HEREE>>>>>>>>> YOU GUYS ARE MORONS

[lilwayne]

look up your facts before you post bs man you guys are the dumbest people who inhabit this earth..

you guys are the same people that believe everything you hear on the news... cuz you read it in an article or seen it on the tv..

do your frickin research