Claridge Moon/Skye [340 Queen St] | 84.4 m (x2) | 27 fl (x2) | U/C

[YOWflier]

Probably. Lots of rules, so little enforcement.

[trhgr]

Originally Posted by CityTech

Don't condo boards prohibit renting out parking spaces to non residents?

Many don’t. In my condo, the managing company takes care of the rental of parking spots for owners and they manage the access to the parking garage (parking spot renters don’t have access to the rest of the building).

[Skyway]

Originally Posted by CityTech

Don't condo boards prohibit renting out parking spaces to non residents?

Yes - that is the rule in my condo. There are many more parking spots per unit than the Moon yet there is always a demand for parking rentals. Think of the parking spot as an investment that you can rent and also sell down the road at a profit.

[J.OT13]

Originally Posted by Harley613

'Beautiful two bedroom condos on the site of one of Ottawa's most historical strip clubs. A landmark tower that has been lovingly clone stamped from our other landmark 27 story towers. Gorgeous views of people in their hotel rooms. Direct outdoor access to Ottawa's light rail that runs whenever there is less than 3cm of snow. From the mid-500's.'

I should write pitches for a living.

Fixed it for you.

[Vixx]

Another classic bait and switch from Claridge. Pretty frustrating seeing those renders and then seeing what we're really getting.

[MattRichling]

They had another five units reserved after the public launch. This includes the $1.635M 1890sqft PH. Total reserved (as of Monday morning) was 59 units or just over 22%. Pricing has not yet changed since the initial VIP launch, however, we were told it "will go up soon".

[Arcologist]

I would NEVER buy anything from Claridge. I'm amazed anybody would...

[DarthVader_1961]

I think this link refers to the project..

https://www.cbc.ca/news/canada/ottawa/ottawa-downtown-planning-lrt-towers-claridge-1.5134843

[harls]

Originally Posted by J.OT13

I will never, ever be able to look at an Ottawa metro entrance and not think "red lifesaver"



Hey lifesavers.. jump on this.. PM me for royalties. Thanks.

[AuxTown]

That's the third best Lifesaver so makes sense given all the problems we are having

[Urbanarchit]

Originally Posted by O-Town Hockey

That's the third best Lifesaver so makes sense given all the problems we are having

Are butterscotch and mint the top 2 flavours?

[newinvestor]

I dropped by the sales office yesterday and saw that about 20-25% of the units were reserved. It looked like about half the units were not even eligible for a parking spot.
A couple of things stood out:
-Prices seem high for comparable projects in downtown Ottawa
-Limited parking available
-Suspiciously high number of units pre-sold or sold on opening weekend

Is this normal for new condo projects?
If they don't make enough sales is there a chance the project will get shelved?

[cr872190]

Originally Posted by newinvestor

I dropped by the sales office yesterday and saw that about 20-25% of the units were reserved. It looked like about half the units were not even eligible for a parking spot.
A couple of things stood out:
-Prices seem high for comparable projects in downtown Ottawa
-Limited parking available
-Suspiciously high number of units pre-sold or sold on opening weekend

Is this normal for new condo projects?
If they don't make enough sales is there a chance the project will get shelved?

Claridge is probably benefiting from the complete lack of new inventory on the market. As far as I can tell they are the first new condo to launch sales in more than a year (Monocle is the last by my figuring).

Don't developers regularly hold a number of units for secondary launches later in the project to drum up more sales? That and they usually hold the more expensive units until construction is mostly complete. They can get more money for a 2,000+ sq.ft. penthouse if you can show the buyer the space and view.

[CityTech]

Originally Posted by newinvestor

I dropped by the sales office yesterday and saw that about 20-25% of the units were reserved. It looked like about half the units were not even eligible for a parking spot.
A couple of things stood out:
-Prices seem high for comparable projects in downtown Ottawa
-Limited parking available
-Suspiciously high number of units pre-sold or sold on opening weekend

Is this normal for new condo projects?
If they don't make enough sales is there a chance the project will get shelved?

Parking limitations make sense given the location. Quite a few would-be residents won't have cars. Half sounds about right, the entire complex (both the condo and the rental tower) have a total of 335 parking spaces for 566 units, and some of those will presumably be visitor parking.

Though the local councillor says 335 is too much.

The higher price also makes sense given the location. It's perfectly understandable for an indoor link to the LRT platform to carry a premium.

The high sale rate also makes sense--condos are back in Ottawa. The rental vacancy rate is also low enough that I wouldn't be surprised if there was investor interest as well.

[Truenorth00]

Originally Posted by CityTech

Parking limitations make sense given the location. Quite a few would-be residents won't have cars. Half sounds about right, the entire complex (both the condo and the rental tower) have a total of 335 parking spaces for 566 units, and some of those will presumably be visitor parking.

Though the local councillor says 335 is too much.

335 spots for 556 units seems reasonable to me. That's 0.6 spots per unit. Have there been other projects that have gone that low in Ottawa?

Originally Posted by CityTech

The higher price also makes sense given the location. It's perfectly understandable for an indoor link to the LRT platform to carry a premium.

The high sale rate also makes sense--condos are back in Ottawa. The rental vacancy rate is also low enough that I wouldn't be surprised if there was investor interest as well.

Half of those units are going to be airBNB or short term leases to Hill staffers. They won't need parking.

[CityTech]

I would be shocked if an investor bought for the sake of using it on AirBnb. Condo boards almost always prohibit it, and there's a good chance the regulations the city is currently working on will include a rule that units can only be listed on the service if the unit is the primary residence of the host.

[AuxTown]

Originally Posted by Urbanarchit

Are butterscotch and mint the top 2 flavours?

Orange and Lime obviously

[MattRichling]

Originally Posted by Urbanarchit

Are butterscotch and mint the top 2 flavours?

LOL Mint hands down

[waterloowarrior]

staff report recommending approval - May 23 planning committee. Updating the thread title based on the Feb 2019 designs poted on devapps. the 9 storey tower is now part of the podium of the south tower.
http://app05.ottawa.ca/sirepub/mtgviewer.aspx?meetid=7539&itemid=387464&player=silverlight

[waterloowarrior]

The proposed residential and supermarket uses are permitted under the current zoning.
Approximately one and a half levels of the underground parking garage are proposed to potentially
operate as public parking, a use which is not permitted under the current zoning. The proposed
number of spaces designated as ‘public parking’ will be approximately equal to the number of parking
spaces provided within the subject site, prior to construction of the Lyon Street LRT (light rail transit)
station, which is approximately 130 spaces.

The comment from the ward councillor must be based on the Nov 2018 plans. In the Feb 2019 plans there are 288 spaces; 130 in the public parking garage and 158 for the condos