98 James St S | 112.5 m | 34 fl | Planning - Page 10

Markus83 · #**181** Posted **Feb 17, 2016, 5:23 AM**

Spoke with my real estate agent from Judy Marsales and apparently pretty much all units are sold minus a few. So, why aren't they building it? I guess they will start later this year is the word. many people have purchased condos at the $199.999 mark and the same units are now $239.999, so if they sell them right off the bat they make a cool $40000 . Smart. But dang, let's get the party started already!!

realcity · #**182** Posted **Feb 17, 2016, 8:41 AM**

Because Real Estate Agents will buy a unit or two and then say to a buyer, "as soon as you buy this you made $25k". It's all speculators, never trust an agent. That's how the Meadowlands got sold.

realcity · #**183** Posted **Feb 17, 2016, 8:47 AM**

If you don't believe me, just walk into the sales office and listen to their sales speech, nothing but bullshit. Don't get me wrong, I want it to be built, maybe even 43 floors would be nice, but don't listen to their BS sales speak.

I sold my two properties in Hamilton and moved to Niagara, but would love to get into a couple ground floor condos happening in the Hammer.

davidcappi · #**184** Posted **Feb 17, 2016, 1:08 PM**

Quote:

If you don't believe me, just walk into the sales office and listen to their sales speech, nothing but bullshit. Don't get me wrong, I want it to be built, maybe even 43 floors would be nice, but don't listen to their BS sales speak.

Accurate. I called to get some information (not for me but for this board) on construction timing, closing dates and costs, etc. Nothing of the sort was available. Only how I'd be living at the heart of everything in my 1 bedroom spandrel shitbox in the sky!

king10 · #**185** Posted **Feb 17, 2016, 1:49 PM**

Add me to the list of someone who contacted them and they gave me the whole "all units are sold out, the $199,000 units are now on the resale market for $239,000"

if that were the case this thing would be getting built at the pace of 1 floor a day.

got the impression the real estate agent was trying to make a quick buck by flipping the property with no real reason as to why the value has gone up

Berklon · #**186** Posted **Feb 17, 2016, 2:24 PM**

Welcome to the Canadian Real Estate market. It's all built on lies, unethical practices and manipulated data. I have more trust in a used car salesman than I do realtors.

I wouldn't ever live in a condo personally (way too pricey for what you get), but if I did - I would NEVER give them money up front for a unit in a building that doesn't yet exist. You could be waiting years before it gets built - and when it does, you could be getting something much different than was promised.

Markus83 · #**187** Posted **Feb 18, 2016, 7:06 AM**

Adding further, my real estate agent is also my friend from grade 3 . I do trust his word and my comment about the quick buck off a unit is just a thought I had. Not sure what's wrong with that. Makes sense to me. No? My real eatate agent/ friend is actually also part of the acclamation lofts on James north along with relax representatives and the word is it is moving along nicely. Just throwing it out there as fairly credible facts. Not sure why my friend of 20 years would lie to me. Furthermore I wasn't inquiring to him because I'm looking to buy but just to shoot the shit. So is my best friend lying to me for shits and giggles?!

realcity · #**188** Posted **Feb 18, 2016, 7:36 AM**

I have nothing, absolutely nothing, against making profit. So be it if 50 per cent of the units were sold to real estate agents, for the purpose of re-sale two years later, then good on them.

How do you think The Meadowlands was sold? A seller sold you a lot at X$ amount, the house took 18 months to build, but the seller told you at signing, "by the time you move in you'd made X$+".

Problem is, they never realize that X$ if resold because the 'next phase' down the street is under development, for the next wave of suckers.

movingtohamilton · #**189** Posted **Feb 18, 2016, 1:17 PM**

Not intending to hijack the thread, but I think we should put together a "suspect list" of condo projects.

The list would include announced developments with a faint hope of being built, as well as those which have gone nowhere and never will.

davidcappi · #**190** Posted **Feb 18, 2016, 4:40 PM**

Quote:

Not intending to hijack the thread, but I think we should put together a "suspect list" of condo projects.

The list would include announced developments with a faint hope of being built, as well as those which have gone nowhere and never will.

This.

drpgq · #**191** Posted **Feb 20, 2016, 12:26 AM**

I'm wondering which gets built first, the Acclamation or the Connolly. I honestly have no idea.

realcity · #**192** Posted **Feb 20, 2016, 2:10 AM**

I vote for Connolly.

Ever dealt with an honest roofer?

Mikey563 · #**193** Posted **Apr 18, 2016, 12:54 AM**

what happened to this project ?? is it been approved or whatever ??

thmx · #**194** Posted **Apr 22, 2016, 6:46 PM**

"A quick update for everyone on the status of The Connolly. We have just received word that construction should commence this year. The builder is waiting on some final approvals with the city at this time.

The project is now over 70% sold and counting. (2 units sold yesterday). This is record breaking levels of sales. To put it into perspective The Connolly is 2x the size of the Royal Connaught in unit count and comparable in scale to New Horizons City Square Towers 1, 2 and 3 (Charlton/Robinson) which has been ongoing for almost 5 years.

Look out for construction announcements, spring promotions and possibly a special unit release in the near future as we wrap this up and get the shovels in the ground."

- St. Jean Reality Inc. - April 22, 2016

king10 · #**195** Posted **Apr 22, 2016, 6:55 PM**

i'll believe it when shovels are in the ground..... they announced 70% sold last November. now 2 units sold yesteday and they're announcing 70% sold again. something sounds fishy.

king10 · #**196** Posted **Apr 22, 2016, 6:58 PM**

Quote:

Originally Posted by thomax

source

80% sold in September 2015

70% sold in November 2015

70% sold in April 2016

I don't trust this developer or this realtor

CaptainKirk · #**197** Posted **Apr 22, 2016, 7:20 PM**

Quote:

Originally Posted by Mikey563

what happened to this project ?? is it been approved or whatever ??

What's fishy? "OVER" 70% could mean any number over 70.

matt602 · #**198** Posted **Apr 22, 2016, 7:26 PM**

72.5% sold as of this afternoon!

this seems to be a ridiculously long time to wait for approval from the city.

king10 · #**199** Posted **Apr 22, 2016, 7:46 PM**

Quote:

Originally Posted by CaptainKirk

What's fishy? "OVER" 70% could mean any number over 70.

o come on. you dont release a rendering in September saying 80% sold then release an announcement half a year later saying "over 70% sold".

they were trying to skew the numbers and or blatantly lying back in September. that plus the developers not so pristine track record makes this all fishy.

not to mention if they were 80% sold in September theyd already have shovels in the ground because thats more than enough sales to get financing from the bank.

king10 · #**200** Posted **Apr 22, 2016, 7:47 PM**

Quote:

Originally Posted by matt602

72.5% sold as of this afternoon!

this seems to be a ridiculously long time to wait for approval from the city.

its already got city approval... it has had it for a while. the ball is all in the developers court.

the city approved the project in January 2015....

http://www.cbc.ca/news/canada/hamilt...nits-1.2899172