41 Wilson Street | 103, 101 and 100 m | 3 x 30 fl | Under Construction - Page 18

Innsertnamehere · #**341** Posted **Mar 17, 2023, 5:53 PM**

It varies by developer and bank they are borrowing from. The general rule, as I said above, to get construction financing is in the 70-80% range, but again, it's variable. LiUNA started 75 James because it can finance it's buildings itself and doesn't need a bank loan. Some developers have better relations with banks which lets them get financing with lower sales numbers, or sometimes projects have higher margins which give more stability with lower sales, etc.

Generally every project on that list except for Apex and Moderne are likely sold enough to get financing.

Innsertnamehere · #**342** Posted **Mar 17, 2023, 5:54 PM**

Quote:

Originally Posted by PaperSun

Interesting, Emblem was saying months ago on Instagram Tower 1 was sold out...

developers often withhold certian units and sell them later. It very well may be that Tower 1's initial release is sold out.

TheHonestMaple · #**343** Posted **Mar 17, 2023, 6:27 PM**

Quote:

Originally Posted by Innsertnamehere

developers often withhold certian units and sell them later. It very well may be that Tower 1's initial release is sold out.

Yeah isn't it pretty common for the developer to hold onto a unit of each type as a showroom. I've also heard it's pretty common to hang onto a few as an asset. Some corporations buy a few from the developer and rent them out as party rooms, and sell them at a latter date to boost reserve funds. Not unheard of in buildings this size.

PaperSun · #**344** Posted **Mar 30, 2023, 5:09 PM**

I reached out to a couple of realtors who are selling pre-con units here and asked when will construction begin. One of them got back to me saying construction is scheduled to start end of April.

Curious if Joey Coleman has anymore information since he mentioned lawyers are scheduled to meet in October 2023.

urban_planner · #**345** Posted **Apr 1, 2023, 7:51 PM**

Emblem no plan for construction to start Fall of this year.

I asked them on Instagram and they said Fall 2023.

TheHonestMaple · #**346** Posted **Apr 1, 2023, 8:16 PM**

Wow that's unfortunate. Yet another project delayed.

spaghettisam · #**347** Posted **Apr 2, 2023, 10:06 PM**

Quote:

Originally Posted by escolt45

This data usually gets updated monthly. It's from Altus Group Data Studio.

It also shows the breakdown of sales by unit type for each building too. Here's one for DD Tower 2:

Apex hasn't been selling well because they weren't co-operating with realtors at the beginning. Maybe they are now. 160+ units sold is pretty impressive.

Is there any way that we can see the updated data now?

TheRitsman · #**348** Posted **Apr 26, 2023, 1:37 AM**

Was googling this development and came across this:

Chronamut · #**349** Posted **May 1, 2023, 6:41 PM**

Wish it glowed like that irl

Innsertnamehere · #**350** Posted **May 1, 2023, 7:54 PM**

Are we sure that isn’t from the launch of the first tower last year?

TheRitsman · #**351** Posted **May 1, 2023, 8:38 PM**

Quote:

Originally Posted by Innsertnamehere

Are we sure that isn’t from the launch of the first tower last year?

I do believe this is the third tower. I believe tower C sold first.

Innsertnamehere · #**352** Posted **May 1, 2023, 9:48 PM**

Quote:

Originally Posted by TheRitsman

I do believe this is the third tower. I believe tower C sold first.

Thanks - yes, you appear to be right.. the first tower seems to have been launched in June of last year so it doesn’t line up.

urban_planner · #**353** Posted **May 2, 2023, 1:14 AM**

3rd on sale in the fall.

King&James · #**354** Posted **Jun 21, 2023, 1:03 PM**

https://www.instagram.com/reel/Ctue3IhIpoP/?igshid=Y2IzZGU1MTFhOQ==

Robert Cekan Insta Reel from yesterday noting that two towers sold out. One would think that this would be enough to get it underway.

TheRitsman · #**355** Posted **Jun 21, 2023, 2:05 PM**

Quote:

Originally Posted by King&James

https://www.instagram.com/reel/Ctue3IhIpoP/?igshid=Y2IzZGU1MTFhOQ==

Robert Cekan Insta Reel from yesterday noting that two towers sold out. One would think that this would be enough to get it underway.

I asked in the comments and they said construction starts July 10th

Innsertnamehere · #**356** Posted **Jun 21, 2023, 2:59 PM**

Quote:

Originally Posted by TheRitsman

I asked in the comments and they said construction starts July 10th

That is *excellent* news. Hopefully they stick to it. Wonder when we will see Tower 3 launch.

urban_planner · #**357** Posted **Jul 7, 2023, 3:37 PM**

Excavator on site working. Pics to come.

PaperSun · #**358** Posted **Jul 7, 2023, 5:00 PM**

Quote:

Originally Posted by urban_planner

Excavator on site working. Pics to come.

Great news!

urban_planner · #**359** Posted **Jul 9, 2023, 5:43 PM**

Drone pic.

King&James · #**360** Posted **Jul 9, 2023, 9:20 PM**

Exciting times! What a transformation if all phases of this and the other developments in the block kitty corner to this one get built. Throw in the expanded Tivoli footprint, this area will be unrecognizable to anyone familiar with the last half century of local landscape.