Real estate agent event, it was quite well attended, they were ~1000 agents there this morning. Sales open at the end of the month and they are hoping to match the one day sell out across the street. They'll have their work cut out for themselves but if anyone can do it it'll be Rennie.
A *thousand* realtors? Are you sure you didn't mean a hundred agents?
I'd agree sales have slowed down and developers are doing different things to get pre-sales to move (reducing prices, offering interest on deposits, etc).
However the bank financing for projects like this are based on the presale contracts that are signed. If you are suggesting MC2 is engaging in fraud to obtain financing, that's a big accusation.
Last edited by jlousa; Oct 26, 2012 at 3:05 AM.
Reason: removed offesive quoted post
Any word on how the presales went? I drove by on my way home Friday at about 6pm. They had plenty of tents and heaters set up, but no people in line yet.
I use transit for the majority of my commutes, but I will always need a car, and yes I know they are expensive, but I will always enjoy the feel of driving (especially n the summer), and sometimes my job demands that I drive (lots of equipment, odd locations, strange times) so when I am ready to purchase (hopefully some year soon, hehe) I will definitely need a parking stall.
Anyways no wonder this is already 80%+ sold. Check out the really well done promo video:
Looks like a "generic" Vancouver video to me.
All they did is add the principals, location distance proximities and a rendering of what looks like an amenity room or something. The only thing missing was the usual golf course and skiing shots.
Looks like a "generic" Vancouver video to me.
All they did is add the principals, location distance proximities and a rendering of what looks like an amenity room or something. The only thing missing was the usual golf course and skiing shots.
Although, I don't think there has been a development that quite "honours" James Cheng as much as they have.
It's a nice video, but the building is just butt-ugly. Also funny how much they show life and vibe in Downtown, when this project is anything but Downtown.
What the hell is the Rogers Sugar building doing in there? Like someone's going to take the C-Line and then stroll through the DTES to gaze at an old warehouse?
Shame they couldn't capture the smell from the transfer station or Fraser Richmond Soil and Fibre in the vid.
The old blue-tiled retail strip was torn down on Friday (my photo). According to BIV the two rental towers slated for the site have already been resold by the developer.
They used the same building as they already owned it and wouldn't have to pay rent somewhere else. They've sold most of the units so no need to keep the sales centre open. They knew the project would sell quickly so they wouldn't have been forced to keep the centre open indefinetely requiring it to be offiste. It's quite a common practice.
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