SkyCity Centre Winnipeg | 45F | 575 Ft | 175.26 M | Cancelled - Page 72

Tacheguy · #**1421** Posted **Jul 19, 2016, 11:02 PM**

Quote:

Originally Posted by Urban recluse

Does anyone think the number would be higher if it was being developed by someone else?

No question. This is a huge investment for most people, so trust is a huge consideration.

oftheMoon · #**1422** Posted **Jul 20, 2016, 1:40 PM**

Quote:

Originally Posted by Urban recluse

Does anyone think the number would be higher if it was being developed by someone else?

Great question! Like what if this was True North's project on the market?

I'm not sure the sales numbers would be leaps and bounds above where they are now, but they would be higher and would have most likely reached the "goal" of 200 sales. My 2 cents...

bomberjet · #**1423** Posted **Jul 20, 2016, 2:12 PM**

Putting everything aside, 160-170 units sold is quite a feat around here. That's a full 20 storey tower that could be built.

CoryB · #**1424** Posted **Jul 21, 2016, 2:56 PM**

This forum is a pretty loud echo chamber. I think the majority of potentinal SkyCity buyers have limited knowledge of the history of the companies involved and in turn it has limited impact on unit sales.

WhipperSnapper · #**1425** Posted **Jul 21, 2016, 3:15 PM**

History of what? Being a part of dozens of developments and having delivered thousands of units to purchasers? You guys are concentrating too much on their shady business practices and ignoring that their partnerships get things built. The only difference here is that they are going alone but there is a long history of real estate venture capitalist ( money partners) transforming into successful developers.

bomberjet · #**1426** Posted **Jul 21, 2016, 3:19 PM**

History of being convicted criminals. That's what.

Is it a bad thing that we're discussing all aspects of their business practices?

Cyro · #**1427** Posted **Jul 21, 2016, 6:50 PM**

Quote:

Originally Posted by bomberjet

Is it a bad thing that we're discussing all aspects of their business practices?

Both sides of the discussion, pros and cons, of the developers track record are open for debate. If we can provide some useful information that hasn't been heard yet, why not?

Canucklehead · #**1428** Posted **Jul 21, 2016, 6:52 PM**

Quote:

Originally Posted by lilwayne

You don't waste millions of dollars on something that they don't intend on building...

It's pretty easy to waste when it's not their money and they take their fees up front.

bomberjet · #**1429** Posted **Jul 21, 2016, 6:59 PM**

Yeah, just you know, open lines of communication. Due diligence. I'd like to know what everyone's been up to if I'm entrusting large sums of money to them. Large sums being subjective to the person of course.

Canucklehead · #**1430** Posted **Jul 21, 2016, 7:01 PM**

Quote:

Originally Posted by bmyers

Design development and costing exercises currently underway. Work on the full construction drawings will begin in the fall. We will start applying for the full set of building permits towards the end of the year.

.

Design Development drawings are considered 25%. Also, they are still doing costing exercises, but have sold 170 homes. Cart before the horse...

I would say far away from this.

Canucklehead · #**1431** Posted **Jul 21, 2016, 7:03 PM**

Quote:

Originally Posted by Cyro

Both sides of the discussion, pros and cons, of the developers track record are open for debate. If we can provide some useful information that hasn't been heard yet, why not?

Remind us, what has Fortress Developments marketed, financed, built, and sold, on their own?

Cyro · #**1432** Posted **Jul 21, 2016, 8:09 PM**

I'm not prepared to tar and feather them yet at this point for going it alone here. They've made substantial progress without any partnership on this project. Let's wait and see if it's all smoke and mirrors at the end of this year, any other commentary on this projects failure at this point would be premature. k?

OakbluffMB · #**1433** Posted **Jul 22, 2016, 4:14 PM**

Quote:

Originally Posted by Canucklehead

Remind us, what has Fortress Developments marketed, financed, built, and sold, on their own?

I see they have finished 3 projects with Lamb Developments and have 2 others under construction.

So what didn't they do in that partnership that they are doing now? You have any special knowledge of this?

The marketing looks fine, the sales are pretty good. I imagine if they used Ellis Don to build the sale centre, they could build the tower. So what is your big concern?

oftheMoon · #**1434** Posted **Jul 22, 2016, 6:37 PM**

^^^ It'd be cool if we could just watch this project play out over the next 6 - 12 months and can the conspiracy theories.

As someone commented, 160+ sales is already a 20 story tower and they built a really nice sales centre. Those are the facts we do know. Anything else is just

for now.

bomberjet · #**1435** Posted **Jul 22, 2016, 6:44 PM**

I agree. We've been through the theories many times already. I expect sales will be slow over the next month or two, as summer winds down.

Cyro · #**1436** Posted **Jul 22, 2016, 6:45 PM**

Quote:

Originally Posted by OakbluffMB

I see they have finished 3 projects with Lamb Developments and have 2 others under construction.

So what didn't they do in that partnership that they are doing now? You have any special knowledge of this?

The marketing looks fine, the sales are pretty good. I imagine if they used Ellis Don to build the sale centre, they could build the tower. So what is your big concern?

Quote:

Originally Posted by oftheMoon

^^^ It'd be cool if we could just watch this project play out over the next 6 - 12 months and can the conspiracy theories.

As someone commented, 160+ sales is already a 20 story tower and they built a really nice sales centre. Those are the facts we do know. Anything else is just

for now.

Common sense posts, to the point, we can't say this has failed yet, I can't project my self into the future and tell anyone one this will be a tremendous success or a total failure..? Moving on..

robertocarlos · #**1437** Posted **Jul 22, 2016, 7:24 PM**

I'm pretty sure a team from Sky City was on site today. They have a gray service vehicle with a "Sky" name on it. Four workmen standing around. Maybe they were going to change a sign.

thefourthtower · #**1438** Posted **Jul 22, 2016, 8:21 PM**

Fortress seems to be making progress on capital pointe in Regina one can view the web cam

lilwayne · #**1439** Posted **Jul 22, 2016, 8:31 PM**

its amazing how foolish most of you people are

those other projects were being sold differently than this project

those other projects were like hey we have a great idea we want to build a condo building here why don't you invest in it with us once its built as a part owner of the building you will get great returns on your investment.

this is just condo building like every other condo building once they reach their target sales they'll get financing from the banks and start building.. and you get insurance protection with the condo you get your money back.. you think people would invest in buying the condo without protection

bomberjet · #**1440** Posted **Jul 22, 2016, 8:34 PM**

^Sort of. Pretty sure they've issued bonds on the project, just like those other ones you mention. In addition to selling the condos. That's how they purchased the property and built the sales centre, prior to selling any units.