Quote:
Originally Posted by Samcon
Hi everyone,
With a low demand for the product we were offering (6 storey 39 unit concrete which is very expensive to build). Samcon has decided to redesign the project with something that would attract more people. So far the direction we are leading towards is a 5 storey wood construction with approximately 60 units. We will offer beautiful finishing on the interior and exterior and a very affordable price. The units will Mainly be 2 bedrooms in the 635sqft to 850sqft range with a some 1 bedrooms as well.
The presentation center will be closed temporarily until we complete the redesign process.
If you have any comments and suggestions we would love to hear them.
Have a great day everyone!.
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I think this is a good move. I think you are victims of a general malaise in the market. With only the Icon as competition in the area (other than the small build on Glebe Ave that is monstrously expensive), it would be important to distinguish yourself from their offering.
My only suggestions are as follows:
Don't underestimate the attractiveness of your location for Carleton students and staff. You should market to students/staff and investors who could rent to students.
If you can incorporate some open space away from Bronson, that would be very attractive to people.
I would strongly recommend ground floor retail. You are in the main street section of Bronson and could play a role in transforming that part of the street into an area with some street life. Assuming that rents could be cheaper there than on Bank, you could attract businesses serving the Glebe that don't want to pay Bank St. rents.