11-27-2018, 03:43 PM
(11-27-2018, 01:18 PM)Spokes Wrote: Taylor, feel free to ignore this if it's crossing the line, but I think I remember you mentioning on here you bought a unit here. When are you expecting completion realistically? (Because I think you're right, Sept 2020 seems ambitious at best)
Not crossing the line at all, good question. I'm expecting 6 months late, that seems to be pretty typical for condos in the area. They did get construction started a couple months ahead of schedule compared to my disclosures doc though, so that was a good sign. Fortunately I have a lot of flexibility, I'm already living in downtown Kitchener, and have a month-to-month rental that I'm quite happy with. So I'm ready when they're ready.
(11-27-2018, 01:31 PM)jeffster Wrote: You have to wonder if that's possible -- but then again, the footprint is fairly small, so each floor should be built fairly quickly. My guess would be, tower goes up around April/May, comes down within 12 months, and mostly finished by October 2020.
The footprint is small but it's still a lot of units, 300, due its significantly taller height. All the other downtown condo tower projects have been 200-250. So I'm not sure it will be done that much faster.
(11-27-2018, 01:38 PM)Momo26 Wrote: Don't forget too, occupancy can commence whilst the building is still getting quite a bit of work done to many of/majority of units of course.
From what I have heard, Momentum usually hands off their units at occupancy is very good shape without a massive lag between occupancy and closing.
From my understanding early occupancy tends to be from the bottom up, as those units gets finished first. I'm on the 30th floor so I'll take the full impact of any delays.