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Blackstone Condos (Bridge and Northfield) | ? fl | Proposed
#16
(06-21-2018, 02:06 PM)Watdot Wrote: It's interesting to me how there's such a disconnect between branding and the overall design of developments like these.....

There's no better example of this than the "Urban Towns" that were being advertised all over town for a while...they were located on the edge of the city boundary..."Urban" indeed.
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#17
(06-21-2018, 03:08 PM)Viewfromthe42 Wrote: I don't think there's a single example of residential condos in the region where you can walk inside a building to the common elements.

Bauer Lofts?
My Twitter: @KevinLMaps
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#18
Not condos, but Blair House up on Philip St has inside access to the Balzac's Coffee.
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#19
Examples locally are hard to find but it is something you see more frequently now in large urban center condo developments... hence "trendy". That's my point.
A sexy/trendy marketing campaign for residential condo units that share the same property as pad sites, drive-thrus, surface parking, lack of transit integration is a complete disconnect.
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#20
Found another rendering of this one.  This time from street level

   
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#21
That looks pretty nice!!
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#22
Apparently this build is over 80% sold after the 1st sales event? That has to be some sort of record for a suburban project? Trailside, reflections, woodhaven, and Avalon never had that much success, much be something special going on there.
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#23
That is definitely surprising. Especially because the location isn't necessarily REALLY appealing.
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#24
The price is right? That is always a factor, too.
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#25
Saw a price list and they definitely will be able to get buyers who are just trying to enter the market now. For 500 something sq ft of inside living space, the pricing was in the $200's. I believe condo fees were 40cents a sq ft. There are a variety of units ranging from one bedroom to three bedroom. If I remember correctly, nothing exceeded 1200 something sq ft of inside living space and nothing was priced over $500k. Not sure about 80% sold, would expect to see that promoted on one of their sites or their seller's (condo culture). Nevertheless, the location actually is not bad. Once the LRT is up and running and bus routes are reorganized, it will take 5 minutes to get to the mall (Conestoga Mall LRT station) by bus right outside the door. You could also walk to the mall in probably 15 minutes from that location. In addition, beer is available right across the street at Innocente Brewery! A significant amenity for some people. Smile
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#26
(11-05-2018, 10:29 AM)Watdot Wrote: Saw a price list and they definitely will be able to get buyers who are just trying to enter the market now.  For 500 something sq ft of inside living space, the pricing was in the $200's.  I believe condo fees were 40cents a sq ft.  There are a variety of units ranging from one bedroom to three bedroom.  If I remember correctly, nothing exceeded 1200 something sq ft of inside living space and nothing was priced over $500k.  Not sure about 80% sold, would expect to see that promoted on one of their sites or their seller's (condo culture).  Nevertheless, the location actually is not bad.  Once the LRT is up and running and bus routes are reorganized, it will take 5 minutes to get to the mall (Conestoga Mall LRT station) by bus right outside the door.  You could also walk to the mall in probably 15 minutes from that location.  In addition, beer is available right across the street at Innocente Brewery!  A significant amenity for some people.  Smile

See, I never understood there, there are 2 bedroom, 1200 sqft units with separate garage in my building one block from an LRT station that are completely renovated to brand new condition, which cannot sell at 300k.

Condo fees are a fair bit higher, but I still cannot understand why someone would buy in a new building, they seem seriously overpriced
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#27
(11-05-2018, 11:21 AM)danbrotherston Wrote:
(11-05-2018, 10:29 AM)Watdot Wrote: Saw a price list and they definitely will be able to get buyers who are just trying to enter the market now.  For 500 something sq ft of inside living space, the pricing was in the $200's.  I believe condo fees were 40cents a sq ft.  There are a variety of units ranging from one bedroom to three bedroom.  If I remember correctly, nothing exceeded 1200 something sq ft of inside living space and nothing was priced over $500k.  Not sure about 80% sold, would expect to see that promoted on one of their sites or their seller's (condo culture).  Nevertheless, the location actually is not bad.  Once the LRT is up and running and bus routes are reorganized, it will take 5 minutes to get to the mall (Conestoga Mall LRT station) by bus right outside the door.  You could also walk to the mall in probably 15 minutes from that location.  In addition, beer is available right across the street at Innocente Brewery!  A significant amenity for some people.  Smile

See, I never understood there, there are 2 bedroom, 1200 sqft units with separate garage in my building one block from an LRT station that are completely renovated to brand new condition, which cannot sell at 300k.

Condo fees are a fair bit higher, but I still cannot understand why someone would buy in a new building, they seem seriously overpriced

That's shocking to me.

Condo fees scare a lot of people off though.
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#28
(11-05-2018, 11:40 AM)Spokes Wrote:
(11-05-2018, 11:21 AM)danbrotherston Wrote: See, I never understood there, there are 2 bedroom, 1200 sqft units with separate garage in my building one block from an LRT station that are completely renovated to brand new condition, which cannot sell at 300k.

Condo fees are a fair bit higher, but I still cannot understand why someone would buy in a new building, they seem seriously overpriced

That's shocking to me.

Condo fees scare a lot of people off though.

And many people don't realize that the condo fees on new buildings are rather optimistic, and are bound to go up. 

But if you don't realize it, it looks like may $0.20/sqft extra in condo fees, that's $240/month or almost $3000/year. If people are looking at solely their payments, that may look like it's as expensive (in terms of total monthly payments) as a new unit priced $100K higher. And on top of that, many people still love "new".
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#29
(11-05-2018, 11:46 AM)tomh009 Wrote:
(11-05-2018, 11:40 AM)Spokes Wrote: That's shocking to me.

Condo fees scare a lot of people off though.

And many people don't realize that the condo fees on new buildings are rather optimistic, and are bound to go up. 

But if you don't realize it, it looks like may $0.20/sqft extra in condo fees, that's $240/month or almost $3000/year. If people are looking at solely their payments, that may look like it's as expensive (in terms of total monthly payments) as a new unit priced $100K higher. And on top of that, many people still love "new".

I suspect most people also vastly underestimate the money they put into a house.

After accounting for utilities and insurance I used to pay at my house, my 750 dollar condo fees come down to about 450, and accounting for ONLY the money I put into the house and ignoring the hours and hours and hours of my own labor I put in, 450/month is a reasonable estimate of my monthly cost.  Now I did have to put on a new roof, but I managed to avoid replacing a 30+ year old furnace.  It's not a small bill to swallow, but the fact is, it isn't any bigger than a house would be, just more visible.
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#30
(11-05-2018, 11:46 AM)tomh009 Wrote:
(11-05-2018, 11:40 AM)Spokes Wrote: That's shocking to me.

Condo fees scare a lot of people off though.

And many people don't realize that the condo fees on new buildings are rather optimistic, and are bound to go up. 

But if you don't realize it, it looks like may $0.20/sqft extra in condo fees, that's $240/month or almost $3000/year. If people are looking at solely their payments, that may look like it's as expensive (in terms of total monthly payments) as a new unit priced $100K higher. And on top of that, many people still love "new".

Often by a significant amount too.
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