11-22-2015, 11:08 PM
Quote:Of the 178 units, 79 were prepurchased as part of the original plans. Most plan to carry through with their investment.
I'm glad the project will finally go ahead, but does that paragraph mean that the 79 who prepurchased as 155 Park...
1. will have to pay more than they originally planned in order to get high-end units?
2. get high end units for the mid-range price they originally agreed to?
3. will get mid-range units in the midst of a high-end condo development?
4. some other arrangement?
In any case if this is now a high-end condo I'll bet the original buyers will get to pay much higher monthly maintenance fees than they originally bargained for. Otherwise there would have to be some sort of two-tier ownership structure where some owners are more equal than others.