I must say, Qualex was one of the main reasons I bought into Mark. Having been burnt once already with the whole Midtown / Resiance fiasco back in 2005 (worried about it all being a scam, having my money held for 3+ years, and subsequently losing out on other opportunities when the Calgary real estate market was going through it's hottest phase), I'm wary about any unproven condo developers.
3 Eau Claire has the same signs as the Midtown project; unproven developer, ambitious project, and lower prices compared to the market. I don't know anyone in the industry that thinks this thing is going to be built. It's a home run type of project.
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