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Old 02-24-2012, 08:48 AM   #21
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Originally Posted by Realtor 1 View Post
I was referring to the most recent sales I had heard about.
With stampede parking rates, rent it out for 1 season and its almost paid for
Rent it to who though? A fellow resident? No problem. Rent it to someone that doesn't live in the building? The condo board is going to be all over you with fines (and will lien your property if you do not pay). It is a security and building access issue to allow non-residents access to the parking and lobby/podium levels.
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Old 02-24-2012, 09:04 AM   #22
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fair enough....I have parked down there on multiple occasions without the owner ever having issues.
It was in green text for a reason.
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Old 02-24-2012, 09:17 AM   #23
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Parking down there using a residents pass every now and then probably isn't a problem, it is renting out the stall to a non-resident that is the issue.

When I was president of the board those first two years we clamped down on that pretty hard, plus any other violations that were occurring.
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Old 03-09-2012, 12:22 PM   #24
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I just heard that of the 321 units at the guardian, 13 are left.
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Old 03-09-2012, 12:48 PM   #25
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That is just insane, now let's see if they can build it.
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Old 03-09-2012, 02:04 PM   #26
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That is crazy...

I wonder now whether they'll start building tower two soon.
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Old 03-09-2012, 02:33 PM   #27
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That is crazy...

I wonder now whether they'll start building tower two soon.
The opportunity could certainly present itself, since they have to build the entire podium for the first tower it would be easy enough to start construction of the second tower after that if the sales stay strong and they have the financing to do it.
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Old 03-09-2012, 03:06 PM   #28
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Originally Posted by Realtor 1 View Post
I just heard that of the 321 units at the guardian, 13 are left.
Does this mean they released all units in the building to sell?

If that is the case than my theory of the "friends and family" sales being nothing more than a way for the developer to hold onto units until later on is probably true.
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Old 03-09-2012, 03:42 PM   #29
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Seems improbable that so many units have sold so quickly. I think you are probably right on your theory Bigtime
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Old 03-09-2012, 11:51 PM   #30
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And I have also heard the rumor that discussions/planning of tower 2 is under way.
Take it for what it is.
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Old 03-10-2012, 08:56 AM   #31
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Someone correct me if I'm wrong but they will already have a development permit approved for both towers, so there should be no bureaucratic hurdles to jump through to expedite the second tower.
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Old 03-10-2012, 11:35 AM   #32
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Is the second tower suppose to be similar in height, higher or lower? Is the design suppose to be the same?
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Old 03-10-2012, 02:49 PM   #33
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Exact same height and design.
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Old 03-11-2012, 10:01 AM   #34
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I read that there is going to be combination living / commercial suites in the podium. Any thoughts re: how many, typical sq. ft., layouts? Would these be like street access commercial suites with second floor living kind of thing?
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Old 03-16-2012, 02:17 PM   #35
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Quote:
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I'm cautious about these massive amounts of "pre-sales", especially since the word is they went to friends and family. We saw this happen with a lot of developments during the last boom, allowing the building to hit the percentage it needs for bank financing to start construction. Once that is underway the friends and family "sell" the units back to the developer so they can put them back onto the market (usually at a higher price).
Smells like mortgage fraud.
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