The Downtown Condo Thread

[flipstah]

Originally posted by SilverGS


Yup. I guess timing may matter as well. Waterfront are ready to be moved into where as the Guardian is a couple years away.

Point taken and I'm not sure when the Guardian will be done... mid-2013?

Originally posted by msommers


Well there goes that. Fuck I hate condos.

That sent alarm bells too,

"It's fixed until a re-evaluation after 5 years"

[msommers]

And of course it will go up. I get that things cost more in time but I can't see it going from 350 --> 400. More like 500+. Or you get stuck with a condo board that is filled with fucking idiots or condo fees that start low but then the reserve pool is too small and people have to pay 30K out of no where to fix the outside. Come to think of it, I love the location but I have no idea why I was even considering these. The gym just downstairs would be nice and convenient but for $350/month, it better be!

Where else did you start looking, Flipstah?

[flipstah]

Originally posted by msommers
And of course it will go up. I get that things cost more in time but I can't see it going from 350 --> 400. More like 500+. Or you get stuck with a condo board that is filled with fucking idiots or condo fees that start low but then the reserve pool is too small and people have to pay 30K out of no where to fix the outside. Come to think of it, I love the location but I have no idea why I was even considering these. The gym just downstairs would be nice and convenient but for $350/month, it better be!

Where else did you start looking, Flipstah?

+1. Plus, a high condo fee will mean that it'll be harder to get rid of, if needed.

I'm looking within downtown and the outlying areas (Sasso, Nuera, Garisson Woods, etc.)

How about you?

[max_boost]

Crazy! http://realestateblogcalgary.com/the...n-opening-day/

Over 50% sold at Guardian today?!

Maybe BLINGX2 can chime in here.

[Sorath]

man im really digging the paramount suite 1 for the guardian, facing west!

[dimi]

Out of curiosity, what makes these units so desirable that people would actually go camp out to buy a unit? I mean as far as I can see there are tons of condo developments that will be springing up in the next few years. Am I missing something.

[Weapon_R]

^ great price and locations

[kenny]

Originally posted by max_boost
Crazy! http://realestateblogcalgary.com/the...n-opening-day/

Over 50% sold at Guardian today?!

Maybe BLINGX2 can chime in here.

wonder if that 50% figure includes all the presales too.

[guessboi]

^ lots of ballers in Calgary.

[Xtrema]

So is the Guardian the continuation of the hole next to Arriva?

[flipstah]

Originally posted by Xtrema
So is the Guardian the continuation of the hole next to Arriva?

Sure is. They bought the project under receivership.

Didn't even know you could do that... Or was it the land? Probably the land.

[sputnik]

Originally posted by flipstah


Sure is. They bought the project under receivership.

Didn't even know you could do that... Or was it the land? Probably the land.

The entire podium and underground parking structure is complete.

They bought the rights to build on the platforms on top of the podium as well as the parking stalls built for the other 3 towers. They also most likely own the retail spaces on the lower levels as well.

The Arriva project was designed to be 4 buildings so there is lots of room in that project for more units.

[flipstah]

Originally posted by sputnik


The entire podium and underground parking structure is complete.

They bought the rights to build on the platforms on top of the podium as well as the parking stalls built for the other 3 towers. They also most likely own the retail spaces on the lower levels as well.

The Arriva project was designed to be 4 buildings so there is lots of room in that project for more units.

From what I remember in the news, more buildings are stated to get started 2015.

You know what sucks? If new phases are taller lol.

[max_boost]

Originally posted by flipstah


From what I remember in the news, more buildings are stated to get started 2015.

You know what sucks? If new phases are taller lol.

And more $$$

How much money you got? as long as you have enough you can always have the best of the best of the best lol

[sputnik]

Originally posted by flipstah


From what I remember in the news, more buildings are stated to get started 2015.

You know what sucks? If new phases are taller lol.

In the original Arriva project (prior to Torode going under) the second and third towers were supposed to be taller than the first one.

[flipstah]

Originally posted by max_boost


And more $$$

How much money you got? as long as you have enough you can always have the best of the best of the best lol

Well I got pre-approved with a modest amount and can get a lot of house for my money if I look hard with my realtor and don't get built up on the 'new building' hype. It's all about deciding wisely as a property is one of the biggest things you can buy.

Originally posted by sputnik


In the original Arriva project (prior to Torode going under) the second and third towers were supposed to be taller than the first one.

This is what I mean... I buy The Guardian 1 on the assumption that it's going to be the tallest then TG2 comes up, blocking my view.

FUUU-

[max_boost]

Will this Guardian project when completed or even now put downward pressure on the resale of Arriva units? Right next door and much more affordable?

[flipstah]

Originally posted by max_boost
Will this Guardian project when completed or even now put downward pressure on the resale of Arriva units? Right next door and much more affordable?

Only time will tell. Sasso nearby is selling 2-bedrooms for $250-275k... CHEAP!

At least I think so...

[88CRX]

Whats with all the hype around the Guardian? The location is terrible haha. There is nothing in that south of the dome.

[flipstah]

Originally posted by 88CRX
Whats with all the hype around the Guardian? The location is terrible haha. There is nothing in that south of the dome.

Tallest tower in Calgary. Dat it.