August 31, 20177 yr comment_287558 True North Square is really starting to take shape. Edited August 31, 20177 yr by bustamente
August 31, 20177 yr comment_287575 41 minutes ago, bustamente said: True North Square is really starting to take shape. Rooftop patio fun might come to an end with a 20 story building coming to the south. /me waits for Who Cares comment
August 31, 20177 yr comment_287593 37 minutes ago, FrostyWinnipeg said: Rooftop patio fun might come to an end with a 20 story building coming to the south. /me waits for Who Cares comment Might cast some shade, but that's not such a big deal, and a total non-issue at night.
September 5, 20177 yr comment_288734 When is construction starting on 300 Main? Why do companies make announcements on huge projects that are still years away from starting? Skycity is another. Looks like it'll never get built.
September 5, 20177 yr Author comment_288744 8 hours ago, SpeedFlex27 said: When is construction starting on 300 Main? Why do companies make announcements on huge projects that are still years away from starting? Skycity is another. Looks like it'll never get built. 300 Main is already under construction to a degree. There is work being done to move the HVAC and other systems that are currently in place so they can begin building. They announce early for various reasons. In the case of a place like TNS or 300 Main, they announce when there is something to announce. So when agreements are made, when financing is secured, when start dates are confirmed etc. It generates and keeps excitement (and large projects would get leaked if they didnt announce it). In the case of Skycity, since its a condo project, it relies on selling X amount of units to unlock financing. So making announcements and trying to generate excitement is all about generating condo sales. They have to sell X amount of units...I think in Sky City's case, they were saying 50% which I think they are close to. But there is a lot of controversy over that project because of some of the people involved. They HAVE pre-sold a lot of units which is good, but those sales have seemingly stalled out just short of where they need to be, which is not so good. I hope it gets built as it would be amazing for that area and would become Winnipeg's tallest building. But with TNS and 300 Main, there are several projects ahead of Skycity that will fill the need for downtown residences. 300 Main will become Winnipeg's tallest building (until such time as Skycity is built, if it is).
September 13, 20177 yr comment_290955 On 9/5/2017 at 7:26 AM, The Unknown Poster said: 300 Main is already under construction to a degree. There is work being done to move the HVAC and other systems that are currently in place so they can begin building. They announce early for various reasons. In the case of a place like TNS or 300 Main, they announce when there is something to announce. So when agreements are made, when financing is secured, when start dates are confirmed etc. It generates and keeps excitement (and large projects would get leaked if they didnt announce it). In the case of Skycity, since its a condo project, it relies on selling X amount of units to unlock financing. So making announcements and trying to generate excitement is all about generating condo sales. They have to sell X amount of units...I think in Sky City's case, they were saying 50% which I think they are close to. But there is a lot of controversy over that project because of some of the people involved. They HAVE pre-sold a lot of units which is good, but those sales have seemingly stalled out just short of where they need to be, which is not so good. I hope it gets built as it would be amazing for that area and would become Winnipeg's tallest building. But with TNS and 300 Main, there are several projects ahead of Skycity that will fill the need for downtown residences. 300 Main will become Winnipeg's tallest building (until such time as Skycity is built, if it is). I'd never give money to a developer for a condo down payment without it first either is under construction or completed. Some people have been waiting years for this & still no actual word on when construction starts. If 50% isn't good enough then this project is doomed. Cue the lawsuits.
September 13, 20177 yr comment_290957 How do i say this... Lets just say.. There are a few more projects coming to downtown very soon.. Maybe 4 or 5 more... Sktcity is not one of them but... Regarding skycity... I will say that... There is lots of issues with the ppl in charge of skycity... But with that said... The COW (City of Winnipeg) wants it to happen and it pretty much will... But when is the actual question. Its not about units sold (they have enough) its about the group who proposed it.. Ill just leave this here.. Dont be surprised if Skycity starts building... But it probably wont be with the current developers. Thats the real hold up. Finding a local developer. Ill just say U of W gonna be doing more... Red River doing more.. A couple other projects also. Skycity will happen eventually.. Just nobody knows when yet. Edited September 14, 20177 yr by Goalie
September 14, 20177 yr comment_290994 The COW gave SkyCity a 1 year deadline pretty much for them to get the funding to get it done. That was a couple months ago.. They have until roughly july 2018 to secure financing to start building... If when that doesn't happen.. The COW will take the project over and try and find a local developer
September 14, 20177 yr comment_291000 55 minutes ago, Goalie said: The COW gave SkyCity a 1 year deadline pretty much for them to get the funding to get it done. That was a couple months ago.. They have until roughly july 2018 to secure financing to start building... If when that doesn't happen.. The COW will take the project over and try and find a local developer And then you can just about guarantee it won't be the tallest building in Winnipeg.
June 9, 20187 yr comment_334444 26 minutes ago, The Unknown Poster said: $2 million payment to True North to cancel the lease. Nothing in the release about $2m payment?
June 9, 20187 yr Author comment_334530 34 minutes ago, FrostyWinnipeg said: Nothing in the release about $2m payment? Release said a cash payment. Other sources on twitter said it was 2 million.
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