727 replies to this topic

[manuel]

gumgum - the development at Cook and Oscar at least looks like it is moving quickly and had tenants ahead of time - I would give this one a break.

As for the development whose developer's name can't be used in this forum, at least he does complete things. Slowly, very slowly, but there is completion. One thing I'd like to know though is why there is a big hole at the back of the property beside the existing food court.

[Ms. B. Havin]

One thing I'd like to know though is why there is a big hole at the back of the property beside the existing food court.

Soil contamination from the dry cleaner - that's what I heard.

Nasty surprise (or "shouldn't have been a surprise," depending on your armchair quarterback quotient).

PS/ edit: agree that the Cook / Oscar project is proceeding at a good clip.
That said, I hope we didn't just jinx it... :-/

[concorde]

I can only think of Concorde who has been able to give us the odd tidbit.

I haven't made inquiries into this project in a very long time. I'll see what I can find out this week.

[gumgum]

gumgum - the development at Cook and Oscar at least looks like it is moving quickly and had tenants ahead of time - I would give this one a break.

I wasn't meaning to be hard on this project. I am keen about it actually. To me it is a positive step in the right direction. Even though it should have been at least four stories (but I understand why the developer chose not to go down that road). Its construction is just bad luck with the timing that's all.

Re: Contaminated soil. Another example of ***en's lack of preparedness. I'm getting sick of his blunders.

Thanks for the much needed future info, Concorde.

[gumgum]

The retail portion of this property is on the market for 5 million.

They are now trying to lease the units at the same time from $30 a square foot. I believe they were asking around $55 in the beginning.

[gumgum]

It's been over 4 years since I started this thread btw.

[Holden West]

2006:

I bet Food Country will tranform itself into a Market On Yates.

You missed that prediction. Your prediction that our grandchildren would be around for the groundbreaking was pretty close.

My prediction that Oxford Foods would go upscale didn't pan out...

[gumgum]

2006:

You missed that prediction.

Man that was a dumb prediction.
Yours however would have made sense. I'm glad it didn't happen though.

[VicHockeyFan]

35 of 41 residential units still available, and up to 10 commercial tenants to place...

Cook Street project prepares for market under receivership

Returns likely skimpy for creditors of high-profile condo-retail project

By Andrew A. Duffy, Times Colonist September 14, 2010 6:56 AM

Read more: http://www.timescolo...l#ixzz0zWGP8p1q

[gumgum]

^

Far be it for the print media to actually do some real digging for a change and find out what's happening.

Thank you, Duffy.

[aastra]

Hard to believe there was a time when even the smallest condo developments were a cinch to make millions and millions in profits.

[VicHockeyFan]

Hard to believe there was a time when even the smallest condo developments were a cinch to make millions and millions in profits.

Exactly. This greedy developer really must have screwed up.

[gumgum]

Cook Street commercial complex slapped with threat
By Roszan Holmen - Victoria News
Published: December 10, 2010 12:00 PM

[...]Beautify or face the consequences. Victoria city council delivered the message to the owners of a commercial complex at 230 Cook Street.[...]

[manuel]

gumgum, village dolt, someone please tell me that there are actually going to be commercial tenants for Essencia Verde? Just hate walking past a completed building with nothing going on.

At this rate, the new building at Cook at Oscar will be occupied first.

[gumgum]

I know nothing. And I feel your pain.

[Bob Fugger]

I know nothing. And I feel your pain.

+1. It's a freaking blight. At least the construction is over.

[Bingo]

+1. It's a freaking blight. At least the construction is over.

And they tore down my favourite fish and chip shop to do it.

[Kapten Kapsell]

The web site at http://www.essenciaverde.ca is back up and running. The price list is posted and it seems like the units are quite expensive on a per-square-foot basis, especially for a building that is not 100% concrete. For example, there is a third-floor 'penthouse' suite (1186 square feet) on the market for $739,000, a price that is significantly higher than similarly-sized third floor suites in the Chelsea (a concrete building that is also located in Fairfield).

[Szeven]

The web site at http://www.essenciaverde.ca is back up and running. The price list is posted and it seems like the units are quite expensive on a per-square-foot basis, especially for a building that is not 100% concrete. For example, there is a third-floor 'penthouse' suite (1186 square feet) on the market for $739,000, a price that is significantly higher than similarly-sized third floor suites in the Chelsea (a concrete building that is also located in Fairfield).

Side note:

I hate websites that resize the window like that. Went to close it and closed another window by accident!

[gumgum]

62% res units sold as of November last year.
No word on Commercial units.