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UNDER CONSTRUCTION
Black and White
Uses: condo, commercial
Address: 1033 Cook Street
Municipality: Victoria
Region: Urban core
Storeys: 6
Condo units: 75 (1BR, 2BR, penthouse, 1BR + den, 2BR + den, junior 1BR)
Sales status: sold out / resales only
Black and White is a six-storey mixed-used development with five residential levels above a ground floor comme... (view full profile)
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[Fairfield] Black and White | Condos; commercial | 6-storeys | Under construction


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648 replies to this topic

#641 Promontory Kingpin

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Posted 04 February 2019 - 03:52 PM

Abstract appeals to a well off but naive Oak Bay market that trusts them enough to figure if they’re building something it must be good, and they pass that information onto their offspring (who usually rellies on the elder’s funds for a down payment).


Does anyone know why other developers of steel/concrete buildings (are) still pricing at less then what Alpha prices for wood??

the market! alpha charges what they will get..


This feed exactly into my point...

Edited by Promontory Kingpin, 04 February 2019 - 04:02 PM.


#642 Mike K.

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Posted 04 February 2019 - 04:37 PM

Kingpin, your last post was removed.

 

This is not a dumping ground for anonymous grievances. You've said your piece, now move on.


Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#643 Nparker

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Posted 04 February 2019 - 04:44 PM

So... are we good now? Everyone’s flushed out their angst or should we have another round?

:muching_out:


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#644 aastra

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Posted 04 February 2019 - 04:49 PM

Methinks it's always going to be difficult to make direct comparisons between concrete condo towers in areas like Oak Bay/Fairfield/Oaklands and concrete condo towers in Vic West/downtown.



#645 Victoria Watcher

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Posted 04 February 2019 - 04:54 PM

exactly

#646 Kapten Kapsell

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Posted 04 February 2019 - 05:42 PM

Does anyone know why other developers of steel/concrete buildings (are) still pricing at less then what Alpha prices for wood??

the market! alpha charges what they will get.


But everything built by Alpha Project Developments over the past decade has been concrete (Aria in 2009 followed by the Mondrian and Legato; 1400 Quadra is now underway and will be a concrete rental tower).

Are you confusing Alpha and Abstract...?

#647 Victoria Watcher

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Posted 04 February 2019 - 05:51 PM

sorry meant abstract

#648 Glen

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Posted 06 February 2019 - 01:54 PM

So much Abstract bashing.............?

 

Bellewoods may (is) at a premium price per sq. ft. But if you are living in Oak Bay or Rockland and downsizing into a ("NEW") condo from a home you, likely want to stay in the area and not live downtown.  So what are your options?  Every city has buildings in certain areas that have a niche.  Buyers from other provinces that have high property values also find these type of developments attractive, even at the current price points. Affordability is only relative to your own success.

 

 

Selling a home at $2-4 million makes Bellewoods a very affordable move



#649 Torrontes

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Posted 07 February 2019 - 07:01 AM

You are right Glen, this is a niche project which is relatively modest in scale. It's only 83 units in total (51 in concrete 6 story Oaks; 23 in frame 4 story Cypress; and 9 frame three-story townhouses). Irrespective of affordability, no one wants to make a bad investment decision, and the retirees purchasing units in this project will have an investment/resale time horizon.

 

The three components are presumably targeted at quite different groups of buyers. Abstract's challenge will be trying to charge premium pricing for the smaller units, say those less than ~75 sq.m. At some point simply having a Wolf stove and LED closet rods doesn't compensate for a lack of space!



 



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