I recently spent some time meeting with the people involved in this project. It's well-run and I'm confident that it will get built.
I ended up deciding not to buy in because the prices are simply too high: average $586 per square foot up to $611 per square foot for family-sized units (some of which have been bought by well-off retirees, unfortunately). Those are the estimates without the interior plans even being finalized, never mind construction overruns.
If you're sure that you're going to spend half your time in the communal space, those prices are reasonable. But my concern was that if it ended up being used as regular condos like Cardiff Place, I would have a mortgage larger than the market value of my unit.
Those are crazy prices! Why on earth would someone pay those prices when that is so far above the norm?
And here is another question - what would ones exit strategy be? This concept appeals to such a limited marekt how could one expect to easily re sell and even more re sell at at least the rate of inflation over the time one owns it. This seem like some pretty Utopian thinking to me.