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APPROVED
Westbay Quay
Uses: condo, commercial
Address: Head Street at Lyall Street
Municipality: Esquimalt
Region: Urban core
Storeys: 6
Condo units: 85 (1BR, 2BR, live-work)
Sales status: pre-sales
Westbay Quay is a three-building, 85-unit all-concrete condominium complex with a ground floor retail componen... (view full profile)
Learn more about Westbay Quay on Citified.ca      Official website: https://goo.gl/B6m5KA
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[Esquimalt] Westbay Quay | Condos, commercial | 6-storeys | Approved


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126 replies to this topic

#121 Rulon

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Posted 23 November 2018 - 08:00 AM

I believe about six weeks ago they were sitting at 15% sold, so not a bad jump.
 

I would assume most (if not all) of those units recently sold are from the 20% discounted selection, which occurred in the last 6 weeks.



#122 Mike K.

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Posted 23 November 2018 - 10:32 AM

Yup, that's possible.

 

I whipped past the site today. Trees have been removed and all of the homes on the property have been boarded up in preparation for demolition.


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#123 tjv

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Posted 23 November 2018 - 11:15 AM

^thanks for the update, the houses have been boarded up and the fence has been around the site for around 3 months at least.  Perhaps they are waiting for a higher percentage sold to get a green light from the bank?



#124 Mike K.

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Posted 23 November 2018 - 11:18 AM

I think the trees having come down is new. The site looked pretty barren all of a sudden.

Most projects will receive their construction financing in the 40-50% range, I think?

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#125 RFS

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Posted 23 November 2018 - 11:56 AM

can anyone post a picture of a price list showing the 20%?

#126 shoeflack

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Posted 26 November 2018 - 09:16 AM

All of the foliage/trees on this site have been cut down and piled up for removal this week. Clears the way for equipment to come in a demolish the existing structures.

 

^^

I think the trees having come down is new. The site looked pretty barren all of a sudden.

Most projects will receive their construction financing in the 40-50% range, I think?

 

Took a drive past it myself this weekend as well. No new activity on the site since mid-September.



#127 Mike K.

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Posted 26 November 2018 - 01:21 PM

Oh, crazy. I didn't realize that the trees had already been removed. I must have driven up on the project from a different angle than I normally do.


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