Bla Bla Bla from Cresford Did your reply from Paul Stevens look similar to this? "An update letter will be distributed to all MODE purchasers next week. Please stay tuned for further information. Sincerely, Paul Stevens" .......I received this reply email from him on August 30th...

I think the reason Cresford is giving us the silent treatement is because our purchase agreement states that we may withdraw from the agreement and receive a refund within 10 days of when it is made known to us of a material change in the agreement. It is safer for them to not say anything at...

Paul Stevens extention is #250 if you want to bypass reception and go directly to his line. This way you can leave as many messages as you want. email: pstevens@cresford.com It would be nice if we could meet with the developer in an open forum to discuss as a group our options, perhaps...

Yes, you would think that before they sold any units, they would have recieved prior approval by the city for the height of the building at the minimum. You would also think that they would have a contingency plan ,other than project cancellation, should the city not approve the height of the...

If indeed they are losing an entire floor on this project, I think the only way to work with Cresford would be to : A. Pay more for the units we already purchased, something in between current market and the price we paid. B. Cresford could design a new 10 storey layout and either...

Keep Posting! Let's post on as many boards as possible to find other purchasers. The threads show up on google searches for Mode Lofts, so that's good. Is there anyway for a lawyer to get the info of all the Mode purchasers in the even of a class action suit if we can actually take it that far?

News Reporter Contact I had somebody message me this on another board, I plan on sending an email, I think we all should. Here's the message I got. A law suit will only be profitable in numbers, perhaps if this hits the news, we will get in contact with more purchasers somehow. "This...

Spoke to my Lawyer and looked at the Purchase Agreement, the agreement is pretty iron clad, they can pretty much do anything they want. Here's what my lawyer told me: "....if they cancel all the contracts and then try to re-market essentially the same project (with 1 less floor or so)...

Ya, you people are right, I'll just talk to my lawyer IF and WHEN it gets cancelled, not much I can do about it now anyways. What a horrible experience this has been, my first purchase too. Thanks for all the advice and posts.

So are you saying, we should have some legal recourse? I need to really review my purchase agreement, see if this contingency was stated. I'm sure at this point, all the purchasers would be willing to pay some more money to get this building built, as long as the end cost is below market...

Legal recourse? Thanks for the Doc. Now why couldn't Cresford keep us up to date like that. Anyone know if the purchase agreement covers the developer from blunders such as these? Shouldn't approvals for items which can kill a project be approved prior to selling their first unit...

That's true, doesn't make sense at all. So if it's just set backs, they still should be able to make a nice enough building and floorplan for the upper floors to charge a ridiculous amount of money for at going market prices right? If the building is too tall, I volunteer to give up a foot of...

Some News.... Just spoke to someone at Cresford. I know, I actually got somebody on the phone. They told me now that they would have an answer by tomorrow morning about the status of the building. The City is giving them the final word on the plans. I was told that the top 3 floors were not...

Actually, that's what they told me was the delay at the beginning of the year. Also said something about it taking the city 40 business days to turnaround and approve new plans. It's been 8 months now, so I guess the city rejected them 4 times? I find that hard to believe it takes that long...

Got an answer After sending e-mails and calling, I finally got a reply by email. Apparently there will be an update released next week, I wonder if this release would have come anyways if I didn't leave all these messages. I hope they aren't just telling me this to stall me for some reason...

Anyone know the why this project is so delayed? I heard they sold out the first 6 floors but now the sales office is closed. Occupancy was set for 2008. I called the head office and left numerous messages but got no reply. Sales office is still standing there so I guess 2008 is out. From...

Mode Lofts Does anyone know why the sales office is closed? I've been trying really hard to get a hold of anyone who can tell me the new occupancy date and reason for delay. Anyone know anything?