Community Scaled Model

March 17 2023 update

Liberty's crappy project Phase 2 approved by City of Markham Development Services Committee on February 28 2023: https://pub-markham.escribemeetings.com/Meeting.aspx?Id=80687736-db15-41b1-b68e-7addd79ba60c&lang=English&Agenda=Merged&Item=36&Tab=attachments Phase 2 is comprised of 2 towers @ 32...

Yeah thanks Markham for holding / freezing all applications for 4 years while you take your sweet time to update the Mount Joy Secondary Plan ... because developments projects can stall for that long (shame you try to blame the builder "at their own risk") :mad:

February 5 2023 Rest In Peace MARGO 💐 Unlike your siblings who are done

you are definitely correct regarding risk "buying before zoning in place" ... but that is a norm commonly seen in most precon development sales, that's why there are vendor's conditional clauses in the APS again it's surely not good outcome for us as purchasers, but frankly it is nothing new

pretty sure the MARGO project is more than 200 unit just count the number of units on the lower typical floor x 5 levels ... plus number of units on upper typical floor x 14 levels

compared to other cancelled projects (ie: Cosmo/Icona) i believe Aspen Ridge is the only one to offer cash incentive payment as a good will gesture for purchaser PR ... which legally they don't have to i think I know the $10k + that we purchasers receive is nothing compared to the $100k +...

true ... unfortunate but it does happen Aspen Ridge was held hostage by the City's Mount Joy Secondary Plan process too ... which I'm sure they didn't want either

I'm quite certain there are no grounds for lawsuits ... please talk to your condo lawyer and review your Purchase Sale Agreement ... its iron clad (just in case issues like this happen) good luck to all of us purchasers

MODs ... btw this is a CORE Architects project https://www.corearchitects.com/project/margo-condos/ I'm sensing that this project will eventually come back, in a similar form but taller ... whenever once the Mount Joy Secondary Plan update is finally done

To be fair ... a project that is delayed for almost 4 years is certainly not buildable from a developers perspective (ie: sold @ 2019 prices, but material/labour cost has jumped as we all know and will continue to ... until the project could 'potentially' start construction in 2024 ... thats...

It is truly sad that this project is not proceeding as it looks really good IMO ... but we can thank the City for the long delayed process placing a freeze on all projects while they do the MOUNT JOY SECONDARY PLAN update :(, which has been underway since Fall 2019...

Unfortunately it is real so sad .... MARGO is really CANCELLED Received the lawyers letter today with 2019 deposit returned (+$400 interest whatever) Highly doubt there is any merits for class action lawsuit as builders protect themselves in the APS to reserve all rights to cancel...

per Aspen Ridge ... Margo is officially sold out

Scaled Model of MARGO ... Core Architects ... 20 storeys

Some renderings:

Margo @ Union Indeed the proposed taller building (20 storeys) is by Core Architects ... no more 25 storeys Builder's website Application submitted on December 18th and 21st respectively in 2018 18 258912 ZA 18 258590 SPC "A (Major) Zoning Amendment application has been received from Bur...