simuls
Senior Member
CanAlfa will send you a letter by regular mail and one by registered mail that will outline your option to extend the EV date or back out and get your deposit back.
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- Thread starter zoom5566
- Start date
zoom5566
New Member
Thanks simuls 
ProjectEnd
Superstar
This thread is missing vital renders:
catcher_of_cats
Active Member
Thanks for the renderings
starks0980
New Member
Has anybody heard anything lately regarding this project?
They had originally slated occupancy for 2011 but I wouldn't be surprised to see this get delayed as they haven't even broken ground yet.
They had originally slated occupancy for 2011 but I wouldn't be surprised to see this get delayed as they haven't even broken ground yet.
bar1967
Active Member
They have until May 31st to secure financing....
starks0980
New Member
Anybody have any insight as to how things are going with this?
With the first 2 phases already under construction and phase 3 almost sold out this shouldn't really be an issue should it?
bar1967
Active Member
EV was extended to October 2010 in the latest letter from the builder. Tentative occupancy is now scheduled for mid 2012. They are having trouble getting financing - which they say is not specific to this building but in general for all highrise construction in the GTA.
Automation Gallery
Superstar
bar1967
Active Member
That's a cop-out on behalf of the builder.
I agree! We are taking this opportunity to back out.
starks0980
New Member
So just to clarify this means I have the option of backing out anytime before October 2010?
Andrew3D
Active Member
I'm hoping for design sake this one bites the dust. It makes little to no effort to fit in with the industrial feel of the area. Liberty Village could have been the next Distillery but too many developers out to make a quick buck were allowed permits by the city with little to no public input about how this area should be properly developed. It's turning more into a downtown Mississauga rather then a pedestrian friendly neighborhood. I'd like to see this property make another run at it in a few years with a design more akin to London or Vu with some street retail. Right now it just looks a bit 1970's in style and would better suit Avenue and St.Clair.
simuls
Senior Member
No, it means you have the option to back out before the "Due Date" of the most recent letter to you. You have to sign the form and return it to the builder (probably by the end of May) in order to keep your unit. Or you can not sign and your deposit will be given back and the offer to purchase voided. If you read the letter, it's pretty clear.
bar1967
Active Member
Exactly...
A quote from the letter..
Please note that if we do not receive the duplicate copy of this letter indicating your agreement on or before 5PM on Friday, May 22, 2009, we will be required to assume that you do not agree to the extension, amendment and waiver requested herein and this letter will constitute our formal notice to you of termination of the Agreement. In this event, we will forward a formal release to you that we will require be executed and returned to us in duplicate in order to refund your deposits plus any applicable interest.
starks0980
New Member
Appreciate the help....I think it would be useful if I actually received this so called letter. I'll check the mail again tonight