Liberty Village Towers/Bliss
There seems to be something about every project in the city on here but this one, so I thought I'd start.
Here's what I know. They're already more than a year behind (construction was supposed to start in October 2006), but have decided to build LVTO and Bliss (including the townhomes, lofts, and 2 towers) at the same time instead of having the 1-2 year lag between as originally proposed. According to my sale agreement (in the Liberty Village Tower), the original occupancy date was Dec. 2008 and they have a 24 month extension, so Dec. 2010 at the latest. Personally, I don't care when it's built by, as long as it's built. They have also extended the economic feasibility deadline twice - once by 3 months (from June 30-Sep 30/07), and then again by 6 months (til March 30/08), offering people the choice of signing and agreeing or getting their deposit back. Of course, getting the deposit back would mean a massive loss in appreciation for the buyer and a partial windfall for CanAlfa should anybody have taken advantage of it and they resell the units at a far higher price. I was initially worried about this as I thought it signalled a possible cancellation of the project, but then, from a business perspective and maximizing profits, it seemed like a smart thing for them to do (a possible scare tactic?).
There is now a very deep hole in the ground and trucks and shovels seemed to be working hard all last week to get the 5 stories dug out - it's quite a huge hole to say the least. Not as deep as the TIFF bldg, but much wider and longer. That being said, it seems that some work has been happening on and off for the past 6 months, but never reaching any sort of mass to allay my fear of cancellation entirely.
I found my experience with them so far to be quite pleasant. They were very accomodating with my requests, upfront for the most part (I've done my due diligence - even with the CBC show slightly slagging them), and I've always been given an answer to any question I've had. It might take them awhile to get back to me, but at least they do.
If anybody knows anything more about this project or would like to share their experiences with CanAlfa, I'd love to hear. I'm also thinking of setting up a separate Liberty Village Towers/Bliss bulletin board just for us owners - as it's been invaluable for information in the condo I currently live in. Let me know what you think.
