Pic taken Oct 20, 2012


QiS3R.jpg
 
If I bought a place here four years ago and drove by and saw this I'd be REALLY freaking angry. I've changed more than this site has changed in the past two years! Remember "Occupancy: 2012"?
 
lol. That's funny, but i didn't buy one. If i did, i'd be asking for my money back. On that note, is there some way to opt out of the deal seeing as they are so far past the completion date? There is a builder fine for single family homes when they go past the occupancy date on the contract.
 
^^^ on the purchase agreement there is an "Outside Occupancy Date" in addition to the "Tentative Occupancy Date."
The Outside Occupancy Date is typically either a year or two years after the Tentative Occupancy Date.
The purchaser can cancel their purchase agreement when this Outside Occupancy Date has been reached without any penalty and will have their deposit plus interest returned plus any Tarion delayed occupancy compensation awarded.

However if the developer revises/amends the Tentative Occupancy Date any time before the Outside Occupancy Date, the purchaser has 10 days to decide whether to continue or cancel their purchase agreement without any penalty.
 
One question I would like answered: With a foundation open so long to the elements, such as rain and the freeze/thaw cycle, how can the the structure remain sound? After all, just a little bit of water damage can undermine a house's foundation to the point that a a contractor must intervene. Why then can an under-construction tower remain exposed for so long?

:confused:
 
neuhaus said:
^^^ on the purchase agreement there is an "Outside Occupancy Date" in addition to the "Tentative Occupancy Date."
The Outside Occupancy Date is typically either a year or two years after the Tentative Occupancy Date.
The purchaser can cancel their purchase agreement when this Outside Occupancy Date has been reached without any penalty and will have their deposit plus interest returned plus any Tarion delayed occupancy compensation awarded.

However if the developer revises/amends the Tentative Occupancy Date any time before the Outside Occupancy Date, the purchaser has 10 days to decide whether to continue or cancel their purchase agreement without any penalty.
Click to expand...

The speed at which this one is going, the outside occupancy date will likely be reached before the building is finished. If i read this correctly, there could be a lot of people in a position to pull out.
 
Traynor said:
One question I would like answered: With a foundation open so long to the elements, such as rain and the freeze/thaw cycle, how can the the structure remain sound? After all, just a little bit of water damage can undermine a house's foundation to the point that a a contractor must intervene. Why then can an under-construction tower remain exposed for so long?

:confused:
Click to expand...

I would think the difference is that a typical house foundation is only about 9 or 10 feet deep with a thin layer of gravel resting on dirt, while these highrises get anchored dozens of feet down into bedrock and the dirt is just incidental as far as structure goes.
 
bmiller said:
The speed at which this one is going, the outside occupancy date will likely be reached before the building is finished. If i read this correctly, there could be a lot of people in a position to pull out.
Click to expand...

They probably paid a good price and most likely will hold on another couple more years to reap their investment.
 
They just starting pouring concrete for parking level one and added the first rebar that will poke out at ground level:
8131390111_4e59ec5ae8_c.jpg



And still finishing up concrete for parking level 2 in two places here:
8131380117_0a3c2d3646_c.jpg
 
neuhaus said:
However if the developer revises/amends the Tentative Occupancy Date any time before the Outside Occupancy Date, the purchaser has 10 days to decide whether to continue or cancel their purchase agreement without any penalty.
Click to expand...
Developers often amend their Tentative Occupancy dates multiple times and given it's likely before the Outside Occupancy Date (the last date). Are you suggesting that any change in the tentative date you can pull out? Wouldn't you mean the Firm Occupancy Date? http://www.tarion.com/Warranty-Prot...es/Condominiums-Tentative-Occupancy-Date.aspx
 
Councillor Kristyn Wong-Tam is holding a public consultation meeting tonight to discuss the design and development of the new expanded park site at 1020 Bay St., at the corner of St. Joseph St.

Park Design Concepts and Images for the new Public Park will be presented at this meeting.

Time: 7 to 9 p.m.

Location: City Hall, Committee Room 4, 2nd Floor, A street reception, 100 Queen St. W.

http://ward27news.ca/events/december-5-50-st-joseph-community-consultation
 
AlbertC said:
Councillor Kristyn Wong-Tam is holding a public consultation meeting tonight to discuss the design and development of the new expanded park site at 1020 Bay St., at the corner of St. Joseph St.

Park Design Concepts and Images for the new Public Park will be presented at this meeting.

Time: 7 to 9 p.m.

Location: City Hall, Committee Room 4, 2nd Floor, A street reception, 100 Queen St. W.

http://ward27news.ca/events/december-5-50-st-joseph-community-consultation
Click to expand...

I attended. It is a very promising start. The space will address all age groups and very preliminary plans include natural play structures, a variety of seating, some fountains like in Y-D Square, and a plaza at the north end. It felt good. NAK design is the firm.
 
You must log in or register to post here.

Back
Top