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Superstar
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The Ninety was on Big City Broker tonight... they sold 80 units or so during a launch event (I forget if it was a brokers event or a public event), wanted to sell 90. repeat is at 1AM I think
Any updates on this project? They just had a "discount sale" over the weekend, where prices were dropped to opening day levels (reduction of $5k - $25k).
Thank you for purchasing a unit at The Ninety. We wish to further update you as to the progress on the project.
We are pleased to confirm that the project has seen strong sales and is now over 73% sold. We are very happy with the number of sales and the confidence you the Purchaser have shown in this new condominium.
The Queen East neighborhood continues to thrive and develop with many new restaurants, business locating close to The Ninety. Queen East has been described as the "Soho" of Toronto and we remain confident that you will be very pleased to own a unit in this vibrant neighborhood.
We have now completed our "working drawings" that will be used for construction of the building. This process involved finalizing the architectural, mechanical, electrical & structural details of the building. We have now submitted for building permits to begin construction. Based on the typical timing for the City to review, approve these drawings and issue a building permit, we intend to begin demolition and excavation of the south building in May.
We do however confirm that, due to the economic downturn, it has taken longer to achieve the sales needed to begin construction, which in turn has delayed the start of construction. Accordingly, we will need to amend the Tentative Occupancy date for the project to November 1, 2011. Pursuant to Section 14 (c) of the Purchase and Sale Agreement we are required to give you written notice of this revised Tentative Occupancy Date and do so Herein.
We feel strongly that the location and the design of The Ninety is exceptional. We are also confident that an investment in the building will prove to be above average for you the Purchaser and appreciate your faith in this project.
Going forward, as construction begins, we will now begin to do more regular updates, which will be posted on our web site at www.theninety.ca. We will post construction process photos and also set-up a live-eye web cam of the site so you can watch the building being constructed.
Thank you for purchasing a unit at The Ninety.
Yours truly,
Chris Harhay
Vice President