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Its a block and a half away. As far as comparables go, its the best one that is out there as far as resale condos.

Strong as in good value. Consider 18 Yorkville has recent sales averaging in the $800 PSF. It was thought that this development would be in the $750-$850 range, and it still may be. But its interesting that it looks like they are going lower then that at $700 and under. I should have pricing soon.

When pricing, developers try to price their developments at or about the Price per square foot of the resale units in the area. Ive heard to expect the units at The Yorkville to be below $700 PSF, which is pretty strong considering the prices on the re-sale market. Not sure if they will be that...

I have heard through the grape vine that the pricing will be pretty strong for the area. Should be below resale.

It depends on what is spelled out in the Agreement of Purchase and Sale. There should be a specific clause that dictates how the Deposit is to be handled and what fees or interest would be attached if the project fails to move forward. Id be interested to see that clause.

Very true. If a project is only asking for 15% down, with 5 years closing (with anticipations it could go 6-7) and the ability to get anywhere from 10,000-30,000 off of the original price, the best option for investment in my opinion is pre-construction. Im biased, but I have seen it succeed.

Are the down payments structures similar? When is the expected closing date of each building? What is the comparable sales in the area? Is it for rental or flipping? All worthwhile questions when looking into an investment.

Congrats. Good on your agent, those roll calls are crazy, but needed. There have been line ups at One Park West, Daniel's other big project, for about two weeks now.

Thanks Cam, happy that you where able to get your unit last night. Congrats!

I was at the sales office today, looks like a strong project. Phase 2 will be very strong I would assume, based on the feedback and interest I have gotten. I did not see it posted on here, so here are the renderings at the site.

Was by the Development agian today. Was lucky enough to talk with some higher ups. As of right now nothing is concrete, but I would expect any Phase 2 to be bigger then phase 1. It will depend on the sales, but thats my feelings. EDIT Sept 21: Tonight was the VIP night. Looks like the...

Yup. Should be interesting to see how big they go with phase 2. I dont think Daniels is even sure yet. Ill try to see what I can find out when im at the sales event next week.

Thanks for the Welcome! No problem, Ill try to get some more in the coming days Im excited about this one!

I was at the Pre-Sale presentation today. 236 units with 20 different models. Ranging from 450 - 1276 Sq. Ft. Sales start very soon