this is just hilarious. cat fights break out over X2!
http://network.nationalpost.com/np/...nother-condo-line-battle-on-bloor-street.aspx
Another day, another condo-line battle on Bloor Street
Posted November 25, 2009, 6:14 PM
By Peter Kuitenbrouwer
A street fight broke out this morning on tony Bloor Street among real estate agents vying for position in a line to buy condominiums in a tower promoted by Baker Real Estate. Hmm. Haven’t you heard that one before?
Today's clash next to the Royal Ontario Museum brought the press scrambling and gave the developer, Great Gulf Homes, a torrent of free publicity. It came two years almost to the day after a confrontation among agents lining up to buy units in the Bazis tower, an 80-storey building planned for the corner of Yonge and Bloor streets. Baker Real Estate marketed that project, too.
The Bazis drama now stands as a marker of an overheated real-estate market; not long after, a stock market crash claimed the life of Lehman Bros., the Bazis’ financier, and the Bazis project collapsed.
The latest skirmish on Bloor involves a plan by Great Gulf Homes for X2, a 44-storey condominium tower set for occupancy in 2013, at the southwest corner of Charles and Jarvis streets.
Rather than sell units out of the sales centre they are erecting on Charles Street, the developer invited agents to shop today at a conference room on the second floor of the Intercontinental Hotel, on Bloor Street West. Bruce Freeman, head of sales and marketing for Great Gulf, insisted he did not pick the location nor set up the process to increase visibility.
“We’re not trying to create any drama,†he said today. “I do not need this media exposure, believe me.â€
Baker Real Estate did not return my calls.
A lineup of agents, which Mr. Freeman says he could not control, formed 10 days ago on the north side of Bloor, outside the hotel. It’s a terrible place for a line, since the Intercontinental is sandwiched between two other condo towers going up, each of which takes up big parts of the sidewalk: One Bedford, now 27 storeys high, opening next year, and MuseumHouse, set to open in 2011.
Casey Lee, an agent with HomeLife NewWorld realty, joined the line a week ago. He said Baker encouraged him. “They gave us the brochure, and they said we will give the priority numbers to the agents based on first in, first served.†Yesterday, Baker asked the agents to move the line to the south side of Bloor, where there was more room, he said.
“Then at 11:30 p.m. last night all of a sudden people formed a new line on the north side of Bloor. The developer selected to recognize that line. And we 60 people lost our priority and I lost six days of work and this is why we are so angry.â€
There also appeared to be a racial edge to today’s conflict: the agents who lined up for 10 days, but whose line was not respected, were almost all Chinese; the line that the developer recognized included Hindi and Hebrew-speaking agents.
Tina Chen of RealOne Realty, one of a group of angry Chinese agents who held a news conference at 3 p.m. today to denounce the events, said their lawyer advised them against using the word “discrimination.â€
But Emily Wang, No. 17 in the original line, described the hardship. “I was here for 10 days,†she said. “My friends helped pick up my kids from school. I know some agents have a baby, three months, seven months, they carry their baby in the line.â€
There must be a better way. As another agent remarked, by lining up, “We are not respecting ourselves. We are behaving like refugees.â€
Inside the hotel, two police officers guarded the Willard Room where the developer was selling the units; two other police guarded the hotel’s front door. They would not speak to reporters.
One agent who was waiting in the second line, Philip Birnbaum, insisted that the fundamentals of the Toronto condo market are sound.
“The Trump, the Ritz, the Four Seasons, the Shangri La are all selling for $1,200 to $1,300 a square foot,†he said. “Toronto is one of the most desireable cities to live in in the world. Real estate has nowhere to go but up. We have problems, but they are minor compared to other cities.â€
I guess that’s one way to look at it. Lots of cities would be happy to have our kind of street fights.