SOLA | 26.21m | 9s | Ocgrow | Riddell Kurczaba

[Cowtown]

This must be another one of those 'behind the scenes, sell to investors' projects. There has been no 'front facing' marketing (i.e sales centre)

That would be mu guess. You can probably find ads for it in Toronto.

 

[Alex_YYC]

Passed by there yesterday and unfortunately no building action. The only building happening is the rust building up on the fence.

 

[doj201]

Does anyone know the state of this development these days? I've been meaning to drive by it..

 

[Zoom]

The last time I drove past (about a week ago) it was still in the same state.

 

[haltcatchfire]

Alexa is gonna be 90 before she gets integrated into this one.

 

[1875]

usb port supply chain issues?

 

[Alex_YYC]

They are still developing the Phone app that will build it.

 

[Calgcouver]

I don't know much about Ocgrow, hoping they have a strong enough construction team locally to execute on this project. I wonder if they need a builder partner to execute on it? If so they should put out an RFP to JV on the site.

 

[Cowtown]

Nobody knows anything about them, and that’s the problem. This is a fair sized project for small unheard of developer.
It’s a big decision for people when theyre buying a condominium, they want to have faith the developer can get it built.

 

[AJX]

Hopefully they are able to top up their sales and get this built.

 

[Thrillhou]

For sale sign on the lot and all the Sola signs have been removed. Alexa, consider this one dead.

 

[Alex_YYC]

Probably for the better. Nothing was happening, time for someone else to take a shot at it.
The location has already been approved for a development and should be easier for another developer to come and build something of a similar scale.

 

[CBBarnett]

For sale sign on the lot and all the Sola signs have been removed. Alexa, consider this one dead.

There’s quite a few development sites for sale right now - I assume lots of small and inexperienced players getting caught with reduced sales + rapid interest increases?

 

[gsunnyg]

When have condo presales been good in Calgary for the past 10 years? This is just part of the long list of developers bailing on unsold projects in Calgary. Developers like Truman are having to advertise to Toronto residents or occasionally we'll get a deep-pocket investor or fund buying up all the units to have rentals.

 

[KensingtonLurker]

This site now has signage up from Porte as well as a Land Use Change sign.