Calbusier
Active Member
Slowest. Build. Ever... I know that isn't very insightful but it's painful to watch how slow the progress on this one has been.
Agreed.Slowest. Build. Ever... I know that isn't very insightful but it's painful to watch how slow the progress on this one has been.
New residential construction is not ASI's specialty. They have a lot more planned in Mission so hopefully they will figure it out.Slowest. Build. Ever... I know that isn't very insightful but it's painful to watch how slow the progress on this one has been.
Slowest. Build. Ever... I know that isn't very insightful but it's painful to watch how slow the progress on this one has been.
Agreed but they have hired a GC to build it for them....New residential construction is not ASI's specialty. They have a lot more planned in Mission so hopefully they will figure it out.
They are on their 2nd maybe 3rd G.C. and the design changes mid-construction further complicated things. That would be on ASI not the G.C.Agreed but they have hired a GC to build it for them....
Very true!!! I heard they have also gone through 2 or 3 third party project managers as wellThey are on their 2nd maybe 3rd G.C. and the design changes mid-construction further complicated things. That would be on ASI not the G.C.
So from commercial, to market condo, to PBR..... I don't think ASI has their finger on the pulse of the market....Not enough pre-sales. Likely switching to rental
I think you might be thinking of the wrong project. This one is on Elbow and 50th. The project on 17th is called The Fifth (but it also has very weak presales). Totally agree with you on the stress tests and we are starting to hear rumblings that it may be removed or reduced soon. Here is hoping!I would have expected at least some decent sales seeing its alng 17th ave. Thats just depressing to hear. Hate to sound political for a minute but a change of government either Federally or provincially will hopefully reverse the stress test. I know a few people waiting on the side lines to buy property but can't qualify anymore for what they want.
I think you might be thinking of the wrong project. This one is on Elbow and 50th. The project on 17th is called The Fifth (but it also has very weak presales). Totally agree with you on the stress tests and we are starting to hear rumblings that it may be removed or reduced soon. Here is hoping!