Clearshades
Senior Member
The elevation which abuts next to 98ave would most likely have sound proofing.
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IanO
Superstar
EdmTrekker
Senior Member
Quite a dysfunctional layout - bedroom door off the dining room. Dining room separated from the kitchen by the living room. Etc.
Whatup
Active Member
I'm in the market for a condo in the Grandin area and the Symphony looks very nice - condo fees are quite reasonable as well. I'm worried about the glass though and what future condo fees or special assessment payments might look like. Anyone have any info on this condo and its quality / condo management? Also, Grandin Manor - what's a better choice Grandin Manor or Symphony Tower? Thanks
IanO
Superstar
^Do your due diligence, get minutes, ask questions. I believe that there was some drama initially, but have to hope most is now sorted in terms of builder/developer issues and lawsuit.
It's a nice building, VERY attractively priced, far more modern than Grandin (which was built well - good ol True North Properties), but is dated and would be at a far higher risk of special assessments generally speaking, higher fees etc.
The glass is spectacular and views/natural light would be amazing.
It's a nice building, VERY attractively priced, far more modern than Grandin (which was built well - good ol True North Properties), but is dated and would be at a far higher risk of special assessments generally speaking, higher fees etc.
The glass is spectacular and views/natural light would be amazing.
Whatup
Active Member
Thanks for the information - do you know if there are any new condos being planned for Oliver or Grandin that aren't rentals? All the new product seems to be rentals but I am only interested in purchasing. Thanks
IanO
Superstar
The new condo market is essentially non-existent and so you will not see much for sale, but there is a ton of re-sale, even some new-ish places.
Whatup
Active Member
Thanks for your help - what about places in the burbs like "Edge at Larch Park" or "the Quay" - are these places decent quality?
IanO
Superstar
It's less about location (I won't get on my location soapbox) and more about due diligence, checking minutes, trying to reach out to owners, maybe even grilling the management company.
IanO
Superstar
Still quite a few units available on MLS, private and otherwise.
Has the building been stabilized?
Has the building been stabilized?
Greenspace
Senior Member
It has a properly function board, yes. Financials are fine. Bank paying condo fees on remaining units.
David A
Senior Member
I know someone who has a unit here and while I haven't talked to them recently, they haven't mentioned serious problems or concerns about this building.
I feel the recent recovery and increase in condo prices should probably help stabilize and clear the market in general if it continues.
I feel the recent recovery and increase in condo prices should probably help stabilize and clear the market in general if it continues.
northlands
Senior Member
Was reading there were ~$5,000,000 in additional project costs due to the shoring issues they had right off the bat on this one. I don't recall the original renderings but given the oil price crash as well it's pretty amazing they didn't value engineer the whole design into a rectangle with punched windows.
Greenspace
Senior Member
Wasnea's signature project. It was the first thing I did in 2004 for the community league was talk to Allan about this project. He put his own money on the line to build it but eventually lost it due to weak market. But everyone I know that lives there likes it and hasn't' mentioned any issues. Good board as well I hear.
TAS
Senior Member
In our discussions about local developers and raising the bar, this seems like a project that did that - I think at the time it had Edmonton's most expensive condos, although there was a big range in prices.
Anyway, is the developer of this project no longer in the development business? Any chance we'd see another project from him?
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