ADRM
Senior Member
I can't remember if it's been reported on this thread or not, but there is also now a new financial partner joined into this project with WB.
- Thread starter TorontoArchitect
- Start date
D
DavidCapizzano
Guest
Here's hoping they can at least get the public realm open for spring / summer this year.
Milaisacat
New Member
Westbank must have the lion's share of their capital tied up in the Oakridge Park (3,000+ units) and Sen̓áḵw (6,000+ units) projects in Vancouver. I can also see them slow-walking some of their condo projects to try and wait out current conditions and avoid a boatload of assignment headaches. That doesn't necessarily explain Mirvish Village, which is all rental, if I'm not mistaken (happy to be corrected).
nogoro
New Member
Indeed things appear to be moving along on "Honest Ed's Alley", as the south-eastern block of tiny commercial units are listed for rent on MLS. As for speculation on the revenue stream for Westbank, I guess Niagara College is also at the mercy of declining international applicants: https://www.niagaracollege.ca/insid...t-and-enrolment-update-rii-deadline-extended/
Hopefully there's enough students to keep the doors open on this campus.
A Torontonian Now
Senior Member
I know this is pedantic, but the misuse of "fulsome" is a personal pet peeve. If anything, overstating occupancy is in itself very much fulsome...
fulsome
[ fool-suhm, fuhl- ]
Phonetic (Standard)IPA
adjective
- offensive to good taste, especially as being excessive; overdone or gross:
fulsome praise that embarrassed her deeply; fulsome décor. - disgusting; sickening; repulsive:
a table heaped with fulsome mounds of greasy foods. - excessively or insincerely lavish:
fulsome admiration.
Northern Light
Superstar
It is a tad pedantic, but I don't mind............
However, if we're going to do that, LOL
Collins:
Dictionary.com:
Mirriam Webster:
Johnny Au
Superstar
From Wiktionary:
Adjective
fulsome (comparative fulsomer, superlative fulsomest)- Offensive to good taste, tactless, overzealous, excessive.
- Excessively flattering (connoting insincerity).
- Characterised or marked by fullness; abundant, copious.
The fulsome thanks of the war-torn nation lifted our weary spirits. - Fully developed; mature.
Her fulsome timbre resonated throughout the hall.
Usage notes
- Common modern usage tends toward the positive connotation, though some complain about this, and the use of fulsome in the sense of abundant, copious, or mature without contextual prompts may lead to confusion among readers familiar with the negative sense. Conversely, an intended negative connotation may not be understood by some modern readers.
officedweller
Senior Member
Westbank is scrounging up money by selling off its interest in completed projects:
Westbank Sells Remaining Stake In Deloitte Summit & Toronto House For $60.5M
Allied Properties REIT acquired stakes in Deloitte Summit and Toronto House from Westbank in March 2024, then acquired the remaining interest in December.
storeys.com
A Torontonian Now
Senior Member
Yes, to be fair, English is a living language and it is a word whose usage is changing. I just have not resigned myself to this particular change, while recognizing my fight is probably equivalent to shouting into the wind.
Natika33
Active Member
The upper management at my work loves to use "fulsome" with the new definition, but I shall now laugh everytime they do because the original definition would probably be more accurate given their BS. (i.e., We'll develop a more fulsome plan in the coming weeks.)
fiendishlibrarian
Active Member
Folsom semantic blues.
UtakataNoAnnex
Senior Member
That's fulsome not Folsom, lol!
evandyk
Senior Member
I think the battle on the proper use of the word fulsome has been lost. I used to try to wage it too, but alas.
maestro
Senior Member
Westbank is project manager for Squamish Nation. Senakw Phase 1 & 2 is fully financed with a $1.5 billion CMHC loan.
Westbank had better than expected sales figures at Oakridge Park which led than to spec built the whole thing at once. They seemed to have reverted back to building only the sold out towers and necessary rentals.
Also, Vancouver's condo market hasn't fallen off the precipice as Toronto's has.
Westbank had better than expected sales figures at Oakridge Park which led than to spec built the whole thing at once. They seemed to have reverted back to building only the sold out towers and necessary rentals.
Also, Vancouver's condo market hasn't fallen off the precipice as Toronto's has.
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Milaisacat
New Member
Thanks for that information. I seem to recall that at one time it was reported that Westbank was a 50% equity partner in Senakw through financing and acting as master developer for the project, notwithstanding the Squamish Nation retaining full ownership of the land and majority ownership of the development partnership. Perhaps the full financing through CMHC is an expansion upon partial financing that was secured when the project was announced? Again, happy to be corrected. Just going by an increasingly hazing memory of reporting from a few years back.