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Collingwoodbuildinglover said:
Does anyone know how the sales here have gone so far Pinnacle is kind of an outlier and it seems that they don't really put much worry into the market and build more and speculation than anything which isn't always a good idea but gives us some pretty good buildings
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A significant portion of phase one still sits unoccupied. I would guess that sales are not all that great.
 
Collingwoodbuildinglover said:
Does anyone know how the sales here have gone so far Pinnacle is kind of an outlier and it seems that they don't really put much worry into the market and build more and speculation than anything which isn't always a good idea but gives us some pretty good buildings
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What sales? Phase 3 is not in sales.

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Jeff Morgan said:
A significant portion of phase one still sits unoccupied. I would guess that sales are not all that great.
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Collingwoodbuildinglover said:
Could it be that phase 1 has a lot more investor condos that are sitting vacant as a result??
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@Collingwoodbuildinglover would be right: if Phase 1 still has lots of lights out, it would mostly be investor condos that haven't been rented. Phase 1 sold long before the market tanked.

In regards to Phase 2, they now have 15 more floors of suites to sell than they did when the building as a whole was on the market, so I suspect we will see those come to market as the building finishes up, before we see Phase 3 go on the market for sales.

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I think the issue is that Phase 2 got started during the construction of Phase 1. And folks are expecting Phase 3 would follow likewise...

...I guess the current "corrections in the market" put the breaks on that continuity. >.<
 
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