Royal Connaught Hotel | ? | 36 fl, 33 fl, 24 fl & 13 fl | U/C

[StEC]

They put up a short teaser video, I LOVE that podium and covered walkway so much! Not sure how to embed a video let alone a Vimeo video.

https://www.modernecondos.com/the-mo...n-the-horizon/

[Innsertnamehere]

The colonnade looks nice until people start sleeping in it.

[TheHonestMaple]

Originally Posted by Innsertnamehere

The colonnade looks nice until people start sleeping in it.

lol, so true.

[HamiltonBoyInToronto]

I really hope this gets built !

[hamiltonresident]

So did this actually launch on sept 13th or does Spallaci continue to lie?

[Canuck905]

Just saw an ad on Instagram saying 'Appointments Now Available'.

[escolt45]

I've got a few messages too, but I walked by their sales center today and it was pretty quiet.

For some reason I don't know why Hamilton developers refuse to hire big time Toronto marketing firms. I get it, the sticker price of 10% commission is high, but Kiwi sold out in a few days, 1 Jarvis sold out in a few days, TV city is pretty much sold out, Emblem is well on their way to selling out.

Toronto marketing firms can also increase their unit selling prices. Hamilton developer think 1000psf, Toronto firm can market at 1200psf.

No Hamilton development will sell out without the international broker network and that costs a minimum of 4%, otherwise these agents will push their clients to crappy projects in garbage cities like Kingston, London, and KW, or even St Catherines and Font Hill for that matter.

[ScreamingViking]

While I hate saying so, feels like this has become Stinson-esque. Regardless of new ads popping up in feeds.

Promise much. Deliver... what?

Or they're trying to time the market, and keep adjusting...

[RealtorMarc]

Originally Posted by escolt45

I've got a few messages too, but I walked by their sales center today and it was pretty quiet.

For some reason I don't know why Hamilton developers refuse to hire big time Toronto marketing firms. I get it, the sticker price of 10% commission is high, but Kiwi sold out in a few days, 1 Jarvis sold out in a few days, TV city is pretty much sold out, Emblem is well on their way to selling out.

Toronto marketing firms can also increase their unit selling prices. Hamilton developer think 1000psf, Toronto firm can market at 1200psf.

No Hamilton development will sell out without the international broker network and that costs a minimum of 4%, otherwise these agents will push their clients to crappy projects in garbage cities like Kingston, London, and KW, or even St Catherines and Font Hill for that matter.

To be fair, Jarvis and Kiwi both started sales at a time where the market was much hotter, interest rates much lower and there wasn't as much certainty.
With the way condos are sitting on the market longer and longer these days, prices are starting to adjust downwards and people may not be willing to pay for units "starting in the mid 500's" as much as they were in the last 2 years.

[ScreamingViking]

Originally Posted by RealtorMarc

To be fair, Jarvis and Kiwi both started sales at a time where the market was much hotter, interest rates much lower and there wasn't as much certainty.
With the way condos are sitting on the market longer and longer these days, prices are starting to adjust downwards and people may not be willing to pay for units "starting in the mid 500's" as much as they were in the last 2 years.

To be more fair, the entire Connaught project has had a much longer history, hasn't it?

Kiwi started to be discussed on this forum in April 2017 and 1 Jarvis in June 2020. The multi-phase RC tower project got going in 2013 I believe, first rendering posted here, at least on this site for skyscraper geeks.

I really want to see this happen. But can our cynicism can be forgiven, given the history of failed grand visions in this town?

[RealtorMarc]

Originally Posted by ScreamingViking

To be more fair, the entire Connaught project has had a much longer history, hasn't it?

Definitely not disagreeing, just seems like they're choosing a bad time to start sales.

[ScreamingViking]

Originally Posted by RealtorMarc

Definitely not disagreeing, just seems like they're choosing a bad time to start sales.

Maybe they missed the boat, for now. Though others seem to be selling in spite of the market.

Each development is its own beast, with its own financing and backing. I hope the RC project weathers current real estate issues and gets going. Or that the subsequent phases are sold to a different developer who can shake things up.

[hamiltonresident]

What are these appointments for exactly? Are they really to look at pricing and the disclosures and put down deposits? Or just for viewing???

No offence to Spallacci but with interest rates the way they are and going up, should you be selling this what 70-90M tower through these passive appointments with NO LAUNCH and no mention on social or in the paper??? They just have some random ads. The original building launched 8 YEARS AGO and they only within the past 2 years sold out all the units and that was the talk of the town back during the launch with line ups down the street.

Sorry but I don’t believe they are launching. Maybe they need a new business strategist.

[TheRitsman]

Originally Posted by hamiltonresident

What are these appointments for exactly? Are they really to look at pricing and the disclosures and put down deposits? Or just for viewing???

No offence to Spallacci but with interest rates the way they are and going up, should you be selling this what 70-90M tower through these passive appointments with NO LAUNCH and no mention on social or in the paper??? They just have some random ads. The original building launched 8 YEARS AGO and they only within the past 2 years sold out all the units and that was the talk of the town back during the launch with line ups down the street.

Sorry but I don’t believe they are launching. Maybe they need a new business strategist.

I'll offend Spallacci. Those guys are a bunch of rich Chad Bros

[ScreamingViking]

Originally Posted by TheRitsman

I'll offend Spallacci. Those guys are a bunch of rich Chad Bros

Dude?

I kind of chalk it up to a first foray into something of this type and scale. While I think they have the financial means to pull it off, do they have the skillset to do it? Or would they be better off partnering with (or selling to) a firm that does?

[ScreamingViking]

Originally Posted by hamiltonresident

should you be selling this what 70-90M tower

She will be much taller than that. 36 floors for the next phase... 110-120 metres most likely.

Others are selling (and selling out) 30-ish storey multi-tower condo complexes though. So what's the deal here?

[TheRitsman]

Originally Posted by ScreamingViking

Dude?

I kind of chalk it up to a first foray into something of this type and scale. While I think they have the financial means to pull it off, do they have the skillset to do it? Or would they be better off partnering with (or selling to) a firm that does?

Follow them on insta for instantaneous cringe

[Wigs]

I'll believe this phase comes to fruition when I see the tower crane

[urban_planner]

I had this in my email today.

[spaghettisam]

Originally Posted by urban_planner

I had this in my email today.

What are the odds this actually means something?