90 George | 64m | 19 fl | Completed

[YOWetal]

Originally Posted by Boxster

Yes they appear to still own at least 9 units which is part of the problem as the owner (Canril or related Co.) cannot afford to carry those units for much longer (taxes, condo fees, interest, etc...) I presume. In addition, the commercial space is not 100% leased.

Problem for the developer, but good news for the condo corp as it will make it easy (er) to collect the judgement.

[AuxTown]

I heard today that the main floor of the retail portion is becoming a Scotiabank. Has anyone else heard this? It's a shame it won't contain any more retail stores. $50/sqft is too steep for most retailers I guess.

[cityguy]

Seems like NEW LOOK eyewear at 50 Rideau,will be gone by the new year. Is this where Scotiabank is moving?

[J.OT13]

Must have something to do with the City's expropriation of the Scotia Bank on the corner of Rideau and William. Once the subway's built, they can finally put something interesting in there.

[Urbanarchit]

Originally Posted by J.OT13

Must have something to do with the City's expropriation of the Scotia Bank on the corner of Rideau and William. Once the subway's built, they can finally put something interesting in there.

As in, demolish what's there and replace it with something much better? I like that idea.

[AuxTown]

Originally Posted by O-Town Hockey

I heard today that the main floor of the retail portion is becoming a Scotiabank. Has anyone else heard this? It's a shame it won't contain any more retail stores. $50/sqft is too steep for most retailers I guess.

Shoot I put this in the wrong thread. I was referring to the retail portion of 700 Sussex not 90 George! Not sure if 700 has a thread though.

[J.OT13]

Originally Posted by O-Town Hockey

Shoot I put this in the wrong thread. I was referring to the retail portion of 700 Sussex not 90 George! Not sure if 700 has a thread though.

That makes more sense. Still means they'll move out of the William/Rideau spot.

[J.OT13]

Originally Posted by defishel

As in, demolish what's there and replace it with something much better? I like that idea.

I would love something at least as tall as 90 George's podium.

[kevinbottawa]

Originally Posted by O-Town Hockey

Shoot I put this in the wrong thread. I was referring to the retail portion of 700 Sussex not 90 George! Not sure if 700 has a thread though.

The upstairs and most of the downstairs retail space at 700 Sussex is gonna be a Greco gym. There's a Coming Soon sign in the window already. Waste of good retail space on a shopping street if you ask me.

[Harley613]

I'm pretty stoked about that Scotia Bank disappearing. What an ugly building.

[J.OT13]

Originally Posted by kevinbottawa

The upstairs and most of the downstairs retail space at 700 Sussex is gonna be a Greco gym. There's a Coming Soon sign in the window already. Waste of good retail space on a shopping street if you ask me.

The Rideau Centre has a gym and so does the Westin; I too don't understand why they are wasting retail space in that building for yet another gym. How big is that retail space anyway? Might have been a good spot for Saks.

Harley613, I concur; the demolition of that piece of junk Scotia Bank calls for a celebration! Q the fire works!!!

[theoldv]

Originally Posted by J.OT13

The Rideau Centre has a gym and so does the Westin; I too don't understand why they are wasting retail space in that building for yet another gym. How big is that retail space anyway? Might have been a good spot for Saks.

that space also worked out real well for the previous gym..

[Boxster]

Still no movement of the remaining units still for sale....I am sure this must be a record for slow condo sales in Ottawa. It has been a least 4 years now.

Coming in second must be The Opus building which still has a number of expensive penthouses (over $1M) for sale.

[YOWetal]

Originally Posted by Boxster

Still no movement of the remaining units still for sale....I am sure this must be a record for slow condo sales in Ottawa. It has been a least 4 years now.

Coming in second must be The Opus building which still has a number of expensive penthouses (over $1M) for sale.

The lawsuits really seemed to have scared everyone off as these units that once seemed over, or at least very ambitiously priced are now actually quite competitive with the prices in nearby far less luxurious buildings e.g. the Claridge towers.

[YOWetal]

Originally Posted by c_speed3108

I am not a lawyer. This is not legal advice. If you want that see a real lawyer.

There are 4 separate legal proceedings.

1) The first is against (presumably) Canril or some related shell company. This is for a first year deficit. My understanding of the condo act is the developer must cover first year budget shortfalls. This is to (try to) prevent developers telling buyers a new condo will have super low fees. The condo would have a pretty good case here I would think.

2) The second is against the owner of the commerical space. I imagine this is again a shell corp owned by Canril. Sounds like the condo feels it is owned money for certain services. This is going to some form of arbitration.

3) The condo is suing (presumably) Canril misrepresenting how much the reserve fund contributions need to be. (i have no idea if this is a good case or not)

4) The commercial owner (again probably a shell corp owned by Canril) is suing the condo corp for various things the condo corp has down. The condo corp believes this is BS and the condos insurer is defending this lawsuit.

So plaintiff in 3 is the condo corp. The condo and it's insurer is the defendant in the last one.


Again. NOT legal advice. This is just a layman's explanation of what all these are.

I understand that the Condo Corp has notified owners that the corp has won lawsuit number 1 (first year deficit) and were awarded over $100k including costs.

[p_xavier]

Originally Posted by bobcage

builder aside ....
best quality in that "area" is the galleria(s)
"bang for your buck" galleria wins hands down.

I went through them all so I know ......

lots of upgrades ei Stainless steel appliances, granite counters ect were all included in the pricing @ the Galleria.

200 Rideau or any of the other Claridge buildings you had to pay for any upgrades or you'd get cheap carpet and cheap counter tops and cheap white coloured apliances

also,the price per sqf were initially a bit cheaper at the Galleria but I think that has now leveled off now....

The Galleria are probably under estimated because of the taller towers around them -

I am still flabbergasted about the condo market in Ottawa. All what you call "upgrades" here were normal in Montréal. Heck, I'm getting a Bertazonni gas stove and glass doors for my next loft, and that's standard!

I still can't believe that many promoters are actually installing carpet and you need to pay for hardwood!!!

[JackBauer24]

There are still builders offering cheap materials in Ottawa (just like they do in Toronto and Montreal) but there are also builders offering a great minimum standard too - you really do pay for what you get in Ottawa. Spend cheap, get cheap.

For builders, it depends what market group you are trying to appeal to and what neighbourhood you're building in. If you were building a new condo in the Glebe, the minimum expectation of buyers would be hardwood and higher end appliances, but for a project in Vanier or on Caldwell, the expectation would be quite different.

I'm going to guess your loft with the Bertazonni stove is probably in a nicer area - perhaps Old Montreal?

Out of curiosity - what are you paying for your loft in Montreal?

Originally Posted by d_jeffrey

I am still flabbergasted about the condo market in Ottawa. All what you call "upgrades" here were normal in Montréal. Heck, I'm getting a Bertazonni gas stove and glass doors for my next loft, and that's standard!

I still can't believe that many promoters are actually installing carpet and you need to pay for hardwood!!!

[YOWetal]

Originally Posted by d_jeffrey

I am still flabbergasted about the condo market in Ottawa. All what you call "upgrades" here were normal in Montréal. Heck, I'm getting a Bertazonni gas stove and glass doors for my next loft, and that's standard!

I still can't believe that many promoters are actually installing carpet and you need to pay for hardwood!!!

I agree. In Lansdowne there are units that are well over $500 a Sq Ft with carpet and laminate floors.

[nredding]

If you were building a new condo in the Glebe, the minimum expectation of buyers would be hardwood and higher end appliances,

The Holmwood town and terrace homes at Lansdowne come with laminate in the living rooms and carpet in the bedrooms and stairs as standard.

[JackBauer24]

I know they do. I had this discussion about the Lansdowne spec on this forum recently.

Minto was clearly going after a different market than Glebites. Minto clearly saw that there was no need to go "high end" (I use that term loosely, I personally don't think hardwood flooring is high end) since there would be enough demand in their project.
I have heard many, many, many complaints about the specifications (or lack there of) of the towns at Lansdowne.

But look at what Minto did at Beechwood, they were targeting Baby Boomers, delivered a spec that Baby Boomers liked/wanted, cut the amenities Baby Boomers didn't want and they sold very well thus far.

Originally Posted by nredding

The Holmwood town and terrace homes at Lansdowne come with laminate in the living rooms and carpet in the bedrooms and stairs as standard.