[New Westminster] 258 on 6th | 16 floors | U/C

Chadillaccc · #1 Posted **Nov 16, 2011, 8:13 AM**

Anyone have any insight into this development?

_

187 Feet Tall · #2 Posted **Nov 17, 2011, 8:28 PM**

Checked it out yesterday.
"Cheepest high rise in BC" is what they're marketing as, with 2 bedrooms starting at $238,900. Of course, they're <600 sq feet for that price.

The virtual floorplan projector they have is pretty cool, and the price points are attractive for entry level buyers who just want concrete construction and can sacrifice large space.

They have a ton of registrants, and will sell quite well IMO to first time buyers, new immigrants and investors.

NewWester · #3 Posted **Nov 22, 2011, 3:28 AM**

They've cleared and erected a sales centre on the site. I'm sure once they hit a certain percentage of presale's construction will start.

I'm cautiously excited about it though: sixth is the main street linking uptown and downtown New West, and this would be the second high rise apartment on the strip with a retail pedestal built in the last decade (http://www.vancouver-real-estate-dir...ges/amadeo.jpg being the existing one). There is also a lot on Welsh and Sixth (a couple blocks down the street) which looks to be slated for development soon (half the structure has been demolished... leases are expiring on the remaining building).

That said, the cheap prices aren't helping with selling older apartments in the area, which sucks, as my girlfriend just bought an apartment in an older highrise downtown.

Chadillaccc · #4 Posted **Nov 22, 2011, 5:42 AM**

Yeah, I'm hoping that eventually Sixth will connect the uptown and downtown districts and become a primary retail neighbourhood

NewWester · #5 Posted **Dec 5, 2011, 4:23 AM**

Apparently 258 is already sold out. It did so in 42 minutes, which I guess justifies setting up a tent on the site as their sales centre.

http://www.royalcityrecord.com/Westm...152/story.html

MFB · #6 Posted **Dec 9, 2011, 6:30 PM**

What a joke - they say the sales will only be made to those who had an appointment. Then they turn around and sell it to those who lined up before sunrise. Same thing happend at 8 west. Pilothouse run sales suck. On top of it, they used salesman on their website as potential buyers. The suites were tight...really tight, but priced right. What should have been a one bedroom condo, they jammed a den in there as well.

NewWester · #7 Posted **Mar 5, 2012, 8:06 PM**

There are three excavators on site now, so construction is probably upcoming.

NewWester · #8 Posted **Mar 11, 2012, 5:26 AM**

Said excavators are digging out the foundations now.

smho · #9 Posted **Mar 24, 2013, 11:09 PM**

Update from Mar 23, 2013.

My own pic.

IMG_0813 by smho, on Flickr

Jebby · #10 Posted **Mar 24, 2013, 11:33 PM**

Thanks for the picture.

It's crazy this thread never got an update in just over a year!

MFB · #11 Posted **May 22, 2013, 7:16 PM**

The folks at Amadeo across the street must be really happy about its progress blocking views

Quote:

Originally Posted by smho

Update from Mar 23, 2013.

My own pic.

IMG_0813 by smho, on Flickr

jlousa · #12 Posted **May 22, 2013, 8:14 PM**

Guess I should change this to U/C seeing how it's almost done...
If anyone notices a thread mistitled shoot one of the mods a quick Pm.

Pinion · #13 Posted **May 22, 2013, 9:22 PM**

My co-worker lives right beside this in a wood frame. The noise has been driving her crazy and the building blocks all her natural light.

But she bought there after they started building so I dunno what she expected. She'll never be able to sell her place for what she bought it for.

Chadillaccc · #14 Posted **May 22, 2013, 10:00 PM**

That's why you've gotta do your research before investing in such a huge purchase!

Spork · #15 Posted **May 23, 2013, 2:52 AM**

Quote:

Originally Posted by Chadillaccc

That's why you've gotta do your research before investing in such a huge purchase!

But it's real estate, doesn't it always go up? 5% per year on average? The most secure investment you could ever make? HUH?