Quote:
Originally Posted by Bluenote
This thread is an embarrassment to Winnipeg. Not because of the building. But because of the nagging on here that reminds me of a bunch of 10 year olds with nothing better to do.
Spend some time getting out and finding some new stuff to post about on all the other things going on. When's the last update on convention center???. Exactly. You rather spend time digging up more crap on this building.
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My feelings exactly.
I feel bad for Simplicity and Dear Summer, this is what you do in your spare time? Seriously! There is actually a lot of good programs on TV right now!
I really don't see why you care if some investor from Ontario loses his money? It's not your money. Regardless if they understand the improbability of this project or not or were influenced by slick marketing, no one put a gun to their head. Investor beware. This thread should be dedicated to Sky City Winnipeg, start another thread to bag on Fortress.
Let's face the facts, Winnipeg doesn't have a big market for pre-sale condos, not a lot of people live or want to live downtown, and its almost a certainty that the condos will be priced above Urban Capital and Sandhu, there is a lot of risk there. They were supposed to announce a grocer and launch sales in 2014 and that didn't happen, so it obviously is taking longer to put their ducks in a row, perhaps it has to do with the addition of the St Regis, maybe there is issues with the planning department, maybe they are going to do rental instead, or add a hotel component, negotiating more city incentives, all worthy things to discuss. Will people buy this project?
I'm an optimist, so I like to go a different direction and look at how it might work as opposed to the reasons it won't.
Just again to be devil's advocate, why if Fortress is "Snake-oil" salesmen, why would reputable developers like Cityzen, Fernbrook, Empire, Sierra partner with them? I'm being serious in this question.
I came across this website and you can search how many houses and condos each developer has built:
http://www.tarion.com/_layouts/build...er_search.aspx
Their partners look like some pretty serious guys?
These developers only care that they get money, not where it came from?