HomeDiagramsDatabaseMapsForum
     

Go Back   SkyscraperPage Forum > Regional Sections > Canada > Manitoba & Saskatchewan

Reply

 
Thread Tools Display Modes
     
     
  #3301  
Old Posted Dec 5, 2017, 3:01 AM
Bluenote's Avatar
Bluenote Bluenote is offline
Registered User
 
Join Date: Jun 2012
Location: Winnipeg / St Vital
Posts: 994
Quote:
Originally Posted by Roger Strong View Post
The CBC and others have been repeating this story. Smaller news sites within the industry are adding their own spin. But they have a common thread: The Financial Services Commission of Ontario (FSCO) hasn't been doing its job. It saw illegal activity and did nothing. It was warned by the Canada Revenue Agency told FSCO that Fortress syndicated mortgages were in effect a Ponzi scheme, and did nothing. Even their own compliance officer called the investments "Ponzi like in nature."

So now the FSCO is feeling the heat. They'll have to do something.

If you're an investor, you may as well put on a dinner jacket and have a brandy as the ship goes down.

If this is all true then that land should be seized from Fortress so a fraction of its sale can go back to the investors. And Fortress and all its CEOs need to be banned from working ever again in Canada.
We as in the city should also sue them for wasting our fxxking time
Reply With Quote
     
     
  #3302  
Old Posted Dec 19, 2017, 6:25 PM
Authentic_City's Avatar
Authentic_City Authentic_City is offline
Registered User
 
Join Date: Apr 2011
Posts: 1,259
SkyCity update: I was downtown this morning running errands and I saw a man unlock the door and enter the SkyCity display centre on Fort Street. The man was well dressed and carrying a large coffee. I believe it was Starbucks.

That is all.
Reply With Quote
     
     
  #3303  
Old Posted Dec 19, 2017, 8:22 PM
BigG's Avatar
BigG BigG is offline
Ignore these four words.
 
Join Date: Mar 2004
Location: Winnipeg
Posts: 856
Did you happen to see the name on the cup?
Reply With Quote
     
     
  #3304  
Old Posted Dec 19, 2017, 9:13 PM
Roger Strong's Avatar
Roger Strong Roger Strong is offline
Speak the truth, then run
 
Join Date: May 2003
Location: Winnipeg
Posts: 896
Quote:
Originally Posted by Authentic_City View Post
SkyCity update: I was downtown this morning running errands and I saw a man unlock the door and enter the SkyCity display centre on Fort Street. The man was well dressed and carrying a large coffee. I believe it was Starbucks.
Thanks! That's the most significant progress update on the project in over a year.
Reply With Quote
     
     
  #3305  
Old Posted Dec 19, 2017, 9:15 PM
bomberjet bomberjet is offline
Registered User
 
Join Date: Nov 2012
Location: Winnipeg
Posts: 7,581
I keep checking to see if the billboards get updated to something more than "over 50% sold". But no, nothing.
Reply With Quote
     
     
  #3306  
Old Posted Dec 20, 2017, 2:19 AM
DLLB DLLB is offline
Registered User
 
Join Date: Mar 2006
Location: Calgary, Alberta, Penticton, BC
Posts: 2,404
Quote:
Originally Posted by Authentic_City View Post
SkyCity update: I was downtown this morning running errands and I saw a man unlock the door and enter the SkyCity display centre on Fort Street. The man was well dressed and carrying a large coffee. I believe it was Starbucks.

That is all.
That is the most progress there in 2 years.
Reply With Quote
     
     
  #3307  
Old Posted Dec 20, 2017, 3:31 PM
borkborkbork borkborkbork is offline
Registered User
 
Join Date: Jul 2014
Posts: 446
Quote:
Originally Posted by Authentic_City View Post
SkyCity update: I was downtown this morning running errands and I saw a man unlock the door and enter the SkyCity display centre on Fort Street. The man was well dressed and carrying a large coffee. I believe it was Starbucks.

That is all.
Their current promo is "don't pay property taxes & zero condo fees for your first year"



You don't have to pay condo fees if there's no condo built
Reply With Quote
     
     
  #3308  
Old Posted Dec 20, 2017, 8:19 PM
Wolf13 Wolf13 is offline
Registered User
 
Join Date: Apr 2016
Posts: 1,340
Quote:
Originally Posted by borkborkbork View Post
Their current promo is "don't pay property taxes & zero condo fees for your first year"



You don't have to pay condo fees if there's no condo built


This guy knows.
Reply With Quote
     
     
  #3309  
Old Posted Dec 23, 2017, 2:50 AM
DLLB DLLB is offline
Registered User
 
Join Date: Mar 2006
Location: Calgary, Alberta, Penticton, BC
Posts: 2,404
Quote:
Originally Posted by Wolf13 View Post


This guy knows.
Really makes you wonder
Reply With Quote
     
     
  #3310  
Old Posted Dec 30, 2017, 8:16 PM
Pi3141592654 Pi3141592654 is offline
Registered User
 
Join Date: Jan 2015
Posts: 35
Quote:
Originally Posted by Finessing View Post
Toronto can’t stop talking about this condo cancellation, but one industry player says the market is still strong



How ironic is it that Fortress Real is doling out advice on why condos get cancelled...
Looks like Myers has ventured out on his own:

https://bullpenconsulting.ca/about/

Bon chance!
Reply With Quote
     
     
  #3311  
Old Posted Jan 3, 2018, 5:39 PM
Wolf13 Wolf13 is offline
Registered User
 
Join Date: Apr 2016
Posts: 1,340
Quote:
Originally Posted by Pi3141592654 View Post
Looks like Myers has ventured out on his own:

https://bullpenconsulting.ca/about/

Bon chance!
He should have jumped ship from SkyCity a little sooner...
Reply With Quote
     
     
  #3312  
Old Posted Jan 7, 2018, 5:50 AM
Roger Strong's Avatar
Roger Strong Roger Strong is offline
Speak the truth, then run
 
Join Date: May 2003
Location: Winnipeg
Posts: 896
Aug 31, 2016:
Quote:
Originally Posted by Cyro View Post
As emeraldeyes has just posted the News Letter, they have officially stamped this proposal at 50% sold.
16 Months and counting at 50% sold.

Another Fortress project, Jasper House, was cancelled a month ago after three years at 50% sold.

There's yer measure of progress.
Reply With Quote
     
     
  #3313  
Old Posted Jan 7, 2018, 8:28 AM
Jets4Life's Avatar
Jets4Life Jets4Life is offline
SJW Slayer
 
Join Date: Apr 2004
Location: True North
Posts: 1,802
My New Year's Resolution is not to drink alcohol.

Having said that, knowing this thread is still going is causing me to crave a shot of tequila.
Reply With Quote
     
     
  #3314  
Old Posted Jan 7, 2018, 3:49 PM
1ajs's Avatar
1ajs 1ajs is offline
ʇɥƃıuʞ -*ʞpʇ*-
 
Join Date: Jul 2005
Location: lynn lake
Posts: 24,337
then dont read this thread
Reply With Quote
     
     
  #3315  
Old Posted Jan 8, 2018, 10:16 PM
Wolf13 Wolf13 is offline
Registered User
 
Join Date: Apr 2016
Posts: 1,340
Quote:
Originally Posted by 1ajs View Post
then dont read this thread
That's like not looking at a car crash... curiosity kicks in...
Reply With Quote
     
     
  #3316  
Old Posted Jan 9, 2018, 4:11 AM
Bluenote's Avatar
Bluenote Bluenote is offline
Registered User
 
Join Date: Jun 2012
Location: Winnipeg / St Vital
Posts: 994
Be nice if they could just put up a new billboard. That alone would improve that parking lot lol

Let’s face it. It’s not getting built. I just hope the investors can recoup some money on the sale of the lot. And I still say Fortress should be banned from entering winnnipeg ever again.
Reply With Quote
     
     
  #3317  
Old Posted Jan 9, 2018, 1:23 PM
rrskylar's Avatar
rrskylar rrskylar is offline
Registered User
 
Join Date: Sep 2004
Location: WINNIPEG
Posts: 5,788
Exclamation

Quote:
Originally Posted by Roger Strong View Post
Aug 31, 2016:

16 Months and counting at 50% sold.

Another Fortress project, Jasper House, was cancelled a month ago after three years at 50% sold.

There's yer measure of progress.
Well three years in to the Fortress Capital Pointe project in Regina and they’re still diggging the hole (off and on but mostly off)

Good to know that there is such great protection for those foolish enough to buy into these pyramid schemes! I
__________________
I'm sober enough to know what I'm doing, and drunk enough to really enjoy it.
Reply With Quote
     
     
  #3318  
Old Posted Jan 9, 2018, 3:07 PM
The Unknown Poster The Unknown Poster is offline
Registered User
 
Join Date: Mar 2012
Posts: 812
What happens to the deposits prospective owners put down? Can they opt out or is it locked in until the developer either completes the project or cancels it?

A friend of a friend had bought in and was very excited. I think some people might look at this and if the idea of living downtown in a cool building is exciting, they'd want to move their deposit to True North (or rent 300 main).
Reply With Quote
     
     
  #3319  
Old Posted Jan 9, 2018, 3:47 PM
esquire's Avatar
esquire esquire is offline
Think about Winnipeg.
 
Join Date: Oct 2001
Posts: 20,585
^ Good point, in some respects this thing finally being put out of its misery could give other projects around the city a shot in the arm once people get their money back. But who knows how long that will take?
Reply With Quote
     
     
  #3320  
Old Posted Jan 9, 2018, 8:30 PM
Wolf13 Wolf13 is offline
Registered User
 
Join Date: Apr 2016
Posts: 1,340
Quote:
Originally Posted by The Unknown Poster View Post
What happens to the deposits prospective owners put down? Can they opt out or is it locked in until the developer either completes the project or cancels it?

A friend of a friend had bought in and was very excited. I think some people might look at this and if the idea of living downtown in a cool building is exciting, they'd want to move their deposit to True North (or rent 300 main).
TNS is also apartments, not condos. That said... they don't have condo competition anymore.
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Reply

Go Back   SkyscraperPage Forum > Regional Sections > Canada > Manitoba & Saskatchewan
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 5:55 AM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.