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An anchor tenant will occupy the majority of the building's 11,000 square feet of ground floor retail space.
Closing begin December 17
I was not saying Marko was wrong or that he was right, merely pointing out that there are numerous factors that determine value, such as type of construction, location, finishes, parking etc. Although in the end I did say I liked B&W's location and vibe better so it was hard to say which was the better deal even if B&W didn't include parking.
Difficult to compare B&W with Jukebox based upon average size/price of units, finishes, total number of units, outlook, etc..
We can all have opinions, but Marko is a realtor specializing in condos, so seems to me his comment carries more weight!
It does seem like a good deal.
Ultimately value is determined by what an actual purchaser will pay, not by what multiple armchair critics or even realtors hypothesise.
In terms of pricing, Abstract's wood framed developments are usually priced close to the price of some concrete developments, and in some cases individual units exceed the price of equivalent concrete units.
Comparing Black and White with the recently-completed 989 Johnson:
Unit 707 at 989 Johnson Street is a 2 bed, 2 bath unit with 875 square feet offered for sale by the developer at $642,500 inclusive of GST.
Unit 214 at Black and White is a 2 bed, 2 bath unit with 863 square feet offered for sale by the developer at $649,900 plus GST of approx. $32,500 for a total price of $682,400.
Yea Abtract's wood historically sells for more than other developers' concrete.
In general the spread between concrete and wood is not huge. Buyers give much more weight to other factors such as amenities near by, etc.
For example, why does Travino (wood-framed and further out of town) sell for substantially more per sq/ft than Lyra?
Ten on the 10th 1 Year Anniversary: Real-estate development Q&A with Mike Miller of Abstract Developments
Developer Mike Miller chats about real-estate development in the Capital City.
Approximately 1,500-units of condominiums and purpose-built rental apartments will receive occupancy status over the next two years.
The six-storey, 75-unit condo development with ground floor retail space will be completed by late-2018.