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as per the reports, KSV is in the process of hiring construction manager. Hopefully we would get an update once it is done.

Recent update from KSV. Hopefully we would get an update soon.

just curious If uptowns is not sold, who would oversee the construction process. will it be Vandyk or KSV? but, It seems like Vandyk is totally out of business.

- if more money is asked, we will have the opportunity to back out and get deposits back. In this case, there will be amendment in the contract. for sure they will change the dates as well. I will decline the offer.

so many assumptions and speculations. Let's wait and see.

to maintain the current contract, construction processes have to be in full swing by now as we have only 1 year for final occupancy dates. But it is so slow and I feel like they just completed those urgent construction stuff. I hate these guessing games. Let's hope, we would get an update...

Problem is if it is new contract, it would be new occupancy dates. Let's assume occupancy date would be another 4 years from 2024 i.e. 2028. They will set 2028 price not current price. But all are just speculations. Lets wait and see. Also, I think everyone knows about Raven. Vandyk bought...

Yes. I passed highgrove site few days ago. Big ‘For Sale’ sign was there.

I already tried that. I have contacted them. They would ask you to contact Tarion if there are any concern related to pre construction.

latest notice to unit purchasers. https://www.ksvadvisory.com/docs/default-source/insolvency-case-documents/vandyk/receivership-proceedings/notices-to-home-buyers/vandyk---notice-to-unit-purchasers-re-sale-process-dated-march-8-2024.pdf?sfvrsn=69987d0d_3

yes,

This is the recent consolidated report from KSV...

Yes, right, It was also under construction. and the project is currently approved for sales. so, what makes Uptowns an exception? hate this waiting game.

Yes, Some construction activity is going on. Question is what kind of construction activity. Are they finishing the project or it is just winterizind and misc work. Don’t know. We need to wait for next update, I think. Reason being uptowns is the only project which was in the middle of...

Yeah, just noticed. I am not sure if it is good or bad. 😕😕

It seems like court has approved sales process for properties belong to Vandyk...

Can you please email mostling@ksvadvisory.com and ask them what is going on in the site? since you have visited the site, you can provide more details when you email her? She would take 2 or 3 days business days to respond.

Does that mean construction under progress? I read that this project is currently under receivership

wow. Crazy.

Probably due to challenges in construction. Bottom line: Too much debt. Nearly 350 million dollars. Not sure how they are gonna extract these from Vandyk.