Circa 2 Delay
Got my "we will contact you soon to discuss picking your paint/sinks" card.
I would think though that Tridel is gonna move slowly on this project and finish building it just when the markets recover. They are delaying Circa 2.
Tentative occupancy was revised today on the Tridel website from Fall 2009 to Summer 2010. A letter was sent out Feb 6. to purchasers about the revised occupancy which is due to the construction schedule and not perceived market conditions (there are enough sales to start construction and construction is fully financed for Circa):
Quote from a recent email to homeowners:
"As timing is a highly variable and sensitive element in the creation of your new home and after current analysis of the construction schedule we have confirmed that it is necessary to readjust your occupancy date. ... Construction having finished the excavation for your community, have completed the pour of the parking garage and have now reached the ground floor. With concrete being poured on the ground floor we are now able to start the installation of sprinkler lines and fixtures for the underground garage."
Tentative occupancy can be followed by purchasers by logging into their website account on MyTridelHome. They can also review all the letters and documents that get sent out to them.
Tridel introduced some new Circa Diamond Collection suites this week with the renovation of the Presentation Centre and the new model suite.
Purchasers with any questions should
contact ask@tridel.com or the call centre line (416) 661-9394 which is staffed by our customer care reps.
The same goes for
Solaris. Construction is fully financed and is currently underway as you can see from Solaris' excellent photography. The perceived market conditions have nothing to do with the construction schedule which is closely monitored. This monitoring and communication with purchasers is detailed in the condo act and is part of builders' responsibility to their purchasers. It's something Tridel takes very seriously.
You will probably notice that
Avonshire on 401 and Yonge has also started site preparation for the two new towers.