Halifax Condo Dispatches

blog | Posted September 21st 2017

—September 21, 2017
Ground was broken last week for construction of the first phase of the Gorsebrook Park condominium development on South End Halifax’s Wellington Street, and the developer plans to launch the pre-sales for the second phase in mid October. Interest in the twin-wing building of eight and 10 storeys has been robust, with 75 percent of condo units in the first phase already sold. Remaining first phase units, bachelors to penthouse suites, are being offered at prices ranging from $234,900 to $739,900.

Overall prices for the second phase of the...

blog | Posted August 17th 2017

—August 17, 2017
Plans for proposed condo units in a 17-storey twin-tower complex in north-end Halifax have been scrapped, as the developer has decided to market the entire residential component of the development as apartment units. Monaghan Square developer Robert Margeson told AllNovaScotia.com that the decision to shift the second tower of his development over to apartments was made due to a lack of “significant sales volumes.”

Located on 6100 Young Street, the twin tower development was originally...

blog | Posted July 26th 2017

—July 26, 2017
The assessed value of unsold condominium units in The Anchorage building of Dartmouth’s King’s Wharf development remains in flux, as the crown corporation in charge of assessing properties for tax purposes has appealed a utility board ruling that dropped assessed values by up to 25 percent.  At issue is the assessed value of 46 unsold condo units for 2015, and the assessed value of 26 unsold units remaining in 2016.

Developer Francis Fares had appealed the original assessments made by Property Valuations Services, Corp., arguing that the...

blog | Posted June 28th 2017

—June 28, 2017
With a dearth of condo development news in the Halifax region over the past few months, we get excited anytime we catch a whiff of a possible new development rumor or learn that construction of an approved project is about to begin. Unfortunately, it seems that any such potential condo development news of late turns out to be a bust—a case of “nothing to see here, folks.”

Last week we got a bit excited when a noted business publication posted a story about Dartmouth’s Harbor Isle development seeking a new development...

blog | Posted May 17th 2017

—May 17, 2017
A proposed condo building on Dartmouth’s Richmond Street that has been on hold for several years may be back in play, as the developer has asked the municipality to grant an extension on its soon-to-expire development agreement. Banc Properties originally announced plans to build the two-building condo building in 2013, and was granted a development agreement in 2014. However, due to market conditions and construction of similar projects in the north-end Dartmouth neighbourhood, Banc put the project on hold.

With an October deadline for...

blog | Posted March 31st 2017

—March 31, 2017
Size, or lack thereof, is perhaps one of the biggest complaints people have about condos. And while micro-condos might be all the rage in Toronto, the trend hasn’t really taken hold in Halifax, and your average Haligonian condo resident would probably love a bit more space.

Well, kids, pull out your check books and start bidding because what will become one of Halifax’s largest condo units is now on the market. Of course, being among the largest, also means that it will be one of the city’s most expensive, too…especially...

blog | Posted February 17th 2017

—February 17, 2017
Well, condo aficionados and others who like to keep abreast of all things condo in the Halifax area, there certainly has been a lack of condo-related news of late. In fact, the dearth of Halifax-related condo news even has the sound of crickets going silent. Or perhaps that’s just a factor of it being winter in Nova Scotia.

Anyhow, CondoNova is pleased to now be able to report a little bit of Halifax area condo news. In fact, we could have reported on this “news” back in January, but at the time didn’t feel it was that...

blog | Posted January 12th 2017

—January 12, 2017
Construction may soon begin on Halifax’s newest condominium development, Stanley Street Homes, but competition for the condos could get tight with only eight units planned for the north-end Hydrostone neighbourhood development. And these eight units will be phased in with each two-unit duplex-style building on one of four 33’x100’ lots undergoing construction sequentially,  another factor that could increase the sales competition.

Developer Kerry Lynch recently received the go-ahead for the project from the Halifax and...

blog | Posted December 1st 2016

—December 1, 2016
South-End Halifax’s Wellington Street has been tapped as the location for another potential condominium building, though the developer could face local community opposition, given the extensive opposition that long stalled the last condo project to be approved on that street—Gorsebrook Park Condos. Any pending opposition is unclear, but so is the developer’s decision on whether to market units in the proposed building as condos or apartment rentals. However, Banc Investments Ltd. owner Alex Halef, developer of the proposed building,...

blog | Posted November 29th 2016

—November 29, 2016
Noted Halifax-area developer Francis Fares this week launched the next phase of Dartmouth’s King’s Wharf with the announced groundbreaking of the multi-use development’s centrepiece building, “The Maristella.” Originally tagged with the moniker “Iconic Tower,” fares announced the name change and planned Fall 2017 groundbreaking in a Monday press release. Marketing for the planned 36-storey tower’s 114 condo units will begin later this week, with pricing expected to range from $500,000 to $2 million....

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