Whitchurch-Stouffville Newspaper Index

Stouffville Sun-Tribune (Stouffville, ON), 9 Oct 2010, p. 3

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Modifications were made to the plan, which according to Mr. D'Ambrosio rid the facility of ineffi- ciencies that would have eventually been passed on to the condo own- ers. The changes also enabled Bea- verbrook to add three more units to the building without losing any of the amenities. “Without the changes we made, it likely would not have been via- ble," Mr. D’Ambrosio said. “I think (Mr. Rossi) had a good vision. It was a big risk to put something like this in the community because it was the first of its kind in this commu- nity. He didn’t have the technical expertise to execute the project, but he certainly had the vision, which is sometimes more important." “He needed an expert company to help build the process out," said Peter D'Ambrosio, president of Bea- verbrook Homes. “(We are) involved in a joint venture with Rocco and we will be moving forward in the sales and marketing, financing and con- struction of the project" When Beaverbrook came on board, Mr. D’Ambrosio said they thought construction would begin shortly thereafter. But in reviewing the plans, a multitude of problems were discovered. “The drawings were not actually up to standard to make it adequate,” Mr. D’Ambrosio said. DELAYS LEGAL In May, the architect and con- sulting team were fired. “The spring of this year was my target, I truly believed it," Mr. Rossi told the group of angry buy- ers. “Every time I’m hoping to start, there is always something that comes up." Last year, Mr. Rossi approached Beaverbrook Homes. with projected move~in dates of mid 2010. However, the project was hit by the recession and investor prob- lems to name a few. ’Naive’ buyers waiting for construction of condos Look Good No Excuses! While down south, the Ander- tons were notified by the developer their occupancy date had been changed to December 2011. They were originally scheduled to move in between June and August of this year, according to Mrs. Anderton. The couple sold their home in London, Ont., and headed to Florida for their annual snowbird vacation. “That was another big jolt," Mrs. Anderton said. “We had to change gears and make other plans, which we did.” “We didn’t want to stay there any longer than necessary. We have a great rapport, but didn't want to do that," Mrs. Anderton said. The couple ended up buying a home in Northern Gate in east-end Stouflville. They moved in at the end of April. The Andertons bought into Mr. Rossi's vision in March 2009. The couple was looking to move closer to their children and grandchildren who live in Aurora The couple also learned their Stouffville rental home would not be ready for them when they returned in April. The couple moved in with their children. The Andertons are not the only people to now own a home and a Beaverbrook Homes president Peter D’Ambrosio (bottom left) explains delays to anxious Terrace On Rouge Creek condo customers during a groundâ€"breaking ceremony on Baker Hill Boulevard Tuesday. He promised better communication with buyers in the westâ€"end project. “I cannot own two houses," he said, adding he plans on selling the condo unit once it is built. Construction delays are nothing new, especially when it comes to condominiums. Many of the delays are market- related. Before any financial invest- ments can be made and construc- tion begins, a certain percentage of the units must be pre-sold. When developers bring a project to mar- condo in Terrace on Rouge Creek One man at the ground-break- ing. who purchased his condo in the summer of 2009, sold his prin- cipal residence in Newmarket, but because of the delay to the condo, he bought another home. He would not give his name. While down south, the Andertons were notified by the developer their occupancy date had been changed to December 2011. They were scheduled to move in between June and August of this year, Mr. D'Ambrosio did, however, say Mr. Rossi should have communicat- ed better with the purchasers. In an effort to try and correct this, Mr. D’Ambrosio assured pur- chasers Tuesday afternoon his company would be in contact with them within seven days to notify them of a meeting date, which is to “From a legal perspective, there is nothing Rocco did, from a legal point of view, to allow the punchas- ers to walk away from the deal," Mr. D’Ambrosio said. “The naiveté of the purchasers may have conm'bo uted to their issues." According to Tarion, which is responsible for administering the Ontario New Home Warranties Plan Act, when it comes to purchase agreements signed on or before June 30, 2008, every condominium purchase agreement will include either a confirmed occupancy date or a tentative occupancy date. Among the reasons purchasers can make a claim of delayed occu- pancy is if they have not received proper notice of delay or if the delay exceeds the maximum permitted. ket, they do so assuming they can sell 60 to 80 per cent of the units within a timely fashion, according to Mr. D’Ambrosio. But sometimes things like a recession delay projects. Once construction begins, build- out is anticipated to be completed in 16 months, which means people will be able to move in around April or May 2012. Mrs. Anderton is not sure what they will do once their unit is ready. But she does know one thing for sure: “Buyer beware.As much inves- tigation as we did, it didn’t solve all the problems." With Beaverbrook taking the lead on the project, Mr. D’Ambrosio expects construction to begin in late November. Building permits, which he said are the only things stopping them from starting con- struction now, are expected from the town anytime. SPRING 2012 COMPLETION “We're very excited about this building because it looks like it’s coming to fruition," said Mayor Wayne Emmerson, who attended the ceremony “We’ve worked very hard to get them into the ground as quickly as possible." “People are going to be quite pleased with the results," Mr. D'Ambrosio said. Although that helped ease some of the buyers, one person replied: “We'll start feeling better when we see the machines digging.” take place seven days after that.

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