MarKoz at VREAA 18 Mar 2010 12:49 pm -
“There is a partially completed new home like in my neighbourhood, the Main St. corridor between 41st and 49th. It has been in that state since at least 2007. The developer bought a teardown on a slightly larger than average lot and built two new luxury homes. One sold right away for about $1 million. The other has just been sitting there with the exterior almost complete. One neighbour said the developer was too busy building homes on the west side to finish this one. Don’t know where he got that info. Anyway, it isn’t for sale and it isn’t under construction. Puzzling.”
Talk about coincidence. I was walking my dog past this property today and saw a guy putting a ladder up against one of its walls. I started to chat with him and he said he had been one of the framers who built it. He said it was the developer’s own home and that it had been left partially complete for 5 years. The developer, he said, was now going to get serious about finishing it. He said that he had built 7 homes for the same developer since framing that one.
There you go, too busy making money in our red hot market to finish his own home!