Expo 62 and its 114 condo units CANCELLED

James bought at Expo 62 and has had his reservation canceled as the building has been sold to someone who will convert to apartments. He blames the ‘Daddy-0’ marketing:

I’m one of the 17 buyers whose purchase and sale agreement is no longer reserving a unit purchased for Expo 62.

They only sold 17 of 114 units since April 2007 so certainly not that surprising. I know when I visited it I was underwhelmed though I would have picked Domaine to go apartments first.

This certainly must be disappointing for the 17 buyers, specifically James and Mike. I know if I had made a deposit in April and then found out eight months later that I’d be upset as I likely would have passed up other opportunities. On the other hand I’m sure Trio buyers are rejoicing over the lack of competing neighboring inventory.

Update: Coincidence? 4 days ago Elizabeth Rhodes answered a question about condo complex bankrupty on her Home Forum Extra blog:

What happens when you’ve bought a unit in a condo complex and the thing goes bankrupt before many of the units are sold? As an owner can you be liable for costs associated with the bankruptcy?

About Matt Goyer

I love condos, lofts, floating homes, new construction and mid-century moderns so much so that since starting this blog in 2006 I've written over 2,000 blog posts about them!

For years I resisted becoming a real estate agent preferring to be a marketing executive at Redfin but after leaving Redfin (after seven years!) I caved in the spring of 2014 and became a broker. So if you need help finding that "Urbnlivn-style" place or selling your home email me at matt@urbnlivn.com, I'd be happy to help you.

Prior to Urbnlivn and Redfin, I worked at Microsoft after graduating from the University of Waterloo with a Bachelor of Mathematics with a major in computer science.

You can also find me on Twitter, @MattGoyer, or LinkedIn.

  • Nick

    I just wanted to take a second to let everyone know that Intracorp met with me and my fianctoday. Together we came to a satisfactory resolution of our issues with them. We are both now happy with how this situation has worked out.

    Nick

  • Nick

    I just wanted to take a second to let everyone know that Intracorp met with me and my fiancée today. Together we came to a satisfactory resolution of our issues with them. We are both now happy with how this situation has worked out.

    Nick