Comments on: Intracorp now trying to dump Domaine

By: kategood

kategood — Fri, 17 Jul 2009 03:18:26 +0000

The sale of Domaine was a very good decision. The community now rests in the hands of a wonderful apartment management company that is committed to taking care of the residents with a wonderful place to call home. The finishes are spectacular and the views are amazing. This will be a great place to live/.

By: kategood

kategood — Thu, 16 Jul 2009 20:18:26 +0000

By: Book Hotels

Book Hotels — Wed, 21 Jan 2009 15:31:38 +0000

I totally agree with chris. Its tough to change course once you've spent the money for condo finishes.

By: John Alex

John Alex — Wed, 21 Jan 2009 15:31:38 +0000

I totally agree with chris. Its tough to change course once you've spent the money for condo finishes.

By: sevrin

sevrin — Thu, 21 Feb 2008 17:19:24 +0000

hmm, well I will continue to poke and prod them to figure out what I can. Still trying to get in touch with my agent and get him on task as well. I will come back here and keep anyone interested posted on the progress and revelations.

By: Jon

Jon — Thu, 21 Feb 2008 05:01:08 +0000

That may not be necessarily true, Jo. It would all depend on the contract and the fine print… I know that there are some contracts that would, in case of BKO, make it so that recovering earnest money be difficult. I doubt that would be the case here…

To answer your question about owning an apartment… I doubt that would happen. When they figure out what is really going on… whether to sell to a apartment company or to sell to another developer who is comfortable with a lower return ratio… or if they decide to keep it (if they get a few low ball offers throughout, they may want to keep the project as they can do more).

Nothing is guaranteed… but I would relook at your contract to see what happens if something goes wrong with the project.

By: jo

jo — Thu, 21 Feb 2008 04:55:15 +0000

you’ll get all your money back – upgrades, down payment

you won’t have to put up a fight

By: sevrin

sevrin — Thu, 21 Feb 2008 04:51:30 +0000

yeah, the location is not the best, but in my mind, the view made up for it, my unit is not on the 99 side, it was on the front in the townhome section. the original closing date was mid april last year, and the last date I got from them was end of February.
If they do convert, where does that leave the buyers that have already paid deposits? is there an automatic refund or does the sale go through and I am an owner of an apartment? Sure would be nice to heqr from them so I can figure out my plan of action.
And yeah, I paid for upgrades up front.

By: Jro

Jro — Thu, 21 Feb 2008 02:21:32 +0000

Mithun is not to blame. They are very good architects. Intracorp is to blame – the location sucks no matter how you look at it, no parking and on 99. It is also a wood frame construction with a 99 next to it so it will be very noisy. What was your projected closing date suppose to be? If they extend it outside of what you are in contract for you can get out of the deal. Did you pay for your upgrades upfront? If so you will most likely not get that money back w/o putting up a pretty big fight. THe reason you are not getting answers is because they are trying to figure out whether to convert it to apartments, that would be my guess.

By: sevrin

sevrin — Wed, 20 Feb 2008 23:11:19 +0000

So, I bought a unit at Domaine on the east side with a water and mountain view and a bunch of upgrades. Is this development pretty much scrapped? If so, what sort of position does that put me in? I bought the november before last, and trying to get any answers has been impossible.
Put my faith in Mith�n and their reputation, looks like im a sucker.