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Sechelt Development - Seawatch at the Shores
09-10-2013, 09:56 AM, (This post was last modified: 09-10-2013, 10:00 AM by Skook.)
#3
RE: Sechelt Development - Seawatch at the Shores
September 10, 2013 Update

It’s time for an end of summer update to see if there is anything new to report at Seawatch at the Shores.

To recap, last fall the District of Sechelt threatened to sue the developer and he threatened to counter-sue. However, as I reported above, the developer blinked first and agreed to meet DOS demands.

Then, in mid-June, 2013, two home owners (I think there are a total of 4 in the development) threatened to sue the developer for his failure to remedy the lower spring and upper level sinkhole. To let him know how po’d they were, they added their own sign to the sinkhole barricade informing all potential buyers how long they been waiting for Concordia to remedy the problem.

[Image: attachment.php?aid=395]
(Crappy pic snagged from the Coast Reporter website.
Looks like the reporter couldn’t bother to get out of the car…LOL.)

Then at the end of August, Concordia and the DOS jointly announced the sinkhole should be fixed by September 21st (the end of summer deadline imposed on Concordia by the DOS). They both said work has been underway on the lower spring that is at the root of the problem regarding the sinkhole.

Now, as for property sells. Since my first post in this thread, the owner at 6665 North Gale Ave listed for $605,900 and has since dropped the price to $598,500. This brings to 2 the number of owner resale listings.

As for the developer listings, nothing has changed - no sales and no price drops.

As well, the vacant lands listed - Block A, Lot 20 and Lot 21 on Crowston Rd - remain unsold and there have been no price drops.

Here is the updated spreadsheet - new info is highlighted in blue:

OL = Owner List
L = Developer List

[Image: attachment.php?aid=396]

In sum, “Nothing new here folks…carry on.”


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RE: Sechelt Development - Seawatch at the Shores - by Skook - 09-10-2013, 09:56 AM

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