The long anticipated Escala price drop has finally happened. Rennie Marketing released the new pricing and it looks pretty significant.
1 Bedroom , 1.5 Bathroom, 952 sq.ft. homes starting at $384,000
2 Bedroom, 2 Bathroom, 1,607 sq.ft. homes starting at $699,000
3 Bedroom, 2.5 Bathroom, 2,442 sq.ft. homes starting at 1,574,000
In additional to the price drop, there will be a couple of changes for Club Cielo as well. First of all, the Club will go back to an exclusive amenity for residents only. In place of a fully staffed Bar, Restaurants and Spa, they are moving to a User- Pay System (fees will be billed directly to residents). This arrangement seems to make more sense than the $250/monthly spending imposed previously. This decision according to Rennie Marketing will greatly reduce the homeowner dues.
Escala's sale office will be opened to the public on March 27th at 1920 4th Ave.
Related posts:
Escala Scaling Prices Soon
Escala Update Dec 2009
Escala Hard Hat Tour
Escala Update
Escala Update February 2007
Escala priority presale event
Escala: Cristalla's biggest competition?
The Escala still seems like a risky buy to me.
The uncertainty of how the Club space will be used after its turned over to the HOA and all of those definite problems that will stem from that, very much concerns me!
What do you think about that Wendy? I am considering Olive 8 since I know what I am buying. I feel like Escala’s new marketing plan is just that! Its not a long-term solution to the huge space of the Club Cielo.
Escala’s lobby/club decor was Tacky. The hallways to the units are stark white with no personality. Units were nice, but not worth the price IMO.
I am looking at buying a condo at Escala and there has not been anything recently posted on them since this post. Has the sales and investment situation improved there?
Hi Cindy, I just helped a client purchase a unit in that building. They have sold 87 homes with 64 moved in as of last month. The project has a pretty consistent sales since the new marketing company took over. The financial situation has improved and the developer has another 3 years to repay his loan. Let me know if you need any help.
Are they sticking to the advertised prices, or negotiating?