I received this update from the Alex condo marketer. It looks like Alex will be completing in the summer though the developer is hoping the market picks up some more before they officially start selling.
Furthermore, it also looks like they're going to try and avoid over-pricing and dropping prices after a few months by pricing more "reasonably" and consistent with market conditions.
Lastly, if/when the developer does decide to start selling the homes, they plan to have 3 model homes available to show it to the public.
(Alex has been renamed as Volta in 2010)
Related posts:
Maybe negotiating a write down of the debt with the lender so that they can sell at “reasonable” price points(?)