Is the Adi Nautique development downtown been revised to 18 storeys? Look at the offer carefully.

By Pepper Parr

April 28, 2016

BURLINGTON, ON

It’s bold – its brassy and all part of the sales pitch.

Developers like to be able to say – xx% sold – and the closer that xx is to 70 – the better.

$310,000 + will get you a splendid view of the Escarpment.

Development projects have to be sold – and this latest move by Adi Development Group is certainly a sales pitch that catches the eye.

Days before their application to the Ontario Municipal Board AdI Development announced that they had acquired the lot shown as 380 Martha – which changed significantly the size of the property they wanted to build on. Adi is currently in talks with the city’s planning department.

In Burlington the objective is to get in on a property as early as you can – and this pitch makes it a little easier. They are offering units on the north side of their proposed 26 storey tower at the corner of Martha and Lakeshore Road.

The following is an electronic message forwarded to us by a regular reader:

New prices just announced for escarpment facing suites at Nautique Lakefront Residences Downtown Burlington!

Prices start as low as $309,990 (1 parking space included).
The suites at Nautique Lakefront Residences have been designed by award-winning Cecconi Simone and feature open-concept layouts to maximize living space. Contemporary European custom-designed kitchen featuring corian countertop and backsplash with five-piece euro-style appliance package along with in-suite white stacked washer and dryer. Spacious lakeview terraces & balconies.

The building features two floors of amenities space with a 6th floor outdoor terrace and 18th floor sky lounge overlooking the lake. Outdoor swimming pool, whirlpool, bbq’s, party room, dining room, library, private lounge, fitness centre, indoor/outdoor yoga studio & more.

Don’t miss this fantastic opportunity to invest! Inventory won’t last long!

SPECIAL EXTENDED DEPOSIT STRUCTURE
$5,000 on Signing
Balance of 5% in 30 Days
5% in 120 Days
5% in 370 Days
5% in 540 Days

PARKING: 1 Parking Spot Included In The Purchase Price
OCCUPANCY: November 2018

Give Noman Khan, Broker, Loyalty Real Estate, Brokerage
905.330.4077 – vipcondosales@gmail.com

Some questions arise out of this announcement. Does the 18th floor sky lounge overlooking the lake suggest that the building will top off at 18 stories?

Adi is aggressively marketing the condominiums on the north (Escarpment side) of the building.

Adi is currently in talks with the Burlington Planning department to see if they can come to terms on a site configuration that will get them past one of the tougher OMB Board members who has given then some time to see what the city thinks of the addition of an additional piece of land that adds significantly to the size of the footprint they have to work with.

The city’s planners never say a word about how development talks are going – it will be Adi that does all the talking – and this most recent release, which they sent out to selected people, suggests they have run something by the planners and think they might have some buy in.

A portion of the property that Adi Development group wants to put a 26 storey condominium on – he size of the foot print they want to build on has been revised

After the decision the OMB handed down on the appeal Councillor Jack Dennison made to the Board to reverse the decision made by the Burlington Committee of Adjustment that opposed his request to sever his Lakeshore Road property. Many in Burlington shuddered at that decision and wonder what the city’s chances are going to be with the Adi situation is that before them.

We know nothing about the OMB member who heard the Dennison appeal – but we can tell you that Susan Schiller who is hearing the Adi application is not going to be an easy one for anyone.

Susan Schiller heard the application Nelson Quarry made for a permit to expand the quarry they were mining in rural Burlington. The application was denied.

Watch this one carefully. Asking for a different OMB member to hear the ADI application is something that can be expected: such an application would be about a “perceived bias” on the part of the member.

Business is business and you do what you have to do.