Marciano takes over Old Montreal? Au contraire. [Updated]
UPDATE: I was just forwarded this juicy article [Thanks Pat!] on the situation with Marciano and his properties here in da island. It turns out, that Mr Marciano has major financial and legal discrepancies with the city and well, the USA. According to Les Affaires, he’s being sued in the US for 260 million dollars.… [Continue Reading][ Visit my blog for the complete article ;) ]
On Montreal Ritz Carlton, Condos and Diamonds
Remember the Ritz Carlton closing in the summer of 2008? Two weeks ago it was announced that the Project – estimated for 150 millions, with 130 rooms and 48 luxury apartments, will be delivering by December 2011 or January 2012.
And, get this: More than HALF of the units are already sold AND the majority of buyers are QUEBECERS.
The Ritz’s CEO expected less local buyers. And I admit, I did too.
A friend once said (about the project): There is no way that Montrealers are jumping to buy a 2 to 12 million dollar condo when they can get a house for that amount (I listened and softly disagreed). And he continued: Even the ones who have that amount of money won’t do it. Only New Yorkers do that kind of purchase.
New yorkers and Torontonians. At the time of that conversation, there was no news about multi-million condo purchases like the 28 Million dollar condo in Toronto.
Back to the Ritz Carlon Condo- and before I forget to mention: The jeweler Tiffany will be opening shop in the Montreal Ritz. Good enough reason to purchase a 12 Million dollar condo? You tell me.
In the market for a condo? Contact me to view the best units in town!
Posted By: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in condos and revenue property in the metropolitan area of Montreal. For buying or selling contact Deya at: 514.917.7889
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Vito Rizzuto’s House for Sale by Sotheby’s – La Presse
Photo: Edward Plante-Frechette
According to this article in La Presse, Vito Rizzuto’s home is now for sale.
(do we need to explain who Vito Rizzuto is? We didn’t think so either!)
The home, with a municipal evaluation of 1 million dollars, is asking for $1, 995,000.It is listed with Sotheby’s agency. When the listing agent was asked if it will be difficult to sale the home of a mafia boss, she replied: “No, why would it be a problem? It’s a magnificent home. There is no obstructions to sale it. Vito Rizzuto is gone. We’ve already have a few visitors.”
Disclaimer: The post is only a commentary on a written article by La Presse. We are not the listing agency of the above mentioned property, nor do we have affiliations
Posted By: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in condos and revenue property in the metropolitan area of Montreal. For buying or selling contact Deya at: 514.917.7889
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