A Goodman’s Bay-based condo hotel is “aiming” for a September opening with over 85 percent of the units already sold, the project’s developer said yesterday.
Randy Hart, the Wynn Group’s vice-president, told Tribune Business that the Goldwynn Residences is “nearing completion” and will require an occupancy certificate and final building control approvals before the resort and its associated amenities can open.
“Sales are good and strong,” he said. “I would say we’ve now sold all of the beachfront units and most of the side units, and we’re probably a little over 85 percent sold out. The market is pretty strong and the building is looking pretty good. We’re in a sweet spot right now and things are moving.”
Tours of the property have been taking place since October 2021, at which point the Goldwynn Residences was approaching $110m in sales - a sum equivalent to 70 percent of its room inventory. It is targeting $160m in total sales when all inventory is sold.
The remaining 15 percent is expected to be sold by summer 2022, as travel restrictions relent and allow more buyers to view the Goldwynn Residences
Comments
Use the comment form below to begin a discussion about this content.
Sign in to comment
OpenID