LH and LH2 are stunning in design and very unique to the market. The same developer/architect is also responsible for the recently opened Templar Hotel a few doors down which is a beautiful modern boutique hotel -- but took 8 years to build.
LH was supposed to be model of responsible and modern design (socially and environmentally), where units are larger and very spacious inside and out, the building is respectful of height and density and to it's surrounding, lots of quality thoughful features/finishes, and all at selling prices which were attainable.
Unfortunately the developer has gotten way over his head and realized that this kind of design and development wasn't feasible and is now trying to flip the property to another developer.
The developer proposed a height increase of 8 floors to the original 13-stories a year and a half ago, which was met with little opposition from the City and public at a community meeting Fall of last year. This was presumably done to sell more units at a more realistic price to make up for the units that were sold for far less than what they should be.
The developer blamed the delays of LH on the approval of this height increase, however the developer never gave a revised occupancy date (it was supposed to be completed last year), they have never made an attempt to market or sell the remaining 30% of the units of the original design nor the newly added floors, the sales pavilion was closed down and phone number disconnected, many people on the development team have dropped out, and according to the City no application was ever submitted for approvals of the new design to date!
I am also one of the purchasers in this development and I have also pulled out because I strongly feel that the developer (or any future developer) could not promise what was orgininally designed. Like Sayf I am very frustrated with the lengthy delays and lack of communication from the developer, and there were way too many signs that point to the failure of this development to be ignored.
If the developer hired a more competant and agressive marketing and sales team (they handled sales and marketing themselves), priced it more realistically, had better customer service, scaled back on some of the features & finishes which most people will never notice or appreciate, and partnered with an experienced developer (the architect/designer is also the developer), than we could have had a very nice boutique condo building standing by now. The developer/architect has no business being in the development business to begin with.
I wouldn't be surprised if a typical 40-story commodity-type condo development will eventually be built in its place. The site is only 6,000 sq.ft. so it will be challenging site to build.
I am also extremely disappointed and experienced a loss of time and money (property values has appreciated a lot since I bought), and will only deal with highly reputable developers from now on.