QUESTION:
Has anyone heard of any details on the Prica Group (http://www.pricaglobal.com)?
They own KW4Rent (now Accomod8u), ASP Design Group (now PG Design Studio Inc) and are developing/designing/building almost all of the new high-density student housing in the Northdale area (along University, Columbia, Philip etc.) since 2012. Strange that one company is responsible for almost all of that construction, especially since the student populations of UW and WLU haven't grown exponentially over the same period.
The way they are constructing these residences is strange, almost in a pre-fabricated fashion with those foam-insulated concrete blocks (some are blue, some white, some pink-depends on the building). I really wonder how durable this construction method is compared to traditional reinforced concrete construction.
I Anyone currently living in any of KW4Rent/Accomod8u's buildings? How is/was the experience? Anything fishy or just a normal development/construction/design company?
just get bad vibes from this all for some reason (and yes, I know a lot of it is based solely on conjecture).
I lived there for a year. Didn't have any problems.
ReplyDeleteKW4Rent isn't that good - goodluck ever getting a response from them when something goes wrong or they fuck up. Full of empty promises and only interested in your money.
ReplyDeleteI bet that's why they rebranded as "Accomod8u"...to avoid that negative perception that KW4Rent had.
ReplyDeleteyou have the right to be suspicious. when new developers try to build in this region, they get threats from that parent company who owns kw4rent.
ReplyDeleteReally? Where did you hear this? Juicy juicy
Delete@4a
DeleteI know someone in real estate. He told me it was the Chinese mafia/triad. It sounds far fetched but organized crime and extortion happens more often and under our noses than you'd think. For example, there has been many busts with the Italian mafia in Toronto and Montreal and they have been doing the same thing. A Sikh real estate agent was once shot at his home when he started interfering.
People have talked about it for a while now, especially locals, that kw4rent is funded my the Serbian mafia in kw. The company itself is owned by serbs but from what I've been told by other serbians in the region is that it's funded by the mob. Maybe not entirely funded but enough so banks will see assets on paper to give out sizable loans to pay for all these buildings. I don't have sources but I've heard it from enough mouths that I see some merit to what they say
ReplyDeleteThat's some crazy shit.
DeleteThat makes sense. It'd be a great ROI
Deletehttp://i.imgur.com/QvGZaCA.jpg
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