Coming soon to the St Lawrence Market neighbourhood by Concert Properties: The Berczy. Yet another boutique building designed to be both modern yet keeping in line with it’s surrounding buildings, The Berczy will no doubt be a very welcome addition to the St Lawrence area. I am predicting prices around $575-$600 PSF for this project. London on the Esplanade is currently selling in the $550 PSF range. Concert Properties is a very active developer outside Ontario, but this is their first solo project I am aware of in Toronto.
When I meet with a buyer for the first time and ask them what neighbourhoods are highest on their wish list, inevitably the St Lawrence Market area is in the top-3. Don’t look now but the St Lawrence market area is one of the hottest and most desirable areas downtown. In some ways the area is now starting to realize the potential it has had for the last 200 years to be one of Toronto’s truly great neighbourhoods. For the better part of the last 25 years the area has been mostly perceived to be a tourist destination and as a home to several low-income and co-operative housing buildings. This perception has changed dramatically and buyers are now lining up for a chance to call this area home. With the addition of London on the Esplanade, L-Tower, Market Wharf and now the Berczy, things are certainly looking up for the St Lawrence Market.
The somewhat odd name is presumably from the name of the park which will be directly across the street from the building and directly west of the famous Flat Iron building.
For more information on The Berczy and to find out how you can buy before the public at any upcoming VIP sales events, please contact me.
February 15th, 2010 at 10:36 am
Concert Properties is very reputable developer. Out of their projects, I really like the Arbutus Walk, a master planned community (http://www.concertproperties.com/properties/planned/properties127.htm) in Kitsilano, the heart of the west side of Vancouver. It’s mixed with townhomes and low-rise condos. A great neighborhood to live in and shop.
February 15th, 2010 at 2:02 pm
Yes, how unfortunate that there are lower income people in the neighbourhood.
February 16th, 2010 at 11:19 am
@Molly, yes that did come across a little crass didn’t it? I changed the wording to reflect my intent: that it was the perception among home buyers that was unfortunate, and that this perception has changed dramatically of late.
February 20th, 2010 at 1:26 pm
You forgot the Vu at Jarvis & Adelaide in your list of new projects. People are moving into it, now.
March 4th, 2010 at 12:10 pm
I really cant wait to find out more about this condo!. Please email me as soon as you find out more about it!
Thank you
April 29th, 2010 at 1:41 pm
I would love to know more too – please keep me up to date!
Thanks
May 1st, 2010 at 12:21 am
Concert also collaborated in building the “prelude” condo at 151 Beecroft road back in 2003.
They’ve been in the game long enough one just has to hope they haven’t become shoody with quality and finishes.