Brad Lamb has several projects that were launched last year that have yet to hit the construction stage. As such, there are still a good selection of units available at all these boutique condominium projects aimed at the design-conscious buyer. In this two part series I will provide an update four of these projects. First up, Kormann House and The King East.
Kormann House
Kormann House will be located at Queen and Sherbourne in the burgeoning east side. The project is a mix of hard and soft lofts, with the building incorporating a historical building that is currently sitting empty at Queen and Sherbourne
Sales have been going on at Kormann for about 8 months and they are about 50% sold.
For floor plans, visit the official site. Some examples of available units and their price points:
- “Church” 467 sq ft – 10th floor – $215,900
- “Poulette” 549 sq ft – 10th floor – $251,900
- “Dundas” 628 sq ft – 3rd floor – $254,900
- Price per square foot for most units is in the $400-$450 range
The King East
The King East is another east side project at King and Parliament. Boasting some of the best standard finishes in the city and most units coming with oversized terraces, this project has a certain appeal to the style-setting crowd.
Sales have been happening at The King East for about 12 months now and it is about 50% sold.
For floor plans, visit the official site. An example of the asking prices at The King East:
- 13th floor, 624 sq ft, $294,900 or a similar unit with a 431 sq ft terrace for $314,900
- Price per square foot for most units is in the $450-500 range
Check out the blog tomorrow as I will publish a similar post on the status of Parc Lofts and Flat Iron Lofts / Work Lofts. If you have any questions about these developments, please contact me.
May 8th, 2009 at 3:55 pm
the kormann house lofts website is down andhas been for quite a few days.is this signifigant although the project still shows up on brad lamb’s site and kv development site.
May 8th, 2009 at 4:02 pm
Hi Charles,
I’ve noticed that too. I’m not sure why that is. As far as I know they are still selling units at Kormann House.
May 27th, 2009 at 10:40 pm
i heard it was cancelled. thoughts??
May 27th, 2009 at 11:40 pm
I don’t have any verification on that rumor but I’ve heard it too. I will try to find out what is up with this development
May 29th, 2009 at 10:06 am
This site is listed for sale on icx.ca…..perhaps the land owner is looking at various options as to what to do with it?
May 29th, 2009 at 10:14 am
Interesting. Thanks for the update Lor.
June 1st, 2009 at 8:47 pm
i am having an agent call lambs office this week to see if they are still offering them at kormann house.ive started looking again too just in case…thanks for the updates
June 2nd, 2009 at 3:04 pm
called lambs office and agent wouldnt take call re kormann house so i think that pretty well confirms project is dead ,site is for sale and the bgm building on king st east also for sale same owner so looks like kc developments is in retreat
June 16th, 2009 at 2:55 pm
any new kormann news?
June 17th, 2009 at 6:25 pm
Nothing official yet
June 18th, 2009 at 11:51 am
i see a new sign up at kormann house on the front doors………homelife
June 29th, 2009 at 11:28 am
I was at the King East sales office yesterday.
One of the sales rep said the Korman project is dead.
June 30th, 2009 at 10:26 am
i heard the same thing! doa! money back hopefully in 4-6 weeks they are wrapping it up.seem to be getting directed to king east/parliament project as well although now i am not as sure about it
August 12th, 2009 at 12:51 pm
here we are aug 12 and i just heard that the return of kormman house funds are imminent
September 3rd, 2009 at 12:36 pm
So..we’re into Sept – any news on this development?
September 5th, 2009 at 1:23 pm
got a call this week again hahah after i was away 10 days and my agent said did you get your funds back? so another week no money! disapointing actually i feelparalyzed