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The anticipation is growing for Number One Bloor.  Great Gulf Homes acquired the site a few months ago from Bazis International – the former developer of “1 Bloor” who ran into financial troubles and was unable to proceed with the development. Great Gulf Homes is definitely one of the good guys when it comes to condos in Toronto having already completed successfully several Tier-1 buildings in addition to several more in the pipeline.

So what should buyers expect for this time round for this historic address? Expect lineups. Expect a great deal of coverage from the mainstream media. Expect a launch sometime around March 2010. Expect price per square foot to be in the $800-$1000 range. Did I mention lineups? Finally, expect Great Gulf Homes to get this project built!

If you are wondering how there could be lineups to buy condos at $800 PSF, consider the build up and anticipation surrounding this condo (in March it will have been 3 years since they first announced the original 1 Bloor), the intensity of the overall pre-sale market, and the fact that no matter what anyone says, Yonge and Bloor is a very important intersection and always will be. They aren’t making any more land on Yonge Street!

Interesting that the old Bazis website for “1 Bloor” has been removed and now both 1bloor.com and 1bloor.ca redirect to NumberOneBloor.com which is the developer’s official site.

If you would like to be updated when more information becomes available for Number One Bloor, including details on any upcoming VIP sales events, please contact me.