Architects Allianced | TrueCondos.com - The Best Source for Toronto Condos

ICE 2 Launching This Month

5. October 2009

The second tower of ICE Condominiums by Lanterra Developments and Cadillac Fairview is about to be launched. Sales at tower 1 started back in July 2008, and that tower is well over 80% sold out.

The development is part of the York Centre community which is located at York and Bremner. Lanterra and Cadillac Fairview are the developers behind the highly successful Residences of Maple Leaf Square which will be right across the street from ICE. Other Lanterra projects include: WaterParkCity, 22 Wellesley, One Bedford, Murano and Burano, and 18 Yonge street.

Wondering what all the buzz is about for this project? To begin, it is going to be big. Really BIG! The second tower is to be a 65-storey super-tower which would put it in the ultra-exclusive height category that currently only Aura, Trump Tower, Shangri-La, and the Ritz Carlton occupy after the recent death of 1 Bloor.

Also, it is to have a direct underground connection to the PATH system via Maple Leaf Square, the ACC and Union Station. Perks will include being able to leave your coat in your condo as you walk indoors to the 40,000 square foot Longo’s grocery store in the base of Maple Leaf Square, or catch a game or concert at the ACC.

Peter Clewes of architectsAlliance (One of Canada’s resident Starchitects) designed the building and judging by the renderings it will certainly stand out and has real potential to be that landmark building that investors and condo buyers are always looking to be a part of.

It goes without saying that suites will feature stone counters, hardwood floors, stainless steel European appliances, cutting edge design and finishes, and 9′ ceilings. These are not entry level, low-end condos. Prices are going to most likely be in the $600-$650 per square foot range at the launch phase.

Prices and floor plans for the upcoming VIP broker’s sales event should be released soon. If you are interested in buying a suite at ICE 2 prior to the public launch, please contact me.

Plenty of Great Units Still Available at CASA and Bloor Street Neighbourhood

11. March 2009

0 Comments

Most developers have shelved their plans for launching new projects in 2009 in favour of promoting and marketing their projects already on the go. Cresford is currently pushing their 2 developments under construction located on Charles St, just south of Yonge and Bloor. If you are looking for a new condo in a prime downtown location and want to move in in the next 12 months, BSN: Bloor Street Neighbourhood and CASA could be good options for you.

It’s debatable whether or not this location is truly Yorkville, but it’s steps from Bloor Street shopping, the Yonge and Bloor line subways, the Manulife Centre, and about half a dozen Starbucks locations.

There are still plenty of great units available at both buildings and Cresford is offering some pretty good incentives right now. For suites priced over $600,000, Cresford is offering a free parking spot and locker (valued at around $40K), and for suites priced under $600,000 they are offering 2% cash back (not as exciting).

Architecturally these two buildings offer a striking contrast. BSN is more of a traditional high rise with a staggered podium and a unique L-shape. CASA is a great example of a Toronto modernist condo designed by architectsAlliance with a ‘glass box in the sky’ feel to it. Key features at BSN include 10′ ceilings, huge terraces, and generous floor plans. CASA will feature an outdoor pool that will be open year round.

Price per square foot varies from $500-$700 depending on the unit, exposure, balconies (see current price list below).

If you are interested in more information about Casa or BSN, please contact me.

Links

BSN and CASA pricing

U Condominiums: Tower 1 58% Sold

10. February 2009

0 Comments

U Condominiums by Pemberton at Bay and St Mary’s is one of the projects that probably wishes they had a time machine and could launch their sales just a couple months earlier than they did. They started selling in the fall of last year, just weeks before the stock market crashed and there was a fundamental shift in the Toronto real estate market.

That being said, they are doing pretty well in terms of sales and definitely better than other projects that launched in the second half of 2008. 212 out of 366 units have been sold in the first tower to be released. That’s just under 60% sold. TD bank has told them they need to acheive 70% to secure their financing. That works out to roughly another 45 units to go. Don’t expect to see the second tower released any time soon. I wouldn’t be surprised if they don’t even release it at all in 2009.

Many of the prime units at U are now gone, and prices certainly have increased since the initial launch back in the fall, but there are many units still available. Prices for most are in the mid $600s per square foot. This number may seem high, but it is really not out of line with what is available and selling in the area. My own feeling is that over the long term, the Yorkville area centred at Bay and Bloor will remain one of the preeminent neighbourhoods in Toronto.

For more information on U Condos, please contact me.

Links

Recent Globe and Mail article on U Condominiums

Developer’s official site

U Condos – Sales On Now

8. September 2008

2 Comments

Good news for those of you interested in U Condos at Bay and St Mary-the VIP event is coming up this month ON NOW. Please drop me a line if you are interested in purchasing a unit at U Condos.

I just spoke to my contact for U Condos and he informed me that there will be something coming up likely next week. I expect to have some great information for my clients including floor plans and pricing for U Condos by the end of next week.

Floor plans and pricing available now!

The project is looking absolutely spectacular: amazing location, gorgeous architecture by “Starchitect” Peter Clewes of architectsAlliance, top-end finishes, and the floor plans are top-notch.

Prices are in the $600-$700 per square foot range, roughly on par with College Park Aura, Ice Condos, or 300 Front.