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Fabrik Hits the Fashion District

Fabrik Condos is launching this week in the heart of the Fashion District. Contact me now for floor plans and pricing for the VIP sales event.

Fabrik represents really the first new launch in what promises to be a very busy 2012 for the new condo market. The developer on this project is Menkes, which is considered a blue chip developer in Toronto. They have been building for decades and they are behind some very well known projects like Gibson Square and Savvy up at Yonge and Sheppard, 770 Bay (Lumiere) and The Four Seasons downtown. Of course what they are really going to be known for when 2012 is all said and done is 1 York / 90 Harbour which promises to be one of the largest projects ever attempted in Toronto. Rest assured when you buy from Menkes you are working with one of the best.

Fabrik is going to be a nice boutique project right on Richmond, just west of Spadina. Popular resale buildings nearby include 477 Richmond (live-work lofts, formerly an office building), 438 Richmond (The Morgan by Great Gulf), 388 Richmond (District Lofts by Context). Nearby pre-construction projects that could be considered direct competitors would be Brant Park (Brad Lamb), 32 Camden (Sorbara), and Lofts 399 (Cresford). In general, prices in the resale market for this pocket west of Spadina are lower than those east of Spadina, so I’m hoping that prices at Fabrik will reflect this reality i.e. they will be priced lower than the likes of King-Charlotte, Tableau, Peter Street, The Bond etc.

Please contact me today for your chance to buy at Fabrik before the public opening! Continue reading for a marketing video on the project put out by the developer.

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Fabrik

This condo is launching in January 2012. Contact me for floor plans and pricing and your chance to buy before the public launch!

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297 College

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FAD Condos

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B Streets Condos

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Coming Soon: 32 Camden

March 10, 2011 update: Floor plans and pricing now available. Suite reservations being accepted starting now. Contact me for details.

Coming soon from The Sorbara Group, 32 Camden. Another boutique condo project with only 87 units and standing just 10 storeys tall, this beautiful looking low-rise will make a great addition to the immensely popular King and Spadina neighbourhood. Contact me for your opportunity to buy before the public launch. Floor plans and pricing due out this week!

You may not have heard of The Sorbara Group, but they are actually very experienced developers in Toronto with 60 Bathurst, 60 Niagara, 400 Wellington, in their portfolio amongst others. They are also known for two of Toronto’s most well known conversions – Broadview Lofts (68 Broadview) and Brewery Lofts (90 Sumach). The firm is also involved in many other areas of real estate investment and land development all over the GTA.

I have high hopes that the prices in this project will be much more attractive than those of the nearby King-Charlotte building. Being on a side street on the west side of Spadina should make this one more affordable.

More details to come later this week! Stay tuned and contact me if you would like to be kept in the know for this project. More photos after the jump.

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32 Camden

March 10, 2011 update: Floor plans and pricing now available. Suite reservations being accepted starting now. Contact me for details.

From the developer:

Home shouldn’t look like an office tower. With just eighty-seven suites, 32 Camden is  downtown living on an intimate scale.   No waiting for elevators.  No waiting for gym equipment.  No more waiting for the perfect place to live.  This is more than a quiet building, it’s an environment.  It’s a shared experience that transforms suite numbers  into neighbours, stimulates spontaneous conversations and fosters our social nature.

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Coming Soon to The Danforth: Carmelina Condos

Feb 16 update: Suite reservation requests for Carmelina being accepted now. Please contact me for floor plans and pricing

Carmelina Condos is a low-rise boutique condo coming soon to The Danforth, just west of Woodbine. The site that it will be built on has been literally a hole in the ground for almost a decade now since the building burned down. The developer is JFC properties, and although they have no development history (as far as I know),  they have done at least 2 things right: hired a top architecture firm to design the building (TACT), and hired a top sales firm to sell it (Milborne). This project could be a game-changer for the future of the Danforth if it is well received and once built, contributes positively to the area.

Spacing did an article on the project about a year ago that highlighted some of the challenges facing this project, namely, the constant struggle developers face to go ‘high’ on the Danforth, and the fact that the site fronts on a mixed use street (Danforth), but backs unto a residential neighbourhood (with access from Woodbine).

The banner on the site reads, “From $199,900″ which I presume will be the starting price for a junior 1 bedroom suite, but we will have to wait for more details. If you are looking for an affordable condo on the subway line, minutes from downtown, and in a highly walkable neighbourhood, Carmelina could be an excellent opportunity. I am hopeful that the attention to detail on the exterior will be matched by quality finishes and features on the interior.

An interesting factoid about this part of the Danforth, there are no Starbucks between Jones and Victoria Park. This is a stretch of 4.4Km, which covers 6 subway stops. Now, usually the ‘Starbucks Factor’ when buying real estate assumes that the presence of a Starbucks in a given area means the area is likely a good one to live in with high average incomes. In this case though, the absence of a Starbucks in an area where the average home price is probably around $500K means there is a ‘Starbucks vacuum’, and once filled could signal a shift in the area dynamics. Bloor East Village? Upper Leslieville? This area has real potential to take off over the next few years.

If you are interested in buying a suite at Carmelina Condos, please contact me for more information. Please note I do not work with the developer and am not affiliated with the developer in any way. I am a buyer’s agent. To learn more about why it is essential to hire your own buyer’s agent when buying a pre-construction condo, go here.

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Carmelina Condos

Feb 16 update: Suite reservation requests for Carmelina being accepted now. Please contact me for floor plans and pricing

From the Developer:

If a “taste of The Danforth” is simply not enough, just imagine living here.

This intimate new urban condominium promises to be the coolest address on The Danforth, steps from Woodbine and just a short stroll south to the Beach.

We’re putting the finishing touches on an array of suite designs that you’re going to love.

Carmelina is coming…and that spells excitement in any language!

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Coming Soon: Kew Beach Living

Coming soon to the Beach neighbourhood of Toronto: Kew Beach Living. Register with me now for your chance to buy in this project before the public launch. Floor plans now available.

This project could be very important to the future of condo development in this city. It is clearly aimed at capitalizing on the recent trend of smaller, boutique style buildings in established neighbourhoods. What sets this one apart though is that it is going to be located in one of the priciest pockets of one of the most desirable neighbourhoods in the city AND there will be a large proportion of smaller, 1 bedroom units. Typically a project like this would be aimed at end-user, empty nester / down-sizer type buyers who mostly already live in the area and want to stay but with the enjoyment of the condo life style. As such you would not see many units under about 800 square feet, and you probably wouldn’t hear about it because it would mostly be advertised in its own local area. This one you will probably see promoted and plastered all over the internet by downtown agents like myself with  first time buyer and investor clients will be wanting to grab suites here that are under 700 sq ft (by my rough count, almost half the suites in the building will be less than 700 sq ft).

The average selling price of a freehold home on Kippendavie and the surrounding streets in the past year is about $700K. Not so different from any number of streets in any number of great neighbourhoods in Toronto. Now first time buyers and investors will be able to own a great property for less than half the existing average prices.

If this project is a success (and I can’t see any reason why it would not be from a sales perspective), I think we will see more projects like it in the next couple years – small infill type buildings with a large percentage of units under 700 sq ft. Think: the hole in the ground at Woodbine and Danforth. The one caveat I would put on this project is it has already faced plenty of opposition from Beach residents who say their streets are no place for this type of development. The city has yet to officially approve the re-zoning for the building, grant permits etc. and it has the potential to go to the Ontario Municipal Board if opposition to it continues. Potential buyers must be aware of this risk when plunking down their deposits.

More details coming later this month. Contact me to get it first.

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