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Coming Soon: The Berczy

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.

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The Berczy

Description Coming Soon!

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Coming Soon: Sync Lofts

Feb 9 Update: Floor plans and Pricing Available now for the VIP sales event. Contact me for more information.

Another boutique condo/loft building by Streetcar Developments is coming to Queen Street East: Sync Lofts. Contact me for info on the upcoming VIP sales event. The Riverside neighbourhood (Queen and Broadview) will be one to watch over the next 5 years. This small pocket has the real potential to become the next King and Bathurst – one of the hottest areas downtown right now. It has all the ingredients of a neighbourhood that is about to ‘pop’: furniture shops, restaurants, coffee houses, historical buildings, excellent transit, and plenty of hipsters. Riverside is good, but not great right now – there is still time to ‘get in’ before this area is fully gentrified.

The building will be 8 storeys and house 97 units. Unique selling features will include built-in iPod docking station with pre-wired speakers, and built-in wifi connectivity – hence the name ‘Sync’.

Units at Streetcar’s recently completed EDGE Lofts across the street from where Sync will be are currently selling in the resale market for approximately $500 Per Square Foot.

There will be a VIP sales opportunity for this project – contact me for more info.

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X2 Condos VIP Sales

X2 Condos at Jarvis and Bloor by Great Gulf Homes and Lifetime Developments is my pick for one of the best investment condos downtown this year. Contact me now to reserve your unit for this month’s upcoming VIP sales event.

X2 is the second phase of X The Condominium, and will be located on the south side of Charles Street, one block south of Jarvis and Bloor.  Prices are starting at just $466 per square foot, with the average price for the building being approximately $510 per square foot.

Investors – this is it! Avoid the hype and line-ups that will surround Number One Bloor ($800 PSF and just 3 blocks away!) U Condos tower 2 is priced at $600-$700 PSF (4 blocks away)! Buy value and buy quality in the Bloor-Yorkville neighbourhood with X2.

Click here to download a full brochure with floor plans: x2_brochure. Or download the floor plans only here: x2_floorplans

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Coming Soon the West Don Lands: River City

January 22 Update: New Release of Floor Plans from $189,900. Don’t wait for the public launch. Buy today.  Contact me for more information.

It’s no secret that 2009 has been a very quiet year for new condo launches in downtown Toronto. Besides One Cole, there really hasn’t been any NEW launches worth mentioning this year. I expect things will change this fall and River City is a project that I am very excited about.

River City is going to be the first phase of new condos sold in the brand new West Don Lands neighbourhood. The West Don Lands is the currently undeveloped, 80-acre site bounded by Parliament Street (west), King Street (north), Don River (east), and the rail lands (south). Most of the land is owned by the provincial government and this entire area is slated to transformed from basically nothing into a master-planned community. Think condos, lofts, townhomes, retail, restaurants, employment, parks, and transit. This is going to be BIG.

The developers behind the project are Urban Capital (Camden Lofts and Charlotte Lofts) and Red Quartz Development. Sales will begin this fall. Register with TrueCondos.com now for your chance to buy at any upcoming VIP sales events, and stay tuned to TrueCondos.com for updates as more information is released in the coming weeks.

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River City

January 22 Update: New Release of Floor Plans from $189,900. Don’t wait for the public launch. Buy today.  Contact me for more information.

Register with TrueCondos.com for your chance to attend any upcoming VIP Sales Events for River City. River City, the first private sector development in Waterfront Toronto’s West Don Lands community, is now accepting registrations for its first phase. A LEED Gold development, River City will include 850 residential units of condominiums, lofts and townhouses priced from $179,900, as well as boutiques, stores and restaurants, surrounded by the seven hectares (17-acres) Don River Park.

Developed by Urban Capital and designed by Saucier + Perrotte Architects, one of Canada’s most respected and award-winning design firms, River City will be a collection of bold forms and innovative spaces. The sales office for River City is expected to open this fall, while construction of the development is scheduled to begin in 2010 and first phase of occupancy is slated for 2011.

The West Don Lands will be a sustainable community where design excellence, sustainability and technology come together. Designed to be a lively and vibrant neighbourhood, it will offer a mix of housing for people at all stages of life and income levels. It will feature nine hectares (23-acres) of parks and public spaces, 6,000 new residential units of which 1,200 will be affordable housing, transit connections within five minutes of each home, and 750,000 square feet of employment, commercial and community space. The revitalization of West Don Lands will proceed over the next 10-12 years in three phases.

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Pre-Construction Sale This Weekend at Flat Iron and Work Lofts

This pretty much speaks for itself, but it looks like Brad Lamb is looking to generate some quick sales by lowering prices and offer incentives much in the same way FLY, California, and most recently Liberty Market Lofts have done.

Flatiron and Work Lofts are to be located at Dundas and Carlaw in the Leslieville neighbourhood on the East side. Both projects are less than 70% sold and neither have started construction yet.

Contact me for more information on Flatiron Lofts and Work Lofts.

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The Modern Set to Break Ground

The Modern on Richmond is set to break ground on construction this month. June 24th will be the official ground-breaking ceremony. This is great news. The Modern started selling right at the peak of the insanity surrounding the pre-construction condo market in Toronto and it was actually the same month as 1 Bloor East – November 2007. So it has been a long 19 months for purchasers who have been patiently waiting and wondering when this project would get off the ground (or under it!).

Originally The Modern was scheduled to occupy in March of 2010. With construction set to begin shortly, that date will likely be pushed back significantly. That may be shocking to some, but in actual fact it is far better than the current state of several other projects downtown which were also launched in Q4 2007  – Q1 2008 and have yet to break ground.

The Modern is about 80% sold out but there are some good units still available with pricing in and around the low to mid $400s per square foot. In my opinion, the Modern has some of the best floor plans in the city and the standard features are quite good. Several of my own clients have purchased in this project. For more info on The Modern, please contact me.

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One Cole – The Future of Regent Park

Today was the broker’s luncheon for Daniels’ new project in the Regent Park neighbourhood (Dundas and Parliament) - One Cole. Baker Real Estate is handling the broker’s sales event so as expected, it was very busy with about 100 agents or so in attendance.

The VIP broker’s sales event is set for May 30th, with the public opening June 13th. Contact me now for more information about how you can hire me me as your exclusive buyer’s agent for this event. Baker is limiting agents to just 2 buyer clients each for this event. Floor plans and pricing now available.

 One Cole is really unlike any other condo in the city for a number of reasons. First of all, it is already built, yet not a single unit has been sold. Unlike 99% of the condo projects in this city where the builder sells at least 60% of the units before a shovel ever hits the ground, One Cole is nearly finished construction with occupancy is set for the end of this year and sales have not even started. In this market, where many buyers are leery to buy anything for fear the condo may not be built, this is welcome relief.

But of course the real reason why One Cole is so different is it is part of the Regent Park Revitalization plan. Regent Park was Canada’s largest social housing project, built back in the 1940s. At the time it was heralded as a solution to the area’s many urban and social problems, but 60 years later it is widely regarded as a failure and probably exasperated the social problems it was trying to address.

If you leave Toronto now and come back in 10-15 years, you would not recognize Regent Park. It is undergoing what is being called the largest scale neighbourhood renewal project in North America. One Cole is part of phase 1 of this renewal.

My quick thoughts on this project:

• Great value. At $400 per square foot, premium features like 9′ ceilings, granite counter tops, ceramic back splash, stainless steel appliances, laminate flooring in all rooms are all standard.
• Great building. The building itself will have some excellent features that will enhance the quality of life of it’s residents including a 20,000 square foot roof top park, and a Sobey’s, Tim Horton’s and RBC bank all right in the building. The building will also be the first in Toronto to be Leed Gold certified.

My questions about this project which I’d like to hear your thoughts on are:

• Investors - are you considering buying a in this location? Why or why not?
• First time buyers – If you are looking for a condo downtown, and have never considered this area, would you consider buying at One Cole? Why or why not?

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Condo Project Updates: Parc Lofts and Work Lofts / Flatiron Lofts

Continuing from yesterday’s post, today I will be profiling Parc Lofts and Flat Iron / Work Lofts.

Parc Lofts

Parc Lofts will be located at Wellington and Stafford, overlooking Stanley Park. All units will have 10′ ceilings, gas cooking and caesar stone counter tops as standard. It truly is a boutique project with only 94 units in total. The project is about 40% sold out.

Floor plans are available on the official site.  Sample prices:

• 483 sq ft 1 bed, $213,900
• 607 sq ft 1 bed, $259,900
• Prices are generally in the mid $400s per square foot

Flatiron Lofts / Work Lofts

Flatiron Lofts is actually considered phase 2 of the Work Lofts development at Dundas and Carlaw. If you haven’t been by the area it is home to several great authentic hard lofts as well as some newer soft loft projects. Flatiron is about 55% sold out and Work Lofts is about 70% sold out. 

Floor plans available on the official site. Current incentives include $5000 towards upgrades and $5000 towards closing costs. Some sample prices:

• $223,900 for 1 bed, 523 sq ft
• $230,900 for 1 bed, 605 sq ft
• Prices are generally in the low $400s per square foot

If you have any questions about these developments, please contact me.

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