Coming Soon to the heart of the Financial District from Lifetime Developments and Centrecourt Developments: INDX Condos . Register now for floor plans and pricing and your opportunity to purchase a suite before the public opening.

The location of INDX doesn’t get any more central than this. A direct connection to the PATH network would give residents underground access to

• 6 subway stations
• Union Station
• The Bus Terminal at Bay and Dundas
• Hundreds of shops, restaurants, & eateries
• The Eaton Centre
• City Hall & Metro Hall
• The Four Seasons Centre for the Performing Arts
• Ryerson Business School
• The Air Canada Centre
• Roy Thompson Hall
• The Metro Convention Centre
• The Ritz Carlton Hotel, Royal York Hotel, 1 King West Hotel, Sheraton Centre, Hilton Hotel
• Many more…

Wow. When you break down this list and see what being connected to the PATH in this area gives you it’s really quite incredible.

The development team is the same team that shocked the condo industry when they basically sold out a 46 storey tower in a matter of weeks back in November with KARMA. Lifetime and Centrecourt are two companies that really ‘get it’ when it comes to giving condo investors what they are looking for: a high quality product in a great location that has a high potential for some serious ROI. Prices for INDX will likely be quite similar to that of Karma which averaged about $680 per square foot according to Realnet.

As proposed the project will be 53 storeys and 784 units. I suspect that if sales are successful they will apply for several more floors. Several years ago Harry Stinson was trying to build a 90-storey tower on this exact site before his project failed, investors lost thousands and he sort of went off on a self-imposed exile to Hamilton where he is attempting to build some condos. This site has been the subject of many rumors ever since but now that we have two bonafide developers sitting on it and ready to repeat the success of Karma Condos, this site will surely be home to hundreds of people in about 4 years time.

Contact me now for INDX Condos VIP Sales.

From the builder:

The rumble of the TTC, the steely chime of streetcars. Cool jazz drifting out from The Reservoir Lounge. That fresh apple smell at the St. Lawrence Market, when you know it’s really fall. Curtain call at the Sony Centre, rush hour on Bay Street. It’s what makes downtown Toronto, well, Toronto – the most exciting, dynamic place you’ll ever live. Ever.

Here, at the downtown core, connect to a true original, conceived from the very essence of what makes Toronto one of the world’s great cities. A magnificent tower fashioned from limestone, glass, concrete and steel, soars from its heritage base to a monumental presence in the cityscape. Spectacular views by day and by night. A pivotal location where the Financial District meets the St. Lawrence neighbourhood. With total access to everything downtown. To the arts, to the sports you love, to work, to food from far away places. To the high life, the vibrant street life and the best kind of everyday life.

It’s Toronto to the core. It doesn’t just surround you, it’s inside of you. In your heart. Because living here defines you, drives you, inspires you.

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

Welcome to your online guide to “The Best Penthouse Suites in Toronto“. In this installment I will be profiling the penthouse suite at The Residences At The Ritz-Carlton.

Author’s note: This blog post was originally published in 2008. Hence, some of this information may be out of date. For the most up-to-date information regarding the best penthouse suites in Toronto, please contact me.

Take one quick look through the Ritz-Carlton’s marketing materials, either on the developer’s website, or in their print materials, and you quickly realize what type of clientele they are trying to attract. Only the best of the best, the most successful, the private jet and private yacht kind of buyer.

Ritz-Carlton to many is synonymous with 5-star hotel luxury living. The brand has been around for over 80 years, so they certainly have the history to back up their reputation. Interesting that they are billing every suite in the building as a ‘penthouse suite’-they are committed to upholding their ultra luxury brand

The true penthouse at the Ritz-Carlton has been sold, reportedly to an international buyer. At the time it was marketed as Toronto’s largest penthouse at just under 11,000 square feet. This has recently been eclipsed by the penthouse at College Park: Aura.  Selling price was not released, but initially it was reported to be priced at $11 million.

Developer: Graywood Developments and Cadillac Fairview
Penthouse: 11000 square feet, 52nd floor. Has been sold.
Sub-Penthouse: Available on the 51st floor. Half the floor, $9.065M for 6005 sq ft. (about $1509 per square foot) Also available are sub-sub-penthouses for $1.5M – $3.8M (1513 sq ft – 3475 sq ft. $990 – $1093 per square foot)
Key Features: 5-star hotel amenities. 2 parking spaces included with sub-penthouses. Miele and sub-zero appliances. 12′ ceilings in the sub-penthouse suites. Connected to the PATH network supposedly is planned which would also mean direct subway access.
Notes: Internationally recognized luxury brand.
Occupancy: 2009
Smallest suite is 1400 sq ft.- Mostly end-users, very few ‘investors/flippers’.
Potential Negatives: 79 cents per square foot maintenance fees. No enclosed parking garages available. Location (Wellington and Simcoe) is close to financial district and theatre district, but similar to Shangri-La, it is located in an area that is very quiet after 6pm.

For more information on the Residences of the Ritz-Carlton, please contact me.

Downloads:

• The “Valencia” Floor plan – 51st floor sub penthouse, 6005 square feet, $9.065M
• Price Sheet for Ritz Carlton including sub-penthouses

The Best Penthouse in Toronto Series:

• College Park Aura Penthouse
• Four Seasons Yorkville West Penthouse
• Shangri-La Penthouse
• 1 Bloor Penthouse

Welcome to your online guide to “The Best Penthouse Suites in Toronto“. In this installment I will be profiling the penthouse suites at Shangri-La.

Author’s note: This blog post was originally published in 2008. Hence, some of this information may be out of date. For the most up-to-date information regarding the best penthouse suites in Toronto, please contact me.

The term “Shangri-La” refers to paradise on earth, and that is exactly what the ultra-luxury hotel/condo development of the same name is trying to create at Adelaide and University in downtown Toronto.

There are two penthouse suite units at Shangri-La and they occupy the 64th and 65th floors of the building. These two-storey penthouses are unique to the ultra-luxury penthouse market in Toronto and wil provide the buyer with something truly spectacular. 6700 square feet of sprawling luxury priced at about $12.5 million.

Construction at Shangri-La is well underway with sales beginning well over a year ago now.   At 65 storeys it will not be the tallest condo in Toronto, but it will likely be in the top 3 along with 1 Bloor and Aura. Below are the details on this unit as well as the “Signature Suites” which are equivalent to lower-penthouses in this project.

Developer Westbank and Peterson Group (lesser known in Toronto, but very active developer in Vancouver including Shangri-La Vancouver)
Penthouse: 2 available. 2-storey units, each one composing one-half of the top-2 floors of the building (floors 64+65). $12.5485M each. 6730 sq ft. North/East/West exposures or South/East/West exposures.
Sub-Penthouse: Called the “Signature Suites”. They are not true sub-penthouses based on their location in the building, but they are the next largest suites in the building, located on the 58th and 60th floors. They are 2-storey units also, priced at $6.4555M or $6.2455M with about 4430 sq ft
Key Features: unique, 2-storey designs with living rooms open to above creating a dramatic 22′ high ceiling with 22′ high windows in the living rooms. Hotel amenities available for residents, Miele and Sub-zero appliances, custom closet organization systems. Kitchens by Boffi. Private, enclosed parking spots available.
Notes -Developer wants the building to be connected to the PATH network and the subway, however, city has not confirmed that this will happen.
-’Shangri-La’ brand is lesser known in North America but is very well respected around the world
-Occupancy: Summer 2011
Potential Negatives: Location (Adelaide + University) not in the ‘centre of the action’, although it is steps to the financial district and a short walk to the entertainment district and Queen Street West. Smallest suites available are 800 sq ft – some investor units in the building, but not many. Penthouse floor is not exclusive-two units on the top floor.

For more information on the Shangri-La Penthouse Suites, please contact me.

Downloads:

• Penthouse Suite “02″ Floor Plan
• Signature Suite example Floor Plan

Links:

• Official Developer’s website
• Official site for the Shangri-La hotel
• Construction update site

The Best Penthouse in Toronto Series:

• College Park Aura Penthouse
• Four Seasons Yorkville West Penthouse
• 1 Bloor Penthouse
• The Residences of the Ritz Carlton Penthouse

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.

Nov. 4 Update: Plenty of great units still available. Now reserving units until Nov. 6 only! Sales office is NOT open to the public. Please Contact Me and I will send you the latest pricing and floor plans. Tower 2 will not be released until Tower 1 is sold out.

U Condos – Deposit Structure:

• $5,000 with offer
• Balance to 5% of Purchase Price in 30 days
• 5% of the Purchase Price in 90 days
• 5% of the Purchase Price in 270 days
• 5% of the Purchase Price in 365 days
• 5% of the Purchase Price on Occupancy

U Condos -  Maintenance Fees

• $0.45 per square foot including heat, water, building insurance, common elements expenses
• Hydro separately metered

U Condos – Parking/Lockers

• Parking $38,000 – wait list for units under 600 square feet (Innis & Trinity models)
• Lockers $5,700 – Limited release

Downloads:

• Features and finishes

[Show as slideshow]