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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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Theatre Park to Debut This Month

Theatre Park is good to go! After facing much opposition from city council, Lamb Development has received approval from the OMB to build this tower. The tower of glass and steel, designed by architectsAlliance, is to be 47 storeys tall with 240 units and prices will start from $299,900. Brad Lamb never seems to release pricing before the day of the actual sales event, but I anticipate prices will be in the mid $600s Per Square Foot on average. Floor plans are available now.

Brad Lamb’s other (now completed) building in this area is Glas, located on Oxley street, near King and Spadina. Glas commands some of the highest resale values in this area and whenever I show buyers suites in this building, there is an almost universal appeal and ‘wow’ factor to the suites. Perhaps more than any other developer downtown, Brad Lamb delivers what buyers want.

Located at 224 King Street West, just east of the historic Royal Alexandra Theatre, I’m not exaggerating when I say the location is A1. Having a King Street address will be very valuable from an investment perspective as this area continues to improve and possibly become the ‘next Yorkville’. Traffic flow, transit lines, and retail patterns will all contribute to positioning King Street as the premier street in this area. The ‘King Street Factor’ should not be overlooked when comparing Theatre Park with other area developments.

The building itself promises spectacular architecture and will be set-back from King Street in order to incorporate a public park fronting onto King Street. I don’t have details on how this will be executed but hopefully it will be done with care as it has potential to be either awkward or amazing in my opinion.

The one-night-only VIP brokers’ Sales Event is happening November 22. Contact me for further details and your chance to buy at this project before the public release.

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Theatre Park

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Coming Soon: Tableau Condos

Feb 18 update: NEW RELEASE OF SUITES COMING THIS WEEKEND. 1 bedrooms will be available under $300k. Contact me for details.

Coming soon from Urban Capital, Malibu Investments, and Alit Developments: Tableau Condos.

The early word that I am hearing on this project is that it will be “very well priced”. Quite frankly, they will have to be well priced in order to stand out in what is becoming an increasingly crowded sub-market. Several large scale projects have recently launched in the area including Bisha, The Mercer (formerly 8 Mercer), and Pinnacle on Adelaide. Several more are in the immediate pipeline including Tableau, Studio, and Cinema Tower.

This is the true entertainment district. Love it or hate it, you can’t argue that this is A1 Toronto real estate. Much ink has been spilled lately with people prognosticating about the current and future of the district, but it is clear that if you add several thousand medium-to-high end condo units in such a small area, the area will change dramatically.

Prices are supposed to start at ~$540 per square foot and 80% of the suites will be priced under $400K. I suspect that the highest floors will fetch something in the $650 PSF range, but we’ll have to wait and see what they come out with. If they can keep the high floors around the $600PSF mark, and if the floor plans make sense, this one could be a very good buy for investment.

For more information on Tableau, please contact me. Sales are starting this month.

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Tableau Condos

Feb 18 update: NEW RELEASE OF SUITES COMING THIS WEEKEND. 1 bedrooms will be available under $300k. Contact me for details.

• A residential community envisioned around a table and designed to preserve the 20th century context of the original warehouse
  building at 117 Peter St.
• Located in South SoHo at the corner of Peter St. and Richmond St.
• An original collaboration of developers, architects, interior designers, landscape architects and artists to transform this
  corner of the neighbourhood.

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DNA3 Looks Like a Winner

DNA3 is just about ready for launch, but I have been granted VIP access to the project in advance of the wider openings later this month. If you are interested in getting a unit at this project, contact me right away for your best opportunity to buy.

Details on the project are now in. Standout suite features include:

• Built-in, integrated stainless steel European sized appliances including: fridge, range, microwave, range hood (very sexy)
• Engineered hardwood throughout including bedrooms and dens (say good bye to carpet forever!)
• All bedrooms have windows – no ‘buried’ bedrooms without windows in the building!
• Exposed concrete 9′ ceilings
• Balconies or terraces on all units

Exciting building features include:

• 6000 square feet of retail on the ground level including one very exciting anchor tenant (TBA)
• 3 outdoor roof-top terrace areas including a Las Vegas/South Beach inspired “Misting Station” (HOT!)
• Massive gym, multiple party rooms, yoga room, business centre, theatre room (very extensive amenities)

King West has arrived as one of the premier neighbourhoods downtown. DNA3 offers amazing value for the location and features/finishes of the building. Definitely a winner and TrueCondos.com approved investment opportunity. For details, please contact me.

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Two New Condo Projects Rejected Based on Height

The City’s love/hate affair with tall buildings continues. Toronto is one of most high-rise friendly cities in the world, with more projects proposed, under construction, or recently completed than just about every city in the developed world. Still, developers face an uphill battle when looking to build ‘up’. Last week, two condo project proposals were rejected based primarily on the fact that the proposed towers were too tall.

Giraffe Condos at Bloor and Dundas (27 Storeys, TAS DesignBuild) had their project rejected at the OMB, and Theatre Park at King and University (45 Storeys, Brad Lamb) had their project rejected by City Hall. Both decisions were focused on the height of the buildings making them ‘out of context’ for the area they would occupy.

On the surface, the news for Giraffe is potentially worse than for Theatre Park, as once a project is rejected at the OMB level, there is no higher authority for developers to appeal the decision in front of. Brad Lamb can and likely will take their case directly to the OMB as the city is unlikely to concede what they are seeking (45 storeys).

No word yet on what will happen to purchasers at Giraffe, or whether TAS will appeal the OMB’s decision. The future of what would have been a landmark condo tower and potential neighbourhood changer is definitely in doubt. Giraffe has been selling units for about 2 years. Theatre Park has not opened a sales office or started marketing the project in any way, but word on the street is they have been selling units to insiders since the fall.

While I am by definition in favour of more high-rise development downtown, and especially on the subway lines, I believe there is a case to be made for ensuring our condo towers fit into the context of their surroundings and do not adversely affect the street life at the ground level.

To follow some of the discussions on Giraffe or Theatre Park, check out the UrbanToronto.ca message boards.

Questions or comments on these projects? Leave a comment or email me directly.

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Coming Soon: Bisha Hotel and Residences

King and Spadina is absolutely exploding. Not 10 years ago any self-respecting Torontonian would carefully avoid this once sketchy area.  Now this ultra hip zip code made famous by “M5V” is setting records for prices per square foot with buildings like The Hudson (438 King St) and Glas (25 Oxley) making resale buyers salivate.

Enter Bisha Hotel and Residences by Lifetime Developments (Liberty Market Lofts, X2, Victory Condos) and INK Entertainment. The combination hotel and condo will be situated at 56 Blue Jays way on the former site of the Diesel Playhouse and what was once Leoni’s restaurant for those who were around long enough to remember Leoni’s.

Charles Khabouth is the man behind INK Entertainment and is Toronto’s night club king, owning and running several venues including Guvernment and Ultra Supper Club. His vision for night life, combined with the design of Munge Leung (ICE, Murano, Ritz Carlton, FLY, etc.) and the condo building savvy of Lifetime has me very excited about the possibilities of this project.

It’s hard to describe what Bisha will be like, because there has never been anything quite like it in Toronto, but the concept for the Hotel/Residences was launched at Interior Design Show last month. The style is modern yet classic, elegance without being fussy.  Another first for the city of Toronto: Bisha will incorporate 1 floor of affordable housing in the building which will be rented out to the the hotel employees. I expect this to be a trend-setting move that will be seen more often as the city seeks to incorporate more affordable housing units and developers seek to build more units on every tract of land they own.

Sales will be launching late spring/early summer, however, once again my clients will have priority access to this project because of my excellent track record and relationship with Lifetime Developments. If you are interested in Bisha, please contact me.

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Bisha

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DNA3

Description Coming Soon!

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