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Coming Soon: One Park West

17. March 2010

Coming this September from Daniels: One Park West. After the hugely successful launch of One Cole (the first phase of the Regent Park redevelopment) in May 2009, Daniels Corp. is getting set to launch the second phase of condominiums to be part of the billion dollar makeover of this downtown east side neighbourhood.

One Park West is under construction now. Sales are to start in September 2010. There will be stacked townhomes ready for occupancy almost immediately, and then the tower portion itself which will not be ready for occupancy until early/mid 2011. Prices will likely be something similar to what we saw at One Cole, except slightly higher. Most suites at One Cole were in the $390-$400 PSF range at the initial launch. The last few units sold recently in the $420 PSF range.

If you are interested in purchasing a unit at One Park West, I suggest you hire me as your Exclusive Buyer’s Agent. I have been granted membership into Daniels’ exclusive “Platinum Brokers Club” for this project which will allow my clients to gain priority access of exclusive suites without having to wait in lineups. Besides getting you exclusive access to One Park West, hiring me as your buyer’s agent gets you professional representation at no additional cost. Protect yourself, always hire a buyer’s agent when buying a new condominium from a builder.

If you have any questions about One Park West, or if you would like to hire me as your exclusive buyer’s agent for this project, please contact me.

One Cole – The Future of Regent Park

14. May 2009

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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?