Coming Soon: The Berczy
Coming soon to the St Lawrence Market neighbourhood by Concert Properties: The Berczy. Yet another boutique buildingÃƒâ€šÃ‚Â 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.Ãƒâ€šÃ‚Â 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.