Coming Soon: The Yorkville
The Yorkville is the latest development from Lifetime Developments. Lifetime has been behind some of the hottest projects downtown over the last several years including X2, The Four Seasons, Victory, BISHA, and Liberty Market Lofts to name a few.
The location is strictly NOYO (North Yorkville), and I suspect the prices should reflect this Ãƒâ€šÃ‚Â (we won’t be seeing $1000PSF in this building). Ãƒâ€šÃ‚Â Still, although it’s on the other side of Davenport, it’s still only about 5mins walk to either Bay and Bloor or Yonge and Bloor, or Yorkville institutions like Sassafraz and Pusateri’s.
The architecture itself I think will polarize, as some will no doubt love it for it’s unique, bold shape, while others will malign it for trying to do too much (investors will only be asking, ‘will it make me money?’).
Amenities will include the usual 24hr concierge, gym and yoga studio, party room, roof top terrace, pool, PLUS some extras like piano lounge and wine cellar.
No pricing has been released yet but I would anticipate something in the $750-$850PSF range for this location (in other words, probably slightly below One Bloor prices). That number may seem shocking, but rest assured that it is well supported by the resale market for Yorkville with units at the nearby 18 Yorkville (by Great Gulf Homes) selling routinely in the $800PSF range (for suites with parking).
Lifetime projects are always HOT when they first release. I expect a frenzy of demand from the investor community, especially for the suites under $500K.Ãƒâ€šÃ‚Â For floor plans and pricing and your opportunity to buy at the upcoming VIP sales event, please contact me.