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.