Tuscani01
Senior Member
CityPlace will never turn out to be something desirable in Toronto. It will never even be up-and-coming either. It will remain a cheap renting condo blocks. There is little opportunity of price increase either judged by the quality and the scale of the entire project. In 10 0r 20 years, I would not be surprised if it turns to be another St Jamestown or Regent Park. Be somewhat close to King West adds little value to it, just like St Jamestown's proximity to Yorkville never makes the former upscale.
How on earth is a private development going to turn into a Regent Park of St. Jamestown? Units in Cityplace *can* be cheap, but most are priced average/quite high. There are many units going for more than $450,000 and even some pushing closer to $1 million. Even preconstruction prices are quite high. Each building has plenty of amenities, unlike those found at Regent Park or St. Jamestown (which was the reason why St. Jamestown never attracted the type of people it was planned to attract). These areas also had NO retail and no mixed uses, whereas Cityplace does... its just still under construction so many of the units have not yet been leased.
The only comparison that can be made to St. Jamestown/Regent Park is the density, but so what. Vancouver's downtown is high density and similar to Cityplace, but its not a St. Jamestown. Mississauga City Centre is going to be approaching the same density as Cityplace, and its not a St. Jamestown or Regent Park.
How about backing up the statement with evidence that it will become one of those two neighbourhoods?