News   Jul 10, 2024
U of T's Rotman Commerce Design by Danish Architects 3XN Unveiled
 1.9K     1 
News   Jul 10, 2024
News Roundup for July 10, 2024
 636     0 
News   Jul 10, 2024
Slice of Town
 962     0 

Bravo Condos (22 Norton in NYCC, Baywood/Pemberton, 19s, P+S/IBI)

Well it says:

"Approximately 165,000 S.F. Of Condominium Units To Be Built. Over 20 Storeys. Contact L.A. For Details. *Full Address 25 Mckee Avenue, (26 Norton Ave.,Commercial Property) Toronto, Ontario."

Does that imply they'll go ahead and build it then sell the building?
 
taal said:
Well it says:

"Approximately 165,000 S.F. Of Condominium Units To Be Built. Over 20 Storeys. Contact L.A. For Details. *Full Address 25 Mckee Avenue, (26 Norton Ave.,Commercial Property) Toronto, Ontario."

Does that imply they'll go ahead and build it then sell the building?
Click to expand...


I don't think so ... from what I gather, the listing is for the land only.
I think they are selling the 'value added' from the condo proposal (which may or may not be approved - I don't know), plans, etc.
 
Yea that's what I thought ... but if you notice the wording it clearly implies the units will be built ... as opposed to the other lot of land for sale which only indicates the potential for the residential development.

I think this is completely approved now.
 
cdr108 said:
I wonder how many purchasers and potential purchasers are aware of this ?!?
Click to expand...

of course I decided to play dumb and call Baywood, their sales people appear to either not know anything, or pretend to not know anything about the Bravo site being for sale ... she goes on to tell me that the sales office is closed only for renovation such that Baywood can launch 'new floorplans' in a couple of weeks, so I should register with them now ... LOL whatever :rolleyes:
 
BRAVO Condominium development

Site area: 3216 sm (34,616 sf)

Proposed Buidling Size: 15,237 sm
Proposed Commercial Component on Ground Floor: 155 SM.
Proposed Building Height: 65.5M, 20 Storeys

115 one bedroom apartments
72 two bedrrom apartments
209 Parking space over three underground levels + Bicycling parking
Zoning has been approved by OMB
Address: 25 McKee Avenue, 26 Norton Avenue, Toronto, ON

Approximately 165,000 sf buildable
60% of Condominium units sold at $411/sf net. $4MM held in deposit.

Price: $7,900,000.00

Philip Traikos
Associate Vice President
Cushman & Wakefield LePage Inc.


I heard the site has been sold but I don't know to whom. From the above info, it appears it will be the same type of deal as the The Modern on Richmond, the site will not be cancelled, the sales will be transferred to the new owner.
 
Scaled Model

thanks to ProjectEnd's leads to MBA Models

The future of Bravo Condominiums is still unclear ... but perhaps these are the clearest images of the proposal we have ~ :)

1.jpg


3.jpg


5.jpg


6.jpg


7.jpg


9.jpg


I got a good laugh out of the this one though, you don't typically see these in scale models that's for sure ~ :p

8.jpg
 
I can't seem to be able to view any of the photos for any of the models (the posts are simply blank). Is it just me? Are the photos being hotlinked (because the site does not work either).
 
alklay said:
I can't seem to be able to view any of the photos for any of the models (the posts are simply blank). Is it just me? Are the photos being hotlinked (because the site does not work either).
Click to expand...

Do any of these links work for you??

http://www.mbamodels.ca/Bravo/gallery.html
http://www.mbamodels.ca/Emerald%20City/gallery.html
http://www.mbamodels.ca/Nuvo/gallery.html
http://www.mbamodels.ca/work.htm
http://www.mbamodels.ca/

The image links posted 'should have' worked ~
 
None of the links work (I have tried them on Firefox and Chrome).
 
Last edited:
I think it might be your brower then ... at minimum typing in http://www.mbamodels.ca/
into your brower should have worked .... maybe try using Internet Explorer or something ~
 
The BRAVO Condo Site was sold condtitionally at one point but the deeal fell through. It is still available for sale. $7.9 MIL

Property is about 60% Sold out and over $4 Mil in deposits (i guess a lot of people putting 5% down)


Word has got around and a lot of investors/developpers have looked at this property but because of the current condo sales are slowing down--nobody is willing to purchase the land at that price.

Baywood paid approxamitely 2 Mil for the 2 properties where this is going up (good price at the time) after getting OMB approval, holding costs, marketing costs etc they want to still make a couple million on top but I don't see that happening. They might have to wait to let the market strengthen to find a buyer or develop it, themselves.

They also put up for sale a 21 townhouse development site on Old Kennedy Rd/Steeles but after 2 months after they put it up for sale they decided to develop the properties themselves, they might of got more townhomes sold. I beleive at the time they had 8 or 9 sold out of the 21, when the development was for sale.
 
Carter said:
Looks like the Pemberton group has bought the site. Bravo condos is posted on their website.

http://www.pembertongroup.com/
Click to expand...

thanks for investigating Carter ... wow Pemberton has been on a shopping spree lately haven't they ? first Bohemian Embassy and now Bravo ... hopefully they built a good product as their buildings normally turn out pretty crappy finishing wise (ie: Princess Place, Premiere, Parklane)
 
You must log in or register to post here.

Back
Top