David Mirvish has enlisted Frank Gehry to design a three-tower condominium and cultural complex on King Street West in Toronto. The project will run between the Royal Alexandra Theatre and the TIFF Bell Lightbox.
Forma (Great Gulf/DREAM/Westdale) - Real Estate -
- Thread starter Edward Skira
- Start date
Momin
Senior Member
riley
Active Member
Wow this forum started this topic in 2013 and it’s only now moving ahead. I wonder if it’s going to be tons of tiny units again or if they will try for some larger units now.
Alessothegreat
New Member
The developers should be ashamed of themselves, why on earth is the starting price $800k.
RZ12
Active Member
Who cares this thing won't be built till the next decade
TheSix
Active Member
This is a stretch. This pricing isn't that bad considering the luxury and architectural marvel they are marketing. Excited to see floor plans and finishes.
matthew921
New Member
My partner and I just made a purchase on one of the east facing units last week.
Originally, we were looking to get one on a higher floor south facing (with a lake view), but through our agent, they made it sound like, there is so much exclusivity and high demand in this, that nothing was available. It almost made me feel that you'd have to fight for it for any unit, even with connections. Something as big of a price tag as this, in a facetious way, for every buyer, as if they were spending 10 dollars on a t-shirt.
My agent just informed us, b/c how well received the 1st launch went, that everything was all sold out - developer decided to postpone the 2nd launch in about three months, and by then there will be another price jump.
Price wise, there's definitely a premium that's attached to the name of this project. For junior 1 bedroom, it's north of a 1 million.
Originally, we were looking to get one on a higher floor south facing (with a lake view), but through our agent, they made it sound like, there is so much exclusivity and high demand in this, that nothing was available. It almost made me feel that you'd have to fight for it for any unit, even with connections. Something as big of a price tag as this, in a facetious way, for every buyer, as if they were spending 10 dollars on a t-shirt.
My agent just informed us, b/c how well received the 1st launch went, that everything was all sold out - developer decided to postpone the 2nd launch in about three months, and by then there will be another price jump.
Price wise, there's definitely a premium that's attached to the name of this project. For junior 1 bedroom, it's north of a 1 million.
differential
Active Member
What's the square footage on that 1br? Care to share some details on the plans and pricing out of curiosity?
matthew921
New Member
Sure. The first launch is called “friends + family”, directing predominantly to agents. Roughly 20 agents were invited to the launch and a dozen units were given to each realtor to sell.
According to the developer, it’s not financially feasible to build this project for anything less than 2,300/sqf. Hence, everything was all sold out during this soft launch bc only a limited units were released, and they made the buyer feel that developer is losing money, if you can get it <$2,300/sqf.
1br is ~450sqf.
Bayer
Senior Member
WeirdFishes
Active Member
I sure don't, those things are ugly and take up way too much space for what they're useful for.
Bayer
Senior Member
That's fine if you don't cook, but if you do, functionality trumps appearance. The kitchens in most of those apartments are minuscule and cannot be expanded considering the layouts. You don't even have the space to store your ugly appliances, let alone use them.
WeirdFishes
Active Member
I do cook and have a small kitchen. It's all about being more minimal vs cooking like you live in a house in Markham. You'd be surprised what I can cook up
You don't need a KitchenAid to make a cake.