The building is a HUGE improvement since the first rendering back in early 2012- an outdated box with no character.
I don't think that it would be fair to compare this building to something that it is not- a downtown condo.
The majority of the units in this building sold for under $300,000 (for full one and two bedroom units)- something you will never find in *any* new building in *all* of Toronto.
The builder has also changed interior features, adding: a billiards room, full gym (as opposed to small gym before), a movie theatre, as well as a two storey lobby/concierge. If the building keeps progressing the way the renderings show- I am sure that purchasers will have made tremendous upside on their buys.
The only concerning thing is the lack of feedback on approvals and construction. The building was supposed to start construction Spring 2015, but I am not sure if this will be the case. Colour selections were to be taking place in January, and this has not yet happened two months later.
For the retail- it would be ideal to have a bank take up most of the units. The building needs AAA tenants and not 'small' shops.
A Starbucks and a major bank would be amazing. There is only a CIBC on that stretch of Cliffside, so hopefully competition will move in!
I'm hopeful the top will be with quality materials. The base appears to be real brick which makes me hopeful they continue the better materials up top.
My big worry is the retail. This building is the first to try and break the suburban strip mall model on this stretch. And with no parking for retail (and being in Scarborough) the retailers may be in for a tough slog until more of the strip malls and motels die off. Hopefully they can get a bank as one of the quality tenants to help out and drive some foot traffic. There's already a Rexall and SDM roughly a block east, so they're probably off the table.