hatfield
New Member
I bought one of the 844sq units. He said they were about 20% sold at that point. Anyone else here buy ?
But isn't building new buildings and having new residents move in the way of turning an area around?
^Yikes. I suppose you write infomercials for a living?
At one time there was a proposal for a complete redevelopment of the Galleria property. It would have included many new condos, and I think a significant reduction in the commercial space. I haven't heard anything about it for a long time. Can anyone shed any light on the proposal's current status?
Bermybob, I'll add my best wishes to you in your new abode. I have visited the sales office for this project and got the floor plans, and I think the development itself is shaping up to be good. It has an attractive "price point" and represents good value for the money.
As for the neighbourhood, it's pretty gritty, IMO, but that's not necessarily bad. There have been a few signs of improvement (a couple of small redevelopments along Dupont, the Mercer Union arriving on Bloor Street, the redo of Lansdowne Avenue south of Bloor, etc). It's a few minutes walk to the really good ice cream at St. Clair and Lansdowne. I would remain concerned about the building at 1011 Lansdowne, which as I said earlier is one of the worst in the city, but agree that this could change, and hopefully will.
The Galleria has multiple owners. One wants to redevelop the site, the other does not. (I think its the teachers pension fund against the redevelpment IIRC) That is why nothing has come out of that plan.
I'm just surprised how many are shelling out their dollars to live there. It's beside a rail corridor in, as you say, an area in transition to be built over a cap of some of the most polluted soil imaginable.
Building a bunch of cheap, high density apartments could have the reverse effect over the long run. Just look across the street. Okay, not quite the same but ,hey, you ultimately get what you pay for. I mean they are practically giving away re-sale condos built in similar transitional areas 20 years ago. (and this was before the sub-prime scandel went bust)
^Yikes. I suppose you write infomercials for a living?
What kind of a brainless response is that to a someone's very well-thought out post. He elaborated on his thought process and his analysis about buying places in areas that are redeveloping makes a lot of sense. I think a reasoned post like this deserves a better response than your lame retort which has nothing substantive to add to the discussion at all. Just because you hate the area and are not supportive of its development (which baffles me), you certainly don't have to just hate on people who think differently.
he might be vying for Billy Mays job.