Toronto 629 King Residences (was Thompson Residences) | 53.34m | 15s | Freed | Saucier + Perrotte

Yeah, lotsa good times happened in that joint
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Again with Vaughan's grand plan....

Is there actually any real demand for 3 bedroom condos? I have to assume that if you afford a 3 bedroom unit, especially downtown, then you could probably afford a house and go with that instead. I'm just not hearing anywhere about pent up demand from people wanting to raise kids in condos over houses.

Certainly not from people I work with and know.

I don't think developers should be forced to provide this kind of inventory and run the financial risk if it doesn't move on the market. If people wanted these types of units, I would have imagined that some developer would have caught on by now and realized that there was a larger market out there waiting.
 
We needed a 3bed/3bath situation, and the only way to do that at Success Tower was to purchase on the upper floors. It was very very expensive, so we bought a 1bed/1bath unit beside a 2bed/2bath unit and took a wall down in between the units. I don't know why builders don't provide this option for buyers, it would satisfy the city, provide possible 3 bed units and still allow the builder the advantage of selling all the units in his building whether they be 1 or 2 bed units or combination 3 bed unit
 
tkip said:
Is there actually any real demand for 3 bedroom condos? I have to assume that if you afford a 3 bedroom unit, especially downtown, then you could probably afford a house and go with that instead. I'm just not hearing anywhere about pent up demand from people wanting to raise kids in condos over houses.

Certainly not from people I work with and know.

I don't think developers should be forced to provide this kind of inventory and run the financial risk if it doesn't move on the market. If people wanted these types of units, I would have imagined that some developer would have caught on by now and realized that there was a larger market out there waiting.
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People may not need 3 bedroom units now, but why preclude the possibility of families ever living here in the future? This is prudent long-term planning. A neighbourhood full of bachelors and 1br apartments isn't sustainable over 20-30 years for obvious reasons. A required proportion of family-sized units clearly presents a risk for developers, because they're harder to sell in the short term, but developers don't care if the neighbourhood becomes a ghost town 20 years down the road.

It's hilarious that politicians are criticized for not looking at the bigger picture only to turn around and oppose good solutions to a problem that will occur beyond their term in office.
 
grey said:
Yeah, it's absurd to expect families to live downtown.
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Many new families prefer suburbs, but millions of families happily live in downtowns throughout the western world. I suppose you were being sarcastic.

:confused:
 
All of freeds buildings are boring from what I've seen so far. I even lived in one from 2001 to 2003. They all look and feel the same. Glass mid-rise boxes.
 
nevermind, it was built by urbancorp. 954 king west, although it looks like a freed development, similar to 66 portland
 
Nebakenezer said:
All of freeds buildings are boring from what I've seen so far. I even lived in one from 2001 to 2003. They all look and feel the same. Glass mid-rise boxes.
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Boring? No. Similar? Yes - particularly the ones done by Core. I'm glad that 550 Wellington and now 621 King show a move away from this one architectural firm.

As for the per square-foot cost, I'm guessing that Freed is aiming this building at a market a little higher than 550 Wellington, but it's probably not quite in the same market as the 500 Wellington buyers are.
 
SpadinaBus said:
621kingstw2.jpg
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I note in this massing diagram for the King St W area that neither "Lofts 399" by Cresford at 399 Adelaide St W (formerly the ill-fated Mode Lofts) nor the proposed rental "Adelaide Residences" by the ill-fated Boymelgreen at 525 Adelaide St W make an appearance. Should we read anything into this?
 
What's also a little odd about the diagram is the inclusion of 455 Adelaide. That building has been finished and occupied for well over a year - if not more.
 
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