Discussion in 'Buildings' started by buildup, Jul 7, 2011.
Starting to get up there, to become the dominant feature on the Yonge and Eg skyline.
RioCan REIT Provides Update on ePlace, Its Landmark Mixed-Use Transit Oriented Development in Midtown Toronto
Not sure how much of this is already known, but some interesting updates in the article...
"RioCan has entered into the following agreements with its partners with respect to the residential and retail components of the development:
1) On completion, RioCan, which currently owns a 50% interest in the rental residential tower, will purchase the remaining 50% interest in the rental residential tower; and
2) RioCan will acquire the remaining 50% interest in the retail component based on a 7% capitalization rate on the stabilized NOI on completion."
so this is remaining a rental then I guess.
Is that the extent of the extended portion of the building? Seems quite short. Hopefully they stick to the bright red glass. I could see this looking a lot more maroon in typical light and really killing the intension.
Love how the balcony glass is framed on the top. Nice touch.
E2 is not a rental. Popped up in my facebook feed. Sales are underway for 400+ units. The rental component is replacement only. Have been looking to clarify this for a while.
This is really starting to fill out the area. I'm sure folks at Y/E will be happy when at least this projection dies down. It's been non-stop work there for ages now.
If that's the case, that's new. I don't see any corroboration on the web for that.
Yup was told by one of my platinum agent that E2 is releasing for sale in two weeks with price starting at $900/sqft. 450 units . Occupancy will probably be later than E1 so maybe 2020/2021.
$900 a foot? Jesus.
I think you can place more construction pains on the Crosstown. E Condos' disruption is tiny in comparison.