As someone who actually lives in this building, it's really not that bad. The build quality in the units isn't flawless but it's a lot better than any other condo rentals I saw for a similar price - and by that I mean that the ceiling isn't bare concrete, no paper-thin sliding doors, the floors aren't as cheap as possible, the kitchen includes a microwave (which, surprisingly, some places didn't). If you wanna see "pretty bleak", go check out a few units in the Minto buildings at 23 Sheppard and 88 Sheppard. They have actual flaws that make the units harder to live in, not just a delayed subway tunnel and struggling shopping mall.
Hmmm,.... now, you do realize that comparing EmeraldPark residential-condo units to 5-10 year old Minto Spring & Radiance and 88 Sheppard East really doesn't prove your point. Why? Because you're comparing Apples to Oranges. They don't have direct subway connections, they have limited retail if any at all,... but most of all,... they're in a totally different classification!
Bazis' EmeraldPark residential-condo units and Tridel's HullmarkCentre residential-condo units were both the first North York Centre condos to market themselve as
luxury condo units. And when they both went to market in summer 2008, on a per square foot basis - they were both charging downtown condo prices for condos in North York Centre.
So if you want to compare Bazis' EmeraldPark residential-condo units,... you should compare it against Tridel's HullmarkCentre residential-condo units which are right across Yonge Street. They both went to market in Summer 2008, both got CityPlanning approval in early 2010, both started construction about the same time late 2010 to early 2011,..... Tridel HullmarkCentre finished their SouthTower & podium in late 2013 and its subway connection opening a few months later,... and NorthTower in late 2014 and its subway connections opening in early 2015. Early 2015 was when EmeraldPark subway connection was supposed to open,.... hmmm, how's that working out so far! March 2015 was when EmeraldPark West Tower completed, East Tower was Fall 2015, retail late 2015 with construction fixes still going into early 2016, and office early 2016. Keep in mind, Tridel HullmarkCentre is a larger project in terms of height, storey, scope, land, etc,... and Tridel still managed to build a much higher quality product in a shorter amount of time!
Aside from all that, take a look at the Tridel HullmarkCentre thread,..... it's quiet! Here on Bazis' EmeraldPark thread, countless complaints about a variety of issues from retail-unit owners, store owner, residential-condo owner and tenants, local residents, etc,....
Is Tridel HullmarkCentre perfect? Of course not! Too much Section 37 Community Benefit was spent on their under-utilized bike station with 130 bike parking spaces (rarely see 10 used) and bike change-room, shower, washroom facilities in P1 level are now permanently locked since it's a liability issue. 70-80% of their office-condo units remain empty and thus does not generate the local jobs that the City was expecting. The WholeFoodsMarket supermarket component is being out-performed by the local Korean H-mart mini mart that's 1/10 the size!,.... but at least they have a supermarket!
Now going through your statement again,....
As someone who actually lives in this building, it's really not that bad. The build quality in the units isn't flawless but it's a lot better than any other condo rentals I saw for a similar price - and by that I mean that the ceiling isn't bare concrete, no paper-thin sliding doors, the floors aren't as cheap as possible, the kitchen includes a microwave (which, surprisingly, some places didn't). If you wanna see "pretty bleak", go check out a few units in the Minto buildings at 23 Sheppard and 88 Sheppard. They have actual flaws that make the units harder to live in, not just a delayed subway tunnel and struggling shopping mall.
Thus, your statement is really a reflection of how the free market rates the newer
Bazis' EmeraldPark "luxury" residential-condo units,.... as being being similarly priced to non-luxury older condo-units with bare concrete ceiling, paper-thin sliding doors and cheapest floors possible,.... hmmm,... that should really tell you something!
As you must of noticed, both the sale and rental-lease market currently places a nice premium price on same category and similar sized Tridel HullmarkCentre luxury residential-condo units VS the Bazis EmeraldPark "luxury" residential-condo units,.... interesting since both of these units would have been sold at similar per square footage prices back in 2008-2009 when Bazis EmeraldPark and Tridel HullmarkCentre residential-condo units were being sold pre-construction by the developers.