Karma Condominium by Lifetime Developments along with CentreCourt Developmetns and designed by architectsAlliance will now be coming in at 50 storeys; the zoning amendment (which we briefly discussed when Karma was under our spotlight here) was approved, allowing the tower to reach a final height similar to the Burano tower due west on Bay Street.
While the increased height allowance won't make that much of a difference in terms of appearance, it will add greater density to an increasingly packed district of the city – Murano is at 35 and 45 storeys, Burano will be 50 storeys and Aura will come in at a whopping 75 storeys. Add this to the existing condominiums at College Park, as well as those going in north of College along Yonge and you get an idea of just how many people will be moving into the adjacent blocks over the next 5-10 years. Not only will we see a change in the local skyline, we can expect the streetscape to alter dramatically in order to provide new retail, entertainment, and dining establishments for the new residents.
For those wanting to get in on this booming area, these new floors at Karma mean that the last 5 are being made available for sale shortly, and Lifetime Developments and CentreCourt Developments are offering a special 5% commission to celebrate. This rate is available for one day only, on January 21st. For brokers and agents to take advantage, they must visit http://karmacondos.com/promo and enter LASTCHANCE.
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