Automation Gallery
Superstar
Entertainment District redux
That particular neighbourhood is undergoing a bit of a shift,” says Niall Haggart, executive vice-president of The Daniels Corp., which is behind Festival Tower and the new Cinema Tower under construction next door. “When we first started in that neighbourhood, it might have been a target audience that was a little more youthful and hip. We sold to an audience that had a connection to the film festival and we tapped into that. Now we’re finding there’s a whole host of people in the buy-down market. Their kids are gone, they want to get rid of their larger home, they really love the condominium lifestyle and they want to be in this area because of what it has to offer, the hustle and bustle of the city. It’s a very different vibe than, say, Yorkville, which still has a certain characteristic to it.”
According to Urbanation, the fourth quarter of 2011 saw 13 projects with 5,377 units under construction in the Entertainment District, 10 projects (3,529 units) under construction and marketing, and another 18 applications (7,011 units) proposed. The numbers of projects is slightly up compared to the end of 2010 though the 2011 projects boast substantially more units. Under-construction projects grew by 34% (1,350 units) annually while applications grew by 21% and 1,209 units year-over-year.
More, and a small list of buildings breaking ground and under construction.....http://life.nationalpost.com/2012/02/14/gta-neighbourhoods-t-o-entertainment-district-redux/