is CityPlace really that bad?

[Tuscani01]

CityPlace will never turn out to be something desirable in Toronto. It will never even be up-and-coming either. It will remain a cheap renting condo blocks. There is little opportunity of price increase either judged by the quality and the scale of the entire project. In 10 0r 20 years, I would not be surprised if it turns to be another St Jamestown or Regent Park. Be somewhat close to King West adds little value to it, just like St Jamestown's proximity to Yorkville never makes the former upscale.

How on earth is a private development going to turn into a Regent Park of St. Jamestown? Units in Cityplace *can* be cheap, but most are priced average/quite high. There are many units going for more than $450,000 and even some pushing closer to $1 million. Even preconstruction prices are quite high. Each building has plenty of amenities, unlike those found at Regent Park or St. Jamestown (which was the reason why St. Jamestown never attracted the type of people it was planned to attract). These areas also had NO retail and no mixed uses, whereas Cityplace does... its just still under construction so many of the units have not yet been leased.

The only comparison that can be made to St. Jamestown/Regent Park is the density, but so what. Vancouver's downtown is high density and similar to Cityplace, but its not a St. Jamestown. Mississauga City Centre is going to be approaching the same density as Cityplace, and its not a St. Jamestown or Regent Park.

How about backing up the statement with evidence that it will become one of those two neighbourhoods?

 

[KA1]

Each building has plenty of amenities, unlike those found at Regent Park or St. Jamestown (which was the reason why St. Jamestown never attracted the type of people it was planned to attract). These areas also had NO retail and no mixed uses, whereas Cityplace does... its just still under construction so many of the units have not yet been leased.

The only comparison that can be made to St. Jamestown/Regent Park is the density, but so what. Vancouver's downtown is high density and similar to Cityplace, but its not a St. Jamestown. Mississauga City Centre is going to be approaching the same density as Cityplace, and its not a St. Jamestown or Regent Park.

How about backing up the statement with evidence that it will become one of those two neighbourhoods?

With all due respect, I can give some evidence. I used to live in one of the buildings when it was being built.

In its heydays, it was 'THE' place for the upscale youngsters to live -- chicks and the chick hunters. At social get togethers, they will meet each other and move together. Eventually, they bought their places and left to be replaced with other tennants. Over a period of time, quality of tennants deteriorated. That turned the place to what it is now.

There was a 'Dominion' store in the middle of the complex, beer, liquor and Pizza Pizza nearby -- all the stores that youngsters needed.

What killed the place was the density and the quality of tennants. I can see the same happening at City Place. I will not touch any unit with a 'ten foot' pole. You seems to be an R/E agent. You need to protect your own investment and livelihood. Your reaction is expected and anticipated in the future as well.

 

[KA1]

After I had made my earlier post, I noticed that you have started a new thread "Biggest
City Place Tour Ever" and have posted nice summer pictures of City Place. It would have been nice if you had also posted Winter and Spring pictures -- showing dog phoo all over the side walks.

You seem to be connected with the Developer.

It is about the time for you to come clean, be honest and disclose your connections -- with the Developer or R/E Industry.



http://www.youtube.com/watch?v=iqdA4knRkQw


http://www.youtube.com/watch?v=Era87q3nwto

http://www.youtube.com/watch?v=Pxwx7-kmFuw

 

[Tuscani01]

After I had made my earlier post, I noticed that you have started a new thread "Biggest
City Place Tour Ever" and have posted nice summer pictures of City Place. It would have been nice if you had also posted Winter and Spring pictures -- showing dog phoo all over the side walks.

You seem to be connected with the Developer.

It is about the time for you to come clean, be honest and disclose your connections -- with the Developer or R/E Industry.



http://www.youtube.com/watch?v=iqdA4knRkQw


http://www.youtube.com/watch?v=Era87q3nwto

http://www.youtube.com/watch?v=Pxwx7-kmFuw

lmao... Right, because I see reality, Im automatically associated with the developer. I don't work in the Real Estate industry, nor do I work in the development industry. I work at the home office of a National retailer. I did see the dog poo all over the place after the winter thaw, and I was one of the people who notified the City of the issue. It was cleaned up and new garbage bins were installed to help prevent it from happening again. What did you do about it?

The problem is always worse in the winter, as the path is not cleared of snow and the poo sinks into the snow making it hard to pick up at times. When the snow melts, all of the crap is revealed.

As for Cityplace turning into St. Jamestown, and your 'evidence', it does not apply to Cityplace. The stats show that over time, Cityplace buildings are becoming more lived in by owners than renters. The older buildings have higher ownership rates than renters, and the same trend is being seen in the newer buildings, as investors unload their investments. You can get the information from any of the condo boards, though its easier to get if you are represented by a real estate agent. Just check out MLS to see how many units are available in the newer buildings after 1 year of construction. It shows how many investors are now offloading.