I find it fascinating that they would propose a rental building with all the condos that are on the market and/or under construction. A very large percentage of those condos will be available for rent on completion - so instead of spreading the risk to unit purchasers, CF will take all the risk on themselves.
Either they see the rental market stronger than most others do or they know something others don't.
I guess, unlike New York, there is no cap on rents so potentially the returns could be high but it would likely have to be a high rent building or the riff raff will destroy it in short order. It's clearly not aimed at UT or Ryerson students given its location - so I'm guessing it will be a pretty high end building.