Roy G Biv
Senior Member
True.
Regent Park's success is doubted by many, but I think a lot of it has to do with its history and connotations. I believe they'll have trouble selling units.
True.
Regent Park's success is doubted by many, but I think a lot of it has to do with its history and connotations. I believe they'll have trouble selling units.
urbandreamer
recession proof
As per CG ad, I think 1 Cole is overpriced. I think Daniels will regret charging so much.... Perhaps "from $139,000" would make more sense for this bleak (albeit changing) 'hood?
OldManKensey
Active Member
I found a flyer for this project in my mailbox last night...they describe the loaction as being between Cabbagetown and the Distillery Disctrict...no mention of Regent Park. While I'm sure this is just short-term marketing to make the units more attractive to young buyers, I do wonder if the Regent Park name will eventually fade as the original buildings disappear? Did the Regent Park name exist in Toronto before the 1950s development? If not -- maybe it is the case that it is more attached to the buildings than the area.
On the whole, this project is looking fantastic.
On the whole, this project is looking fantastic.
Edward
Senior Member
It would be smart of them and the city to not use the Regent Park name until the entire area is redone.
CityPlaceN1
Senior Member
As a long term investor I would buy here. As the area develops the old stigma of Regent Park will disappear and prices will rise.
cdr108
Senior Member
I would agree in 25 years ... as such, I believe the developers should be giving discounts for this.
UD is right ... $179K is market value and over-priced at that, $139K would be okay.
Mike in TO
Senior Member
It would be pretty difficult to get construction costs down low enough to support prices like that. Yes this is a 'B' or even a 'C' site, but some costs are fairly difficult to move whether building at a 'A' or 'C' site.
Currently developer cost control on the highrise trades is challenging, particularly in forming and concrete as well as heat/mechanical and electrical. Costs are starting to come down on some materials - concrete and steel in particular - but one key fixed price for this and many other projects is the land component - the market may have taken a turn south, but the developers are stuck with a fixed land cost for whatever time they bought the land... if it was during the peak 2005-07 there's a problem, if the land was purchased much earlier, there may be some flexibility.
ProjectEnd
Superstar
I just found this fantastic Powerpoint presentation with renders of each building as well as a projected time line. It's a bit old and may have been posted in the past but oh well. Could someone extract the site plan axiometric? Thanks.
http://www.torontohousing.ca/webfm_send/5331/1
http://www.torontohousing.ca/webfm_send/5331/1
AlvinofDiaspar
Moderator
ProjectEnd:
Oh wow. Thanks a zillion for posting this presentation - haven't seen any of the Phase 2 stuff in this much detail!
AoD
Oh wow. Thanks a zillion for posting this presentation - haven't seen any of the Phase 2 stuff in this much detail!
AoD
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ProjectEnd
Superstar
That's the one. Thanks AOD.
AlvinofDiaspar
Moderator
Gotta love how those Phase 1 townhomes are unapologetically modern.
AoD
AoD
current
Active Member
April 1
The One Cole development at the northeast corner of Dundas and Parliament.
From Parliament north of Dundas looking southeast
The One Cole development at the northeast corner of Dundas and Parliament.
From Parliament north of Dundas looking southeast
ProjectEnd
Superstar
That picture indicates that the taller tower is on floor 17 or 18 depending on how many floors of the townhomes you count. The total floor count will be 19 so we're almost there.
Automation Gallery
Superstar
This development is actually turning out better than i had predicted. You never know, this area one day when all is said and done just might be a great area to live in.
khris
Senior Member
Wow after looking at that plan, I am very impressed. I didn't realize the details of it. I can't wait until all is said and done. I hope the people who move back into their units, take pride in their new buildings, and don't treat them badly.