Toronto Smart House | 82.6m | 25s | Urban Capital | a—A

…and we have quite a beautiful set of renderings in the new dataBase page now, linked above!
 
Would it be way too cheesy to have the red balconies frit in a brick pattern rather than solid colour?

I would think so. A little red goes a long way, plus that sounds really busy.

The building is not elegant, but it's fun and eye-catching and fits in well with Queen West. Nice job all around. Should also complement Picasso on Richmond!
 
Based on the photos from the Front Page story today, I find that I like the model better than the renderings. The red seems to works better in the model. The building may even turn out to be sexy upon completion.

As a side note: I'm wondering if two, taller versions of Smart House would have worked better at the Distillery than Clear Spirit and Gooderham (although I really like them as-is...). Just something to ponder as I head to bed lol :)
 
http://www.bnn.ca/News/2013/10/10/Micro-condo-trend-growing-in-Toronto.aspx

Micro condos? Another word for dorm rooms but not for $700 psf!

I suppose with the new condo sales market imploding, especially in the over saturated downtown core, this is a valiant attempt by the developer to recover huge land costs. How many wealthy, foreign, U of T or Ryerson students are there that want to plunk down this much cash for a dorm room though?

There are much better deals out there in newly constructed but unregistered buildings. Look around!

As an aside, watch til the end and listen to the very cute host's comments about it. She is adorable.
 
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Investors and end-users will be looking at the bottom-line price point rather than price-per-square-foot. This project will likely be 80% sold in a few weeks. With tiny units, one thinks twice about trips to Costco. I mean where do you put those bulk packs of toilet paper? :p
 
I suppose with the new condo sales market imploding, especially in the over saturated downtown core...

Huh? The core is where projects are still selling well, especially near the subway. This thing is literally a stone's throw from Osgoode Station. I don't think they're going to have any trouble moving units.
 
Huh? The core is where projects are still selling well, especially near the subway. This thing is literally a stone's throw from Osgoode Station. I don't think they're going to have any trouble moving units.

Not to hijack the thread, but I'd be remiss to let a misinformed comment like the above slide:

Maybe you missed this article?

http://www.thestar.com/business/per..._condo_buyers_scrambling_to_close_deals.html#

“This is the hardest environment I’ve seen for borrowing money in the last 10 years,” says Toronto realtor and condo developer Brad Lamb."

And this:

http://www.cbc.ca/video/news/audioplayer.html?clipid=2408420530

1900 new condo sales in Q3 2011
693 new condo sales in Q3 2013
 
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Huh? The core is where projects are still selling well, especially near the subway. This thing is literally a stone's throw from Osgoode Station. I don't think they're going to have any trouble moving units.

Agreed! The media often takes macro numbers for the GTA and CMA rather than site specific. This one will do well for sure. As for the big lenders, yes they are more conservative now. But interest rates are awesome and Credit Unions still have up to 30 year amortizations...
 
Not to hijack the thread, but I'd be remiss to let a misinformed comment like the above slide:

Maybe you missed this article?

http://www.thestar.com/business/per..._condo_buyers_scrambling_to_close_deals.html#

“This is the hardest environment I’ve seen for borrowing money in the last 10 years,” says Toronto realtor and condo developer Brad Lamb."

And this:

http://www.cbc.ca/video/news/audioplayer.html?clipid=2408420530

1900 new condo sales in Q3 2011
693 new condo sales in Q3 2013

Perhaps I missed it, but where does it say that sales in the downtown core are being hit especially harder than in the rest of the city, as you claimed? From what I've heard sales are indeed down across the board, but are relatively healthier downtown, particularly near subway stations.
 
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Downtown is the most saturated part of the market. Even Lamb, the biggest condo booster in the country, is telling you people can't close. Extrapolate a bit. The only projects selling are end user driven.

Again, I apologize for hijacking this thread. Enjoy your dorm room if you buy here.
 
0.375% of buyers couldn't close on Lamb's properties in the past year...and this is scary news for some reason?
 

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