Toronto Velocity at the Square | 122.52m | 40s | HNR | P + S / IBI

[G.L.17]

From Friday:

And on the far right:

 

[G.L.17]

Yesterday afternoon:

 

[G.L.17]

Thursday afternoon:

 

[PMT]

Yesterday:

 

[Avenue]

A really beginner question, I'm not asking from an I-know-this-stuff point:

Why build (cheap) rental instead of condo? In general and especially at this location? Doesn't building a condo have higher ROI? I would think condos at a location so central would have no trouble selling...

 

[Miscreant]

Is it just me or are those new Lexus hatchbacks real handsome?

 

[maestro]

This is a bad place for residential and condo ownership would be even worse. Some buyers will overestimate how bright Dundas Square is at night and some from that group will become focused in getting them turned down.

There's a high demand for rental buildings from large investors and, in a market like that, it's easier to find one buyer than 300.

 

[Edward Skira]

Didn't look so bad today in person.

 

[Edward Skira]

People moving in?

 

[G.L.17]

People moving in?

Yup, and here is there marketing website. I suspect Phase 2 just means the upper half of the tower.

 

[interchange42]

Height inputted into the dataBase file, thread title automagically updated.

Exact measurements: 122.5 m, or 401.8 ft.

42

 

[111]

Despite the render, I wanted to like this building. It is a big failure though, especially considering the prominent location.

 

[DonValleyRainbow]

Almost looks like a modern take on a post-war apartment building.

 

[Transportfan]

This is a bad place for residential and condo ownership would be even worse. Some buyers will overestimate how bright Dundas Square is at night and some from that group will become focused in getting them turned down.

I guess you meant underestimate.

 

[Marcanadian]

Friday:

Velocity by Marcus Mitanis, on Flickr

Velocity by Marcus Mitanis, on Flickr