The Daniels Corporation has begun construction of The Cinema Tower Condos. Located at 21-31 Widmer Street in the Entertainment District, this Kirkor Architects designed condo is set to rise 43 storeys. What's interesting here is sales have not started, yet construction has already begun. The usual rule when it comes to condos is 70% of sales need to be completed before construction financing is approved. Obviously Daniels has deep pockets or lenders that have confidence that selling here will not be an issue. Starting now is a positive for future buyers. They know they won't have to wait three years to move in from the time of purchase. The site right now. If you look to the far left you'll notice the Corned Beef House is now history 

Cinema Tower Site, Photo By current

What Cinema Tower should look like upon completion.

Cinema Tower, Rendering by Kirkor Architects

Additional photos and discussion can be found here.

2010-08-22 22:12:43

Related Companies:  City Life Realty Ltd., HOK, Jablonsky, Ast and Partners, Kirkor Architects Planners, Montana Steele, NAK Design Strategies, Page + Steele / IBI Group Architects, tcgpr (The Communications Group), The Daniels Corporation