The towers being built by
Concord Adex at
CityPlace have a few things in common, including low starting prices, a range of smaller units, and a lot of investors buying them either to rent or to flip. It's created a lively marketplace down there, by several definitions of the term.
Plazacorp's new
West Harbour City development at Fleet and Bathurst is a different animal. The average unit size for Phase I is 900 square feet, and though there are units that sell in the mid-$200s, the standard is larger and less aimed at the investor/renter market.
"It's really an end-user market we went after," says Plazacorp VP Scott McLellan, "because of the sheer size of the units."
Built on the
site of the old Molson Brewery, this 36-storey tower has just opened its doors to residents, adding 469,000 square feet of residential space to the city's booming southern end.
The building, which will consist of two towers sharing a single podium, was designed by Les Klein, the
Quadrangle architect known for his plan to turn the Gardiner Expressway into a
green-ribbon park. It's distinguished from its CityPlace neighbours through an extensive use of pre-cast concrete, giving the project a much different look from the standard glass fa�ades that characterize the area.
There will be a small amount of retail on the ground floor, though no clients have been signed yet. The space is currently being used as a sales office for Phase II.
Writer: Bert Archer
Source: Scott McLellan
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