I've been thinking about this project for some time. Anyone know how the sales at this project have been doing? It strikes me as a very ambitious project (expensive/high end) getting built during a precarious economy for condo housing. I know Slate had issues with their commercial business coming under pressure, but this project has to be their signature residential property. The timing has to be a challenge.
 
Toronto Model 04-03-25 1 Delisle.png


Link to full-size render
 
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Midtown Hank said:
I've been thinking about this project for some time. Anyone know how the sales at this project have been doing? It strikes me as a very ambitious project (expensive/high end) getting built during a precarious economy for condo housing. I know Slate had issues with their commercial business coming under pressure, but this project has to be their signature residential property. The timing has to be a challenge.
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I think most of the high end buildings in the Yonge and St. Clair neighbourhood tend to be more owner occupied than downtown or at Yonge and Eglinton, at least among my circle of friends. While I don't know about occupancy numbers in this particular building, these types of owners tend to be more well heeled seniors with the means to weather the economic ups and downs. From afar I would be surprised if there was any hiccups with construction, however once built agree unsold units may linger...
 
Midtown Hank said:
I've been thinking about this project for some time. Anyone know how the sales at this project have been doing? It strikes me as a very ambitious project (expensive/high end) getting built during a precarious economy for condo housing. I know Slate had issues with their commercial business coming under pressure, but this project has to be their signature residential property. The timing has to be a challenge.
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Most of the units in this project have sold out, including many of the penthouse units (5 out of 8 sold), some of which were priced above $10 million. It was such a huge success, so the developer invited their marketing team and real estate agents on a trip to Paris/Amsterdam to celebrate...
 
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utw80 said:
Most of the units in this project have sold out, including many of the penthouse units (5 out of 8 sold), some of which were priced above $10 million. It was such a huge success, so the developer invited their marketing team and real estate agents on a trip to Paris/Amsterdam to celebrate...
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It goes to show you that design sells. You see it everyday in real estate. Well maintained homes with design character trigger emotional responses in buyers and sell faster and for higher prices.
 
utw80 said:
Most of the units in this project have sold out, including many of the penthouse units (5 out of 8 sold), some of which were priced above $10 million. It was such a huge success, so the developer invited their marketing team and real estate agents on a trip to Paris/Amsterdam to celebrate...
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Back when the market was great...now many of these pre-con agent are scrabbling for deals aka "commission breath"
 
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