ushahid
Senior Member
do u guys think that the units in the 95 storey tower will be as expensive as The One?
- Thread starter androiduk
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Torontovibe
Senior Member
"Prestige at One Yonge" lol That sounds like such a pretentious, douchey name!
Lenser
Senior Member
Them that can afford will snap it up all the same.
enrigue8
Active Member
This view will be different in just 3 years and in 6 years.
Another google street view i edited many times.
This view in 3 years .
81 Bay and prestige condos will change this view.
This view in 6 years when the 2 remaining towers at 1 Yonge and 141 bay will be finished.
Another google street view i edited many times.
This view in 3 years .
81 Bay and prestige condos will change this view.
This view in 6 years when the 2 remaining towers at 1 Yonge and 141 bay will be finished.
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Automation Gallery
Superstar
Haha, remember in six years that view will most likely be blocked by a couple towers that eventually will be built on the LCBO lands...Menkes is moving fast on that one
innsertnamehere
Superstar
Construction is underway on their office tower...
DonValleyRainbow
Senior Member
I'd bet on it being more, merely due to its proximity to Union (aka walking distance to GO/VIA/UP; selling point for people working on regional commuter and international circuits). The value of the view is perhaps more subjective and varied depending on what floor and direction you're looking.
I'd bet on it being one notch lower. I'm expecting Mirvish+Gehry prices to be similar to The One prices, and I doubt that this city will sustain three developments of this size at that price point around the same time.
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Jasonzed
Senior Member
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maestro
Senior Member
The One is priced at the highest end of the market. There's no way towers beside the Gardiner can compete with Bloor Yorkville. Mirvish Gehry will test at a premium but, I don't think they will be able to command The One's pricing in the Entertainment District either. Even The One won't sell quickly . It's a niche market in Toronto. 400 units is a lot.
innsertnamehere
Superstar
psf will likely be similar.. The One starts around $1,500 psf, while this is apparently around $1,200.. The big difference is unit size. The One has on average much larger units, which means it's per unit sale price is much higher.
Stefan
Active Member
The cheapest unit at The One (back when I received the info from my realtor) was $779,900 for 591 sf on the 19th floor, that's just over $1,300 / sf.
amnesiajune
Senior Member
Public transit and railway access isn't much of a consideration when you're spending seven figures on an apartment. Compared to 1 Bloor West, the project does have the same prestige but doesn't have the fancy shopping and restaurant scene nearby.
ADRM
Senior Member
That's a terribly outdated and ignorant trope. Rich people take the subway and ride the UPX.
Also, I don't think the prestige is anywhere near comparable -- both the architect and location of 1BW hold value that this development cannot match.
amnesiajune
Senior Member
Not when they're that rich. Why do you think the Yorkville Mall doesn't want bike lanes in front of their businesses? It's certainly not for street parking or deliveries - the whole area is a no-stopping zone.
That's true, but rich people still love having an address and a spot in a skyline that they can brag about. There's a reason why people rent mailboxes with Queen Street, King Street and Yonge Street addresses on them (and for the same reason, you can sell phone numbers with certain area codes, especially if the next three numbers are also prestigious).