Wednesday 10 October 2012

Topping Off Ceremony Tonight for L Tower

News Release from Daniel Libeskind Studio


Newslink to Sight Here : Studio Daniel Libeskind


Toronto, Canada: October 9, 2012 – On Wednesday, October 10, Daniel Libeskind’s L Tower will become an aerial playground as five members of the Vancouver-based Aeriosa Dance Society whirl and twirl down its north façade to the sounds of J.S. Bach’s ethereal "Six Suites for Unaccompanied Cello,” played live by Toronto musician Liza MeClellan.

The performance kicks off the L Tower’s “topping out” ceremony marking the completion of the skyscraper’s skeletal structure and almost half of its glass-and-steel façade. The 58-story, -unit condominium designed by Mr. Libeskind with Page + Steele/IBA Architects for Ferncastle (Front Street), Inc., will welcome residents in 2013.

The tower, located at the intersection of Yonge Street and The Esplanade, is part of the redevelopment of the Sony Centre for the Performing Arts. A Partnership with Ferncastle (Front Street) INC raised capital for the Restoration and Renovation of the Sony Centre (Phase 1, Theatre interiors were completed in 2010). Phase 2 including new back-of-house facilities located beneath a new public plaza which will reach completion along with the tower. The L Tower was designed to be an architectural transition between the skyscrapers of the financial district to the west and the historic residential St. Lawrence neighborhood to the east.  A 5000 square-feet public plaza along the redevelopment’s west side will serve as an additional public space for the theater, L Tower residents and the downtown community.


Don't forget, I'll be down at the site tonight to catch pictures of all the action. Should be a very exciting time, I'll do the best to get some video as well, as my camera doesn't exactly capture night time images that well. Should be wonderful, and this has got to be one of the best skyscrapers ever built in Toronto. Those lucky residents of this tower should also be there to check out how popular their new home will be with Torontoians at large as well.


Aeriosa Dance Society on the L Tower




Getting a Mortgage and Mortgage Insurance through Desjardins Group for financing a loan to purchase at FIVE Condos is actually a relatively easy process, and new rules from the federal government has required that company include new regulations, which have made the home loan and mortgage process a bit more difficult. Those changes at Desjardins Group include shortening the amortization period for which the loan can be held by the consumer, and the degree to which the property is financed by the mortgage. They have also increased deposit requirements to lift the loan insurance amount. Mortgage insurance from Desjardins Group is actually one of the major financing costs on home loans.

Investment Trusts have no taken to looking to purchase rental properties and acquiring mortgages through financing auctions by the banks looking to shore up their balances sheets in light of stricter government regulation. These regulations have actually made holding residential mortgages by the large financial institutions harder to hold. Currently investors are looking to increase their position in rental properties in Toronto, at the same time the federal government in co-operation with the financial institutions are making getting and qualifying for loans and mortgages more difficult

Desjardins Group : What is Condo Insurance?
Condo Insurance is required to protect your personal contents from theft or fire damage in your condo if these unforeseen events should happen you should make sure that you have adequate protection. Some items in your condo are will also be protected by your condo association insurance policy which covers the general building. The events that are covered by condo insurance include Fire, as well as Lighting. Other weather related causes such as Windstorms, and Hail are also covered. The major one that most people worry about is theft which is covered by condo contents insurance policies.

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