Harbour Plaza Residences Application to Begin Excavation In!

Harbour Plaza Residences (66 storey/233m-765 ft. + 62 storey/224m-735 ft.) 

 1 York Street office bldg.(37s/174m-570 ft.)


Menkes application to have excavation work begin on the Harbour Plaza Residences has begun, and this is even without the condo building, have any sales at all. And the office tower does not even have one tenant. Now remember earlier this week, we reported on this site that Tridel had sold 88% of its majority batch of condos in Ten York Across the street. What I am thinking is that Menkes does not have any worry about the Toronto Condo market in the Southcore Area. It's proxmity to Union Station and the Financial District just offer far to many advantages, and they know they will sell the condos out one time. As for the Office space, they need to get the heads up on Cadillac Fairview whom are looking to begin 16 York within the year. 16 York is the Building that is part of the ICE Condo developments. It's the office component required by the city, and it has to start construction before the condo buildings are completed. So look for a flury of office construction in Southcore in the next year or so.

Harbour Plaza, and 1 York will begin Excavation in December. - So the Rumour goes....


apartment for rent




This application proposes one office building and two residential towers with a common podium
ranging from 3 to 5 storeys at 90 Harbour Street and 1 York Street. The proposed office building
is 37 storeys (174 metres including mechanical penthouse) and the two residential towers are 66
and 62 storeys (233 and 224 metres respectively including mechanical penthouse) each with a
combined total of approximately 1,305 dwelling units. There are three storeys of commercial
retail proposed in the base of the podium.



The proposal integrates the elevated PATH pedestrian bridge spanning from 85 Harbour Street to the   Air Canada Centre (40 Bay Street) along the easterly perimeter of the building on the second
floor.

This report reviews and recommends approval in principle of the Official Plan Amendment
and Zoning By-law Amendment subject to the provision of parking in accordance with the
requirements as set out in this report.
New Trends in Condo Buying Emerging in the Toronto Area

 A few new trends to watch out for in the Toronto area when it comes to buying homes as well as buying condos. When it comes to buying homes, the latest tactic is to put a property which had previously been listed on the MLS system, on a bidding site, or list through an auction house to get buyers, sending the price of single detached homes soaring.

 As for condos the latest buying technique is the new trend with regards to micro housing, or micro condo living. And we’re seeing now, specifically designed condos to meet that purpose. Another new trend to look out for is the lack of supply in the purpose built rental housing market in Toronto. Even as new condos come online there remains a shortage of apartments built specific to that purpose, so condo rentals have increased even as vacancy climbs, rentals rates do as well.

 Busy Condo Market Boosts Toronto Home Sales 

With fewer homes in the detached category available in Toronto, new home buyers seem to be opting for new condos, with sales heading forward at a rocket pace last month. Sales of Existing Homes in the Toronto area moved up by a whopping 2.1% in February 2014, and that is compared to the same time period last year. That was mainly due to a 12.5% increase in the sales of condos within the city so stated by the Toronto Real Estate Board. That will contrasts with the sales declines that occurred in townhomes, detached and semi-detached housing during the month, which was mainly due to a constrained supply of those housing types.