88 Scott to Begin in April - Toronto Condo News

Toronto : Condo News For March 2, 2013-03-02

Here is some news from the condo front in Toronto, apparently the 88 Scott Building in downtown Toronto has reached 65% sales, and they are set to begin demolishing the existing building on the site, and hope to have the new tower under construction starting in April. The Tower at 88 Scott will Reach 58 floors and 204 meters. Looking forward to this project. The old building is massive and located at 40 Scott. 



88 Scott is Now at 65% Sold

An insider over at UT has confirmed what we (or at least I) had already known about this project, and that is that sales have been pretty steady, if not stellar. Considering that most real estate experts in the Toronto Area, no believe the market is starting to tail down a bit, this is actually pretty good. There will be a lot of projects that will have to be postponed now that it seems, some of the international cash that has been funding the Toronto market is leaving town. Not to worry, there seems to be enough local interest in the properties in the core, to keep the market vibrant barring a complete collapse of the housing market or of the US Economy, whichever comes first. 

The Building

88 Scott is being developed by Concert Properties, and is being designed by Page and Steele Architects. It will rise 58 Floors and reach 205 meters, making it one of the tallest buildings in the city when it's completed and at least within the top 30 tallest towers in Toronto. The building is built in the Post Modern Style with a bit of Retro Art Deco, mixed in with Modern Glass and Steel. It from the renderings looks like it will be one of the best buildings in the City.

Location and Amenities 

The Building is located at the corner of Scott and Wellington, and is almost right in the heart of the Financial District of Toronto. This location should make it a favorite among the Professionals that work there, and would like an easy commute back in to the home zone at the long end of a busy day making tonnes of cash. ( I would think, lol)

The Core Club 

The Core Club Features a Bistro and swimming pool, as well as social area, which allow residents to intermingle with each other for drinks and good times. It also includes an Outdoor Terrace to take advantage of those pleasant summer days and evenings.