This condo is launching in early 2012. Contact me for floor plans and pricing and your chance to buy before the public launch!

Cinema Tower is now selling to a select group of Realtors such as myself at the Platinum VIP stage.  For pricing and floor plans please contact me.

Cinema Tower will be located on Widmer street, in between Adelaide and King. The tower will rise 43 storeys and contain 444 units. It will not be physically connected to Festival Tower, however purchasers will enjoy a 3-year membership to Bell Lightbox (located in Festival Tower), and access to private, residents only TIFF screenings. Amenities will include a full size indoor basketball court, fitness studio, outdoor Urban Terrace lounge, guest suites, screening room, and party room.

Starting prices right now are around $700 per square foot at Cinema Tower with parking spots going for $42K. On the one hand, these price points make Cinema Tower more expensive than other area offerings like Peter Street Condos, Tableau, King-Charlotte, and the like. On the other hand, Cinema Tower is arguably priced LESS than what Festival Tower is selling right now. (I say arguably because Festival Tower has not registered yet and therefore we only have assignment listings and hearsay to go by.) So is it a good deal or not? Well, if you believe that Cinema Tower is unique because of it’s connection to Bell Lightbox and TIFF, then it’s a great deal, if you believe that it’s ‘just another condo tower’, then it’s overpriced.

Looking at the history of Festival Tower, even when it launched several years ago, it was priced at a premium compared to other area offerings, yet it sold very well and appreciated in value extremely well. Cinema Tower will have high-end finishes, great amenities, a connection with Bell Lightbox, and the brand recognition that comes with its association with one of the world’s most respected Film Festivals. There is certainly a compelling case to be made that Cinema Tower purchasers will see a solid ROI by buying at prices on par or below that of the nearly completed Festival Tower half-a-block away.

With Daniels as the developer you get 3 significant bonuses as a purchaser:

1. You know you are getting a well-built building with a high probability of being completed on time
2. Construction has already started (because Daniels has the ability to build before selling-only a few developers can pull this off), meaning occupancy will start in about 2 years (versus 3-4 with other area developments)
3. The deposit structure is only 15% up front with 5% at occupancy (presumably due to the fact that their financing requirements are not nearly as strict as the average developer who needs to pre-sell 70% before starting construction)

For all the details for the Cinema Tower Platinum VIP sale, please contact me.

Although this project is not launching in the “VIP” stage until next month, I have access right now to Peter Street Condos. Call it “Platinum Access”, “Super VIP”, “pre-VIP”, or whatever, the point is that I can get my clients into this building today. For information including floor plans and pricing, please contact me.

Designed by architectsAlliance, interiors by Cecconi Simone, and developed by Centrecourt Development, this 40-storey tower with 427 suites is aimed squarely at investors and first time buyers. Average suite size is 550 sq ft, meaning there are a lot of very affordable units in the sub $350K range. Side note: the architects at architectsAlliance will be sure to want to make this one a beauty because their offices are right across the street and they will have to stare at the building every day!

Located at Peter and Adelaide, equidistant from both King street and Queen Street, the location project is right in the heart of the rapidly gentrifying Entertainment District. The Entertainment District as we know it will soon be no more, as many of the clubs are moving further west and being replaced with condos. Some of the pundits are prognosticating that this area could become the next Yorkville with all the recent and planned additions of high end condos, hotels, restaurants, and of course TIFF and Bell Lightbox.

Centrecourt Developments is headed up by Andrew Hoffman, who is a 20 year veteran of the Toronto condo scene and formerly the C.O.O. of Menkes (Four Seasons, Lumiere, Pears, one of the most respected condo developers in Toronto). Rumor is they already have 2 other downtown sites that they will be developing in the short term on top of this one. They are very well organized and are poised to become a major player in the Toronto condo game.

The floor plans are very impressive in this project, the finishes are excellent, and the prices are very competitive for this caliber of a building in this location. For details and  your opportunity to purchase a unit in advance of the VIP release, please contact me.

March 10, 2011 update: Floor plans and pricing now available. Suite reservations being accepted starting now. Contact me for details.

Coming soon from The Sorbara Group, 32 Camden. Another boutique condo project with only 87 units and standing just 10 storeys tall, this beautiful looking low-rise will make a great addition to the immensely popular King and Spadina neighbourhood. Contact me for your opportunity to buy before the public launch. Floor plans and pricing due out this week!

You may not have heard of The Sorbara Group, but they are actually very experienced developers in Toronto with 60 Bathurst, 60 Niagara, 400 Wellington, in their portfolio amongst others. They are also known for two of Toronto’s most well known conversions – Broadview Lofts (68 Broadview) and Brewery Lofts (90 Sumach). The firm is also involved in many other areas of real estate investment and land development all over the GTA.

I have high hopes that the prices in this project will be much more attractive than those of the nearby King-Charlotte building. Being on a side street on the west side of Spadina should make this one more affordable.

More details to come later this week! Stay tuned and contact me if you would like to be kept in the know for this project. More photos after the jump.