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Toronto condo developer spends $65 million dollars to build a public park?

October 3, 2013 - Updated: October 4, 2013New Condos in Toronto

11 Wellesley Street has been sitting vacant for the last two decades.The 2.1 acre piece of land was owned by the province of Ontario until Lanterra Developments purchased it for $65 million dollars in February of 2013. At the time of purchase, the province of Ontario recommended a multi tower condo site with over 1000 units.

 

This is what the province has recommended:
11 Wellesley Street Condo Alternate Plans

 

Instead of following the most lucrative path, Lanterra Developments had a different idea in mind. They have proposed to build a 1.6 acre park with only 1 condo tower and 630 units. Now obviously the city is against this plan because it brings in less tax revenue but Lanterra has taken a bold step to provide local residents with something that they want and need… Green Space!

 

Take a look at the Lanterra’s proposed condo site for 11 Wellesley Street:

11 Wellesley Street Condo Rendering

 

Local residents are highly supportive of this plan and for the last 6 months, Lanterra Developments and local residents are negotiating with the city to allow this proposal to go forward. Although the plan has not been fully approved, our sources tell us that the 11 Wellesley Street Condo will be launched with Lanterra’s proposal.

 

The final design with floor plans and pricing for the 11 Wellesley Condo site will be released to Insider Condos in the second week of December. Register here to stay up to date for this new condo site.

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1 Yonge Condo set to become the tallest condo in Canada

May 15, 2013 - Updated: May 15, 2013New Condos in Toronto

1 Yonge Condo Rendering

Yonge Street, the longest street in the world, is now going to be home to the largest development in Canada, the 1 Yonge Condos. There are four condos planned for the 1 Yonge site. The proposed height is 70 storeys, 70 storeys, 92 storeys, and 98 storeys in height. The north-west corner of the site, the one closest to the Toronto core, will have the tallest tower. The Toronto Star building located on the corner of Yonge and Queens Quay will remain due to a long lease of the property but the old printing plant, distribution building and parking lots will be the site of the new condos.

 

The developer, Pinnacle Developments, purchased the land for a whopping 250 million dollars and they have recruited the modern Hariri Pontarini Architects to design concept plans for the site. Pinnacle is no stranger to this area. They already have two successful condo at the waterfront with 33 Bay St Condos and Success Tower.

 

A site at the base of Yonge Street deserves a “go big or go home” approach and although plans are still in the preliminary stages, the plan is to build the tallest residential condo and tallest waterfront condo in Canada at a whopping 98 storeys high. As it is proposed now, 1 Yonge Condo will overtop Eau Du Soleil as the tallest waterfront condo and Aura Condo at Yonge & Gerrard as the tallest residential condo in Canada.

 

On top of the residential, the site also plans to bring additional retail and restaurant space on street level. Additionally, there are plans to incorporate a high end hotel into the condos, but all of this is just proposed at the moment. Nothing has been finalized.

 

What are your thoughts on 1 Yonge Condos?

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155 Redpath Condo at Yonge & Eglinton to be released this month

February 11, 2013 - Updated: February 11, 2013New Condos at Yonge & Eglinton

155 Redpath Condos

With construction just breaking ground at Minto 30 Roe this week, only E-Condos remains in pre-construction in the popular Yonge & Eglinton neighbourhood (Midtown). 155 Redpath Condo will not only become a new addition to the Yonge & Eglinton neighbourhood, it will also be one of the first new condo launches of 2013. After a slow December and January, new condo developers have been sitting on the sidelines until they can get a better read of the market. The only new condo to launch this year has been 365 Church St Condos and that has been a sell-out success. After witnessing the success, developers have now begun preparing their projects to launch.

 

155 Redpath Condo will become the second condo to launch in 2013 and it is an entire $100 per square foot less than E Condos. Not bad considering the two condos are only minutes apart. The new midtown condo will be located on the south-east corner of Redpath & Roehampton and will replace a block of town homes. The condo will contain 470 suites on 35 storeys and is scheduled for completion in the summer of 2016. As for the developer, it is non-other than one of our favourite developers, Freed Developments. These are the same guys that have built landmarks such as the Thompson Hotel and Residences, Sixty Colborne, Fashion House and many others. Peter Freed is known for his King West condos and due to his role in shaping the King West neighbourhood and the incredible demand for his buildings, he will now be expanding his portfolio to additional neighbourhoods such as Midtown, The Annex, and Yorkville.

 

Full details on 155 Redpath Condo will surface in the following hours and days. If you would like a chance to view the VIP price list and floor plans, register here

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The Britt Condos Toronto Exclusive

June 29, 2012 - Updated: July 2, 2012New Condos in Toronto

INSIDER CONDOS EXCLUSIVE

PROJECT NAME: THE BRITT CONDOS TORONTO
DEVELOPER: LANTERRA DEVELOPMENTS

LOCATION: BAY/WELLESLEY

 

 

Even from an early age we are ingrained with the belief that Real Estate should be bought with 1 simple rule: "Location, Location, Location". As a long time resident of our great city, I have become very fond of our most prestigious locations. The Bay Street Corridor is the epitome of "Location, Location, Location" and that is why I am proud to announce the release of The Britt Condos at Bay & Wellesley!


The Britt Condos is located at the North East corner of Bay and Wellesley. Lanterra Developments will convert the aging 5 Star Hotel, known as the Sutton Place Hotel, into a Luxurious Condominium.

 

The Suites will contain Marble, Hardwood and Porcelain flooring, Granite Countertops, Wall Ovens & Wall Microwaves, Integrated Fridges, Chrome Handles, and much more.

 

As for the Amenities, you'll always make new friends in the brand new Outdoor Pool, Outdoor Terrace, Pet Spa, Exercise Rooms, Theatre Rooms, Hot Tubs, Saunas, or even inside 1 of 7 elevators!

 

Want to learn more? Check out the details below!


Renderings: DOWNLOAD

Floorplans: DOWNLOAD

Features: DOWNLOAD
Price List: DOWNLOAD
Suite Reservation Form: DOWNLOAD

 

"How Would You Like To Be One of The FIRST People In The City To Purchase At

THE BRITT CONDOMINIUM?"

 

Since you've already registered with InsiderCondos, you're about to receive the Royal Red Carpet VIP treatment.

 

THE BRITT CONDOMINIUM RESERVATIONS BEGIN NOW!

 

In a few weeks, VIP Agents across the city will get their hands on the details for The Britt Condos and begin to sell to their clients. As a PLATINUM AGENT for The Britt Condos, I am able to secure your unit TODAY!, weeks/months before other agents even get their hands on the information!

 

You now have the opportunity to reserve your unit at THE BRITT CONDOS and avoid the line ups!

 

No lineups, no fighting, no chaos.

 

(NOW THAT'S VIP SERVICE!)

 

I AM INTERESTED IN PURCHASING A UNIT AT THE BRITT CONDOS, WHAT NEXT?

 

 

If you are interested in reserving a unit, you have two options:

 

a) RESERVE IMMEDIATELY: If you know which unit you are interested in reserving, kindly fill out the Suite Reservation Form HERE, and fill out the details (note, we take privacy very seriously and your information will only be shared with the developer). You may e-mail the worksheet back to us or fax it to 416-987-8001.

 

b) DISCUSS OPTIONS: If you want more information on the development, contact Eugene directly at 416-880-4039 (or reply to this e-mail) to discuss the project and floor plans.

 

DEADLINE: We are selling these units on a FIRST COME FIRST SERVE BASIS. AS SOON AS POSSIBLE!

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BREAKING: The Britt Condos Will Replace The Sutton Place Hotel

June 18, 2012 - Updated: June 18, 2012New Condos in Toronto

Six months since the announcement that Lanterra Developments would be purchasing the Sutton Place Hotel, InsiderCondos finally received the details on the project. Inspired by British Architecture, the Sutton Place Hotel will be named The Britt Residences at Bay and Wellesley.

 

InsiderCondos and a dozen other agents were invited to London, England to be part of the unveiling. We are writing this blog post from London to give our readers the juicy details. Unfortunately, we are not able to show high quality pictures since we had no scanner! We do have our trustworthy iPhone with us though.

 

And now, without further ado, here is the first rendering of The Britt Condos to hit the web!

 

The Britt Condos Rendering

 

As you can see, the transformation is drastic. The run down concrete exterior of the Sutton Place Hotel has been removed. Lanterra is adding an additional 9 floors to the current 31 Storeys and transforming the podium with residential suites, amenity space, and retail. They are adding large floor to ceiling windows that will have a blue tint as well as balconies to the majority of the suites. The amenities will be on the Ground Floor, Second Floor, and on top of the podium.

 

The Britt Condos Podium Rendering

 

The podium of The Britt Residences will be 8 Stories tall and will be lined with sleek lines of stone and steel that make a classic statement of distinction. As it currently stands, the Sutton Place Hotel is only tower, no podium. The large podium on Bay St and Wellesley St does not exist. It will be added by Lanterra.

 

The Britt Residences at Bay and Wellesley

 

Floors 32 to 41 will be an addition to The Britt Condos. The builder is still getting the permits in place for the addition. The top floors will be larger then the lower floors and will contain balconies for all suites.

 

Outdoor Pool for The Britt Residences

 

Our favourite amenity is the outdoor pool. Its amazing how popular the outdoor pools are and they add incredible value to condos. Since consumers care less about the size of their suite, it becomes very important to have great amenities. Luckily, The Britt has an amazing set of amenities that will impress even the most demanding buyers.

 

We would love to show you more so if your interested in The Britt Condos, let us know.

 

FYI, prices and floor plans are available. We will post them when we return from London.

 

What are your thoughts on The Britt Condos?

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