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.