What do you think of this project?

  • I like it a lot

    Votes: 27 45.8%

  • I like it

    Votes: 30 50.8%

  • I neither like nor dislike it

    Votes: 2 3.4%

  • I dislike it

    Votes: 0 0.0%

  • I dislike it a lot

    Votes: 0 0.0%
  • Total voters
    59
David A said:
I was around in the early to mid 1990's here and watched a ton of rental to condo conversions then. I would not be surprised if sometime in the future again some of the good quality new rentals become condos when conditions are right, but they are not now. So for now pretty much everything new being built including this is rental.
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It's funny you mention this because some older buildings that were converted to condos in the 90s, are now being converted back to rentals again. Hillside Estates on 104 st for example is currently in the process of being sold to a company that's going to convert the units back (friend of mine owns 2 units + one of the CRUs). Ravine Mansion (11616 100 ave) was originally a rental building, and was recently sold back to the original owner who is going to convert it back to rentals (another friend of mine owned a unit here). The Albany (now Axis Tower) on 116 st was condos and was sold to Leston Holdings last year, though I'm not sure if that one was ever a rental building
 
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Although not a tall concrete tower my previous condo was the Lord Simcoe on 115th St. and 102 Avenue and it was bought by Leston and is now back to rentals now known as Qute.
 
_urbanite said:
It's funny you mention this because some older buildings that were converted to condos in the 90s, are now being converted back to rentals again. Hillside Estates on 104 st for example is currently in the process of being sold to a company that's going to convert the units back (friend of mine owns 2 units + one of the CRUs). Ravine Mansion (11616 100 ave) was originally a rental building, and was recently sold back to the original owner who is going to convert it back to rentals (another friend of mine owned a unit here). The Albany (now Axis Tower) on 116 st was condos and was sold to Leston Holdings last year, though I'm not sure if that one was ever a rental building
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Interesting. I would think it may be a bit harder to go back to rentals because you are dealing with buying out a number of individual owners, but obviously not impossible if the economics make sense.

Probably also not a bad thing if reducing the number of condo's is part of what is needed to eventually help increase prices and nice new housing like this building is good whether rental or condo.
 
From this afternoon

IMG_3817.jpeg
 
It's ok. Was better before the curtain walls were substituted for the cheaper picture windows. What else is new.
 
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