The change in unit mix here is fascinating, and such a sign of the times.

Original submission had a makeup of 7% studios and 15% 1-beds.

This latest submission has reduced the studio count to 2% and bumped up 2-bed's to 25%.

The bulk of 1-bed's now include a den.

Past Centrecourt projects have typically been much more studio heavy at around 20%.

Four walls, a micro kitchen, and a broom closet sized washroom no longer cut it in this market.

Still probably won't be enough to get them sold, but nice to see a trend towards greater quantities of larger unit sizes.
 
Happy Canada Day!


Toronto Model 07-01-25 543 Yonge.png



Link to full-size render
 
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citylights said:
The change in unit mix here is fascinating, and such a sign of the times.

Original submission had a makeup of 7% studios and 15% 1-beds.

This latest submission has reduced the studio count to 2% and bumped up 2-bed's to 25%.

The bulk of 1-bed's now include a den.

Past Centrecourt projects have typically been much more studio heavy at around 20%.

Four walls, a micro kitchen, and a broom closet sized washroom no longer cut it in this market.

Still probably won't be enough to get them sold, but nice to see a trend towards greater quantities of larger unit sizes.
Click to expand...
CentreCourt, like most other developers now, is moving into the rental space.
 
This caught my attention in a Renx article on Choice Reit:

1753364851172.png


Source:

renx.ca

Choice kicks off Q2 financial reporting season with solid results

Second-quarter reporting season for real estate investment trusts is underway and Choice Properties REIT was the first major retail trust to release its results in this uncertain economic environment.
renx.ca renx.ca

That is suggestive of a very different proposal that the one we're looking at............

I don't think of Centre Court as buy and hold.....

@ProjectEnd will have his insight solicited.

****

555 Yonge is old office to condo conversion. The suggestion here is that they've bought an interest in one retail unit in the building? The building is certainly not 3,400ft2.

1753365044949.png
 
syn said:
This would be an attractive building if they just stuck with the brown. It looks like two different buildings awkwardly stuck together.
Click to expand...
Yeah exactly. I feel like a lot of our architecture firms are obsessed with "breaking up the massing" but like, the massing is what it is, and changing materials on half the building just leads to that weird look of buildings being glued together, and doesn't make the building look any smaller (which is supposedly the intent)
 
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