Are you sure that South Beach is planning on building a third tower? Where did you get that information if you don't mind me asking? Also, I don't believe that Onni owns that land anymore....but I could be mistaken. Btw, the reason why the south facing units are cheaper than the Biltmore is because they are a lot smaller. All the other units that are southern exposure are more expensive than the Biltmore. I don't think the Biltmore will be facing the highway or the tracks because of the way the buildings are going to be staggered...as far as I know there is nothing in the pipeline as far as condos are concerned to the south of south beach before lakeshore and the park, but I could be wrong. If there was, I think there would be a thread on UT, but I couldn't find it...
Regarding ONNI/MENKES
SUBJECT PROPERTY
The Land Services Group represented Menkes Development, a multi- disciplinary real estate development company, and AEW Capital Management, an international investment management firm headquartered in Boston, in the disposition of their site located at 2200 Lake Shore Boulevard West and 10 Park Lawn Road.
At the time of sale, the complex located at 2200 Lake Shore Blvd West held 22 office units and 14 storage units with lease terms expiring from June 2007 to June 2011 and was approximately 139,523 SF with a NOI (for 2007) of $1,600,000.
The complex located at 10 Park Lawn Road was leased to Kraft as one unit of office and one unit of storage with the lease expiring in July 2014. This building was approximately 53,705 SF and had a NOI in 2007 of $725,000.
This site has been approved for 1200 high density residential units and 195,365 square feet for commercial use. This property signifies a unique development, being one of the last remaining developable sites along the Etobicoke waterfront corridor.
OUR ROLE
Within the first several weeks a listing agreement was negotiated that provided incentives for CBRE if the team achieved a purchase price in excess of the initial valuation. During the negotiation of the listing agreement, the team assembled due diligence, built a marketing campaign and prepared offering materials. This property was offered for sale without an asking price via the Modified Tender Process. Interested proponents were asked to submit offers for this unique opportunity according to our Offering Process outlined in our Confidential Offering Memorandum (COM). In a six month period the Land Services Group received the listing, brought the property to market, shortlisted and negotiated a deal and lastly, completed the transaction.
OUTCOME
Through the Modified Tender Process, the Land Services Group produced a competitive bid process that generated multiple offers resulting in a successful acquisition by ONNI Group of Vancouver for $56 Million.
http://www.cbre.ca/NR/rdonlyres/7E7...3D3357502C/751850/2200Lakeshore10Parklawn.pdf
After reading this, I have no interest in any S facing units from SB. There's also a map somewhere, I couldn't find it at the moment which shows how the condos are being built, it is quite massive compared to SB. They are also taller than SB.
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Regarding Another Building by SB.
http://eleganthomesinwesttoronto.blogspot.com/2009/06/south-beach-condo-gets-approval.html
It is not a 3rd building right at the site, but it is also taller than the current SB Blue and Green, and will no doubt affect views towards the city/lake.
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Regarding $ per Sq. Ft.
I'm using Green Tower 10th floor for calculation; quoting Special Preview Prices which I got approx 2 weeks ago.
Name Sq Ft. Exposure $ / Sq ft
Astor 454 S/W 458
Seville 508 S/W 492
Palms 590 S/W 477
Biltmore 648 E 489
Avalon 659 N/W 417
Victor 703 N/E 497
Colony 784 N/W 408
Tides 824 S/E 447
Sagamore 854 S/E 443
Collins 971 W/S/N 428
Raleigh 1004 N/E/W 471
Lido 1036 S/E/W 463
Delano 1106 S/E 479
NE facing (Highest per Sq Ft, City/Water view no blockage until Christie gets developed or Condos West of Waterscape starts to rise, then the view will be so blocked).
Raleigh @ $471
Victor @ $497
Biltmore @ $489
Delano @ $479
SE facing (This should be the best water view to me, but is priced almost the lowest apart from N facings... Personally, I believe the developer knows buildings due S of SB site will block S city and water views.)
Tides @ 447
Sagamore @ 443
Lido @ 463
SW facing (I think you're facing the Blue tower)
Lido @ 463
Palms @ 477
Seville @ 492
Astor @ 458
NW facing (Kind of close to the train tracks)
Collins @ 428
Avalon @ 417
Colony @ 408
). 
