[urbandreamer]

Given the hot rental market and Minto's history in that biz, a luxury rental building here would make sense.

 

[cdr108]

Given the hot rental market and Minto's history in that biz, a luxury rental building here would make sense.

Minto already has a rental at Bay/Bloor.
I wonder how the residents of 77 Charles and 1 ST would feel having a rental building (albeit luxury) across the street from them ... LOL

 

[urbandreamer]

Lotsa high end rental buildings next door to high end condo buildings in Manhattan, so why not here? I would argue luxury rental dwellers have more money than the condo owners. Besides, how many 77 Charles and 1 ST condos are rented out?

 

[ChesterCopperpot]

a luxury rental building here would make sense.

wouldn't surprise me in the slightest

 

[metroTO]

Given the hot rental market and Minto's history in that biz, a luxury rental building here would make sense.

Even with a hot rental market, it would take much longer for a developer to make their profit and it's harder to get a construction loan for it.
That is where investors come in, though I'm not sure if larger higher-end condos end up being rented out than flipped like small 1-bedroom units typically do.

 

[buildup]

If it's resurrected, might we see a total redesign?

If they did, they should consider moving the tower North, and the lower element South. This would give their residents better view lines and spacing from 77 Charles & 1 Saint Thomas. The congestion right now affects views and marketability.

 

[Xray_Crystal_Junkie]

Loved the materials on the original, hope they don't deviate too much from that. Once this is done that would be quite the "posh" little corner.

 

[AlbertC]

Via: @JShamess

Land owners continuing to look at different options as @mintocondos sells their The St.Thomas site for $22m to KingSett Capital (~$96 B/PSF)

 

[androiduk]

Would like to see a boutique hotel/condo mix here.

 

[Ramako]

Bad news. Just a background on Kingsett Capital, they were Canderel's joint venture partner on Aura. Let's hope that Canderel doesn't get involved and build more cheap architecture.

 

[ChesterCopperpot]

HP are still involved to the best of my knowledge

 

[interchange42]

Kingsett were also behind 155 Cumberland/130 Bloor, so that's pretty good.

42

 

[milanista]

Wow, this site is cursed.

 

[SP!RE]

And we lost a beautiful old apartment building for this.

 

[milanista]

And we lost a beautiful old apartment building for this.

So true. That was a great building, I hope the one at St. Thomas & Sultan never goes.
Remembering my U of T days (not all that long ago, graduated in 2009)...this little area looks quite different.