dracolnyte
Active Member
sam from precondo.ca emailed me
- Thread starter androiduk
- Start date
RyanD
Active Member
I got this email yesterday too, not sure how legit it is, but I too was surprised to see the subject line...
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enrigue8
Active Member
I am glad to see that the sales of the condos of the phase 1 had a lot of success.
I wonder if someone knows when Pinnacle will launch the phase 2 ?
I can't wait to see the construction of the tallest tower.
Thank you in advance for your answer .
I wonder if someone knows when Pinnacle will launch the phase 2 ?
I can't wait to see the construction of the tallest tower.
Thank you in advance for your answer .
Towered
Superstar
I don't understand who the people are snapping up these units or how they are doing it. Utter folly.
Lenser
Senior Member
I guess it's not folly if they can afford it. Provided that 70% claim is true, that's a pretty strong sign of confidence in Toronto's real estate market. This is a central location, after all.
As for who they are, it's safe to say the likes of you and I are not the target demographic.
As for who they are, it's safe to say the likes of you and I are not the target demographic.
Automation Gallery
Superstar
If phase 1 sells this fast you might see phase 2 in the market by Sept/Oct,
gee if that does as well it would have them start building sometime next year
Isotack
Active Member
70% of just over half of the building. They have only released the first 54 floors according to the sell sheet.
54 floors is much more than half a 65-storey building, but I do appreciate you posting the detail!
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dracolnyte
Active Member
units above 54 are most likely huge units, like 4 unit per floor, each unit taking up 2 stories - my guess
There are only sigh changes from 55 on up, but no, there are no large units in this building, it's 10 units per floor all the way to the 65th.
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Isotack
Active Member
Then the mods might want to add some clarity to the height of the building and which building being discussed in this thread... 54 floors is closer to half of 95 than 65!!!
Pinnacle One Yonge | 307m | 95s | Pinnacle | Hariri Pontarini
ADRM
Senior Member
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Isotack
Active Member
Sorry I just thought that the title of the thread actually reflected what was being discussed. Perhaps...since there are five buildings they could be separated. A, B, C, ...or something like that. But that's just me... I like common sense.
koogle
New Member
could "70% sold" mean large realtors "bought" units in bulk to resell to individual buyers, but these units haven't been actually sold to individual buyers?
precondo
New Member
The Prestige development itself isn’t 70% sold out (to my knowledge).
We don’t represent Pinnacle so I can’t speak on their behalf, but we saw huge interest in One Yonge on our end. We were lucky enough to secure a number of units for our clients, 70% of which were sold at the time of that email – the remainder have since been allocated as well.
We’re just one of many teams with Platinum access to One Yonge, so I can only speculate as to the sales status for the rest of the building. Given the location, the builder, and the years of anticipation for the project, I’m assuming it’ll sell quite well.
The Prestige hasn’t been fully released yet, either.
Hope that helps clarify!