A Few Facts
I'm not sure why I bother posting here sometimes... with the attacks I get. But I know there are a few of you out there who actually would like to know what's happening. I get defensive about the project because I believe in it. It's been an uphill battle with doubters, media and others from the get-go. It's been bizarre to face such negatism for a building in the heart of downtown--it's a good thing to be going up where it is at! We've overcome a lot. And to the naysayers... well... we'll see you when the building starts going up later this year
$250 million + sold = a little over 1/2 of total building sellout. It's an approx. $500-million building in total sellout. There are nearly 400 suites in total available for sale between the hotel and residences. Hotel condominiums are roughly 75% sold of available inventory (units). The residential is over 50% sold (unit wise)--though, I don't have the latest #'s. Many residential suites have not yet been offered for sale (which is normal to save them for a "post-construction" release... which is where the most profit is obviously made in the majority of projects).
Regarding comparisons to other projects, NONE of the other projects mentioned have as many units and dollar-value as Trump Toronto. The Ritz? The reason they are building it so soon, is that it was always planned as a hotel first... residences second. They would be going ahead with the building even with minimal residential sales. I certainly am not bad-mouthing them. It's a great project/building for the city. As we always thought, we have similar but different buyers at each property... so we are in competition with each other, but not as direct as you might think.
Unlike any other projects mentioned, Trump Toronto is selling hotel condominiums in addition to residential condominiums. So, it's hard to make an apples for apples comparison with current projects.
One St. Thomas launched before Trump and is drastically smaller. One Bedford, much smaller as well.
All in all, despite a few bumps in the road along the way, we're thrilled to be where we are.
Regarding the ad in DCN and OCN? That was an invitation to the trades to submit their info to the pre-construction management firm if they are intrested in being a part of the project. Nothing more.