Posted by
Dani in
Real Estate Talk on Nov 15th, 2010
In the King West neighborhood stands many Freed Development projects, a quaint dog park, beautiful lounges, Niagard’s head office etc.
What’s new to King West Village and Millionaire’s Row? ‘This Is Downtown’ is! The new condominium project which will be built on Wellington beside the frequently visited ‘ Wellington St Pub’ at 508 Wellington West
This pre-construction has a planned 89 units in total, which will be cast over 11 stories of soft loft living. This development is being developed by Parallax Investments – the same people who brought you 8 Wellesley, 20 Collier and Maxus – all great projects.
The main thing to remember about this building and which helps it stand out in a condo-centric city like ours is the flexnature style. This will be the first flexnature styled condo in our city. This style is more common in cities like LA and New York.. and I think it’ll be a big hit here too..as soon as everyone sees how creative they can be.
Flexnature design allows each unit owner the ability to re-configure their own unit without the approval of the condo corporation. Each unit will have its own HVAC system, own plumbing and electric control so the owner can move things around as they see fit. The floors are sunken and bulkheads above so that the owners can reconstruct without dipping into their neighbors above and below. The walls will be concrete posts instead of concrete across to allow for the opening up of walls to make open concept rooms and for the ability to purchase side by side units to make double or triple the size.
The units start at 421 square feet and increase to 1700 square feet – parking is also only offered after a certain size unit has been purchased. The Maint. fees will be .49/sqft, and units start in price at $255,000. Occupancy will begin in 2013… and from my experience the building will be sold out in a few months. Parallax is also offering each buyer a 1 year Metro Pass for free, and with certain VIP broker events they were offering to pay the maint. fees for the first 18 months..
Interior features include:
Structure: 9 feet ceilings in the units from the 3rd floor to the 10th floor and 12 foot ceilings on the ground floor units. The ever popular floor to ceiling windows will be used in each suite along with extra wide and thick laminate flooring.
Kitchen: Corian Countertops with the option for Granite, stainless steel appliances with a built in cook top and deck mounted lever polished tap.
Bathrooms: extra large floor tiles, specialty backsplashes, deep tubs and showers that have the height of the room.