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investor buildingstorontosun
•Business
Business & Economics
80% Informative
The 41 -storey, 129 -unit tower from Lanterra Developments is nearing completion and almost sold out.
As an ultra-luxury build in Yorkville , 50 Scollard caters to end users, rather than the investors who have disappeared from the new-home market.
The developer signed a lease with Salt, Grass & Rare , a new upscale steakhouse set to occupy the development’s entire third floor.
Just 242 , or about 1 per cent , of the total inventory of unsold condos in the GTA and Hamilton as of the fourth quarter were in smaller luxury developments.
The boutique end-user buildings are less exposed to the current downswing than other condo segments, says Pauline Lierman , vice president of market research.
VR Score
78
Informative language
74
Neutral language
58
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semi-formal
Language
English
Language complexity
47
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Time-value
medium-lived
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7
Source diversity
5
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