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Would be nice to see Hamilton catch back up to Yonge and Eglinton height wise... but good designs are more important.
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No, the project I've seen hasn't yet been mentioned on here. Not sure when an announcement will come. |
One cool thing to keep in mind with this Television City project is the piece of land it sits on. Those measurements done up by a previous poster show that 40 floors with a modern ceiling height could just edge out Century 21 as our new tallest.
However, visually it will appear to be much taller than Century 21 due to the fact that the CHCH property sits at an elevation 55 feet higher than Century 21. So, basically 40 floors at this location will feel like 45 when comparing to Century 21. Click on any location for the elevation here: http://en-ca.topographic-map.com/pla...milton-812832/ |
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So maybe I'm just a pessimist or maybe because I've owned a condo in this city but this is too ambitious and he will overshoot the market.
600 a square foot. You need a lot of investors at that point to turn these into rentals. A 600 square foot unit will be 360,000 plus parking at these prices, plus closing fees, upgrades and land transfer you are over 400,000. To carry that with 20% down it would be: 1400 - mortgage (320,000 mortgage at 2.5%). 300 - condo fees 250'- property taxes Carry this place is 1950/month. Works in Toronto. Rents are way lower here. Job market is much softer and we don't have the high end jobs that Toronto does. Coupled with the new foreign buyer tax, rent control etc I'm going to be surprised if this projects ends the way it is being proposed. Lots of condos coming to the market in next few years let's see if market can actually absorb them all. |
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Lamb also took a stab at Ottawa few years ago and one of the highest priced condos in that city and it didn't do that well in terms of investments. There are two areas where condos do well in this country - GTA AND Gvr. If you are looking at around 400k for 1 bed room condos it will take a while to sell. 600 square foot is. Ore than Mississauga or Vaughn - places close to major job hubs. The job market downtown Hamilton is not downtown Ottawa. |
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Ooh, a dynamite feature visible on this floor plan is the alternating balcony faces! There are some towers in TO with this design that look wicked. |
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That is an incredibly functional layout for a 2 bed. I'm loving the angled balconies on the east west sides, and the fins on the north and south. Aa is a top notch firm and even the most basic lamb units feature exposed concrete and high end finishes. These units are going to be modern, which is what we need. Enough with the suburban boxes in the sky. This is downtown!
Can't wait for renders. Are the rest of the plans online? |
I wonder if Carol Burnett get royalties for using her name and image.
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Carol Burnett - Trying understand using her name and likeness as a selling point. You'd have to be at least 60 to have seen and to have appreciated her comic stylings. ;) I guess that's the market. Just seems weird and random.
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Interesting fin design along north wall. Bring on the rest of the designs ! and the building renders...
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Am I the only person that thinks that two full bathrooms in a two bedroom condo is a bit excessive and a waste of space?
The Royal Connaught even has some one bedroom units with two full bathrooms... |
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I like it -- the "Carol Burnett"
Golden era of television... what's coming up next in suite names? The Ralph Kramden? The Beave? The MTM? The Brady? The M*A*S*H? The Roper and The Furley? :cheers: 35 floors. :D |
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