A rare sight: Ground broken for Toronto's 60-storey Q Tower condo
[qutoe]Lifetime Developments and DiamondCorp are advancing toward the construction of a rare development in Toronto these days. Q Tower is a 60-storey, 980-unit condominium on the site of a former parking garage at 200 Queens Quay W.
The 1.248-acre site was acquired from Canada Lands Company for $100 million in February 2020 when the Crown corporation realized there were better uses for the prime downtown location.
Sales for Q Tower kicked off in November 2023 at the Real Sports Bar & Grill. Close to 70 per cent of the units have been sold.
“We're very fortunate to be in a position today where we've achieved enough sales to allow us to get our construction financing to allow us to start construction and to allow us to commit to a delivery date, which will be at the end of 2029 to early 2030,” Brown said. [/quote]