Location:Toronto Entertainment/Theatre District
Address:87 Peter St, Toronto
Intersection:Peter St & King St
Tentative Occupancy:November 2016
Maintenance Fees:Approximately $.53 per square foot, Approximately $.53 per square foot
Deposit:$5,000 with agreement, Balance of 5% in 30 days, 5% in 120 days, 5% in 270 days, 5% in 540 days
Price:from the low 200's
Coming soon to the heart of the Entertainment District at King and Peter: NOIR CONDOS BY Menkes contact me now for floor plans and pricing.
It’s black-on-black with white accents for this tower that will surely stand out from the its neighbors when complete in a few years. The tower will rise on the parking lot that is currently set between the Hyatt Hotel to the south and an historic building to the north.
The Entertainment District of course has been home to some of the most successful new condo launches in the city over the past year: Peter Street Condos, Tableau Condos, The Bond, Cinema Tower, Studio2 etc. were all launched in the last 12 months and all have sold extremely well. This part of the city is shaping up to what some are calling “The Next Yorkville”. While it remains to be seen if this will actually happen, there is no doubt that the movement of the Film Festival head quarters from Yorkville to this area was a watershed moment in the downtown development scene. This combined with the city’s approval of the 46-storey Festival Tower building some years ago through the door wide open to high-rise development in this once mid-rise area.
Menkes is one of the best developers in the City. They have been part of the transformation of North York and the Yonge-Sheppard-Finch corridor over the last decade. Now they are making a big push downtown with Noir, Fabrik and coming later this year (most likely), two 70-storey towers to Harbourfront.
Amazingly, this building is only 1 of 3 new condo towers that will be launching this year in this intersection at King and Peter! Also coming this month will be Tux Condos by Great Gulf and eventually we will likely see King-Blue Condos (if that’s what they end up calling it). If you’ve been watching this area over the past year you will note that some are calling King and Peter the “Next Hub Intersection” downtown.
For all the details on NOIR, contact me.