Location: Financial District, Toronto
Builders/developers: Lifetime Developments and CentreCourt Developments
Size: 356 to 821 square feet
Price: Mid-$200,000s to $550,000
Contact: To register, phone 416-987-INDX (4639) or visit www.indxcondos.com
The newest high-rise in the Financial District will be made-to-measure for career-driven individuals embracing fast-paced lifestyles.
The 54-storey glass tower will not only offer custom closets to store power suits and compact kitchens that require little maintenance, but also will provide extensive sports, poker and party facilities for residents to use and a 24-hour concierge to accept grocery and dry cleaning deliveries when residents are not at home.
“The target market is mid-20s to mid-30s, young professionals working at a Bay Street bank, law firm, consulting firm or accounting firm located within five minutes to the site,” says Andrew Hoffman, president of CentreCourt Developments, which is co-developing the project, called Indx, with Lifetime Developments. “It's for someone who is looking to work hard and play hard and has that mentality of constantly being connected to downtown Toronto – and its vitality – and has the approach of not wanting to waste time.”
As soon as next month, buyers can purchase from studios to three-bedroom suites to be built at 70 Temperance St., northwest of Bay and Adelaide streets.
A preview opening will be held at the sales centre April 21 from noon to 6 p.m. People wishing to attend should register at www.indxcondos.com
“Indx is really one of the only potential residential sites right in the heart of the Financial District,” says Mr. Hoffman, who cites hotel-condominiums such as the Trump Tower and Shangri-La as the closest comparables. “Their pricing is close to double the pricing we're going to be at in Indx, so we're a real value proposition located right in the core.”
In the immediate vicinity, there are theatres, museums and concert halls, nightclubs, bistros, shops and subway lines. Many of these amenities will be directly accessible via a new link to the PATH system.
Within the first three floors of this building – which Page + Steele/IBI Group Architects incorporates with the century-old Graphic Arts building into its podium – residents will have exclusive use of a 3,000-square-foot fitness area, a virtual golf simulator room, and a sports lounge with TVss, billiards and foosball tables.
Rounding out the facilities will be a theatre, a fireside party room with a bar and a terrace with banquettes, barbecues , plus a boardroom and a shoeshine station.
The suites above will be open concept retreats finished with smooth nine-foot ceilings, engineered wood floors, full height windows and sliding balcony doors, plus porcelain bathroom tiles and stone or quartz counters.
Some units will have upgraded closets decked out with racks for ties, belts and shoes, felt-lined drawers for jewellery, and double hanging space, cubbies and hampers for clean and soiled clothing.
Kitchens will feature integrated appliances, wood grain melamine and black gloss cabinetry, open glass shelving with accent lights, along with black faucets, sinks and granite counters.
Monthly fees will be about 50 cents per square foot. Parking and storage will be extra. Occupancy is slated for December, 2015.
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