Harbour Plaza Residences: A Condo Investors Dream
Harbour Plaza Residences recently launched to platinum agents and has quickly become one of our favourite condominium projects in the City and checks a number of important “condominium investor boxes”.
The project has recently released a special batch of suites dubbed the “Harbour Collection” which start from the 55th floor with some incredible views all the way around.
Actual views from approximately the 55th floor of Harbour Plaza. Click for (a much) larger image
The project is located in the growing “South Financial District” just south of the Air Canada Centre and below we have highlighted the reasons we believe Harbour Plaza deserves your attention.
1. Menkes – A Trusted Developer with an Excellent Track Record
Menkes have enjoyed enormous success in the GTA and have a track record that spans six decades with a portfolio that includes Commercial Towers, Single Family Residential Homes and High Rise Condominiums.
We could write a book about Menkes’ achievements and one that they are particularly proud of was being awarded LEED Platinum Status (one of only a handful in Toronto) for Telus House (25 York Street), the brand new commercial tower located just north of Harbour Plaza Residences.
Telus House by Menkes was recently awarded LEED Platinum Status, one of only a handful of buildings in Toronto to achieve this
Let’s not forget that they were just involved in the development of the brand spanking new Four Seasons Hotel & Residences, arguably Toronto’s most luxurious condominium and hotel.
Menkes recently completed Four Seasons Hotel & Residences is arguably Toronto’s most luxury high rise
A trusted developer with a track record is of extreme importance when purchasing a new condominium and Menkes are certainly up there with the best of them.
2. Located in an Expanding Neighbourhood with Growing Demand
We recently wrote about the expansion of the South Financial Core with over 6 million square feet of new office space expected in the coming years.
That’s a LOT of office space and a LOT of new jobs coming into this new neighbourhood and many companies are turning to this location as opposed to the traditional “Financial District” at Bay & Adelaide where space is starting to become very difficult to come by.
Maple Leaf Square has become one of the most sought after condominiums in the neighbourhood with prices starting to reach $700 per square foot (putting it on par with some of the highest resale values in Toronto), and with ICE condominiums approaching completion we are expecting this neighbourhood to grow in popularity.
Harbour Plaza Residences is located at the gateway to Toronto in an already popular neighbourhood with a bright future.
3. Direct PATH Access
While Harbour Plaza Residences features an incredible two storeys of amenities, arguably the most important amenity of the building is a skybridge that directly connects the buildings to the underground PATH network via the Air Canada Centre.
Harbour Plaza will access the PATH via a skybridge that will connect to the Air Canada Centre below the Gardiner Expressway
Harbour Plaza Residences will be DIRECTLY connected to over 1.5 million square feet of office space with walkways to RBC Waterpark (885,000 square feet) and One York (800,000 square feet). There is not a whole lot of projects in Toronto that can say the same thing.
4. Access to Transit & Union Station
Access to Transit is becoming increasingly important, especially with the limited number of parking that developers are building. Harbour Plaza Residences is located a hop skip and a jump (and all underground!) to Union Station.
5. Large Project Scope
There is no ifs or buts about it: Harbour Plaza is a MASSIVE undertaking. When completed, the site will feature a 30 storey commercial building and two residential towers that will soar past 60 storeys.
Harbour Plaza Residences feature two towers that will soar over 60 storeys
The Commercial Building (One York) has already nailed down their head tenant (HOOPP – Ontario Pension Plan) where the average salary of a worker will be over $75,000.
One York will also be located on the site and will be home to over 5,000 new jobs
The building features an awesome two storey amenity space that will knock your socks off, excellent suite finishes and stunning views.
Harbour Plaza Residences is currently available for Platinum Agents and gets a big thumbs up from TalkCondo. For all the details and opportunity to purchase, simply complete the form below!
