Pubished in the Toronto Star, September 21, 2012
By Ryan Starr
When B.streets Condos went on sale last fall, the mid-rise project at Bathurst and Bloor proved popular with first-time buyers as well as downsizing Annex denizens looking to transition from high-maintenance homes into carefree condos.
With the province pushing to concentrate development within the GTA’s existing urban areas, condos have overtaken detached homes as the dominant form of new housing in the region. In 2011, condos outsold detached homes in the GTA by three to one, according to RealNet Canada.
But while a growing number of buyers are shifting into condos, not all of them want to live in a skyscraper with little connection to the outside world.
Smaller-scale mid-rise buildings such as B.Streets offer a more appealing option. Mid-rise projects — typically buildings that range from four to 12 storeys — give residents the sense they’re more a part of the surrounding neighbourhood.
Mid-rises aren’t just cropping up in existing neighbourhoods, mind you.
Medium-density buildings are also providing the basis for the growth of entirely new downtown areas, Lawlor notes. She cites as prime examples two projects she’s been selling recently: the Remington Group’s Downtown Markham development and Canary District Condos, home of the 2015 Pan Am Games athletes’ village.
In Markham, Remington’s Nexus South condo will have 226 units in a 14-storey building with retail at the base. Down in the West Don Lands, Canary District ultimately will include 800 condos spread out across eight buildings, the majority of them mixed-use, mid-rise developments.
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