Street Smarts: Central storeys in Toronto core

By Suzanne Wintrob

Steve Cameron lives with two university buddies in a rented townhouse near the Distillery District. But as a 27-year-old single guy working at a family-run real estate finance lending firm in the heart of the financial district, he wants to live where he works and plays. That’s why INDX, a 54-storey, 700-suite condo project by Lifetime Developments and CentreCourt Developments at Bay and Adelaide looks so promising to him. From the bachelor-pad-type black kitchen counter tops to the poker room, golf simulation room and the lobby’s shoeshine station and dry-cleaning drop-off area, it’s a building that’s hoping to beckon career-focused keeners like Mr. Cameron.

“I’m really dedicated to my career, really focused on putting in as many hours as I can to get as far ahead as I can in the next few years,” he says from his office. “To do that, the best place to be is down here. The financial district has become a place that is more conducive to a young professional’s lifestyle, with a lot of great restaurants and pubs to go out to. … My time is worth too much to be sitting on a Go Train or in traffic for two half hours every morning and every evening.”

As of February 2012, there were 13 active projects with 5,103 units in the downtown core between Bloor and the Gardiner Expressway and University and Church, according to RealNet Canada Inc. That’s down slightly from the previous year with 15 projects and 5,848 units. Average price per square foot rose to $939 from $868.

http://life.nationalpost.com/2012/03/23/street-smarts-central-storeys-living-high-in-downtown-t-o/

March 26, 2012/by Mahyar Rezapour

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