Robert Watson Lofts

February 14th, 2008

Authentic Toronto Lofts Are Rare

Did you know that less than 1,500 converted industrial lofts exist in Toronto versus over 100,000 regular condos? Less than 2% of the condo supply are real lofts, which is part of the reason they are hard to find and tend to be premiumly priced when you can find them.

The most difficult thing to find in the Toronto real estate market is an authentic loft. Existing lofts in the Candy Factory Lofts, Liberty Lofts, Merchandise Building Original Lofts, and other real loft buildings sell in days, when they are available - and usually at or above asking price with multiple offers.

It’s the law of supply and demand. Due to the lack of warehouses and industrial properties available for conversion, true lofts in Toronto seem assured to substantially increase in value.

The Robert Watson Lofts are a great alternative near Roncesvalles Village. Converted from the Robert Watson confectionary factory, they are fine examples of what real lofts should be. There are a few units left for sale by the builder, as well as resales coming up as original owners decide to sell.

Why are the Robert Watson Lofts so popular?

The vintage building fronting on Sorauren Avenue is the century-old Robert Watson Candy Factory warehouse that has been restored and converted into lofts. It is one of the few authentic loft conversions in the city.

With exposed century-old brick, wood ceilings and columns, and 10 to 16 foot ceilings, the project stands out as one of Toronto’s finest authentic loft conversions ever. It is loaded with spectacular raw finishes.

The new soft loft building behind is a six-storey loft building with high ceilings, polished concrete floors, exposed concrete columns, and expansive glass window walls with spectacular views.

Features of both buildings include a landscaped courtyard, creative amenities, storage spaces, and parking facilities.

Located in Toronto’s hot new Loft District near Roncesvalles Avenue  -  the west end destination avenue!

Roncesvalles Village is brimming with life and rich, diverse culture, and with a quaint mix of trendy restaurants, coffee shops, convenient stores, and furniture shops, the Robert Watson Lofts is poised to be Toronto’s new Queen West.

You owe it to yourself to experience first-hand the neighbourhood of Roncesvalles Village, a vibrant expanding district in Toronto’s new urban tapestry where you can enjoy life in the unique environment provided at the Robert Watson Lofts.

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Contact the Jeffrey Team for more information - 416-388-1960

High Park Lofts

February 13th, 2008

A Project of Epic Scale

Anyone who has started out to do a little renovating will understand that such things tend to take on a life of their own. The High Park Lofts project takes this familiar tale to an ‘epic’ scale.

Part of the site was occupied by the former St. Jude’s church. Since being deconsecrated many years ago, the buildings experienced an unblessed career of transient tenants who gradually stripped the property of interesting features and materials.

Because the enlarged site occupies a significant and unusually shaped lot overlooking the intersection of Howard Park Avenue and Roncesvalles Ave., there was an opportunity to do something architecturally interesting. After nearly a year of redesign and local consultation, an extraordinary building concept was created.

The developer’s three main guiding principles were:

1) take advantage architecturally of an interesting ‘flatiron-shaped’ site at an intersection that could become the focus of the Roncesvalles Village neighbourhood

2) tastefully blend into an obviously modern building the traditional and warmer elements of the neighbourhood as well as the reflecting the spirit of the original churches on the site

3) create a building that people will talk about and indeed come specifically to admire (an unusual twist in Toronto, alas)

Thus, the new High Park Lofts design is based on ‘cathedral’ building form, with a soaring tower and a breathtaking central ‘nave’. The tower, which anchors the south ‘point’ of the structure, is a timelessly Mondrian landmark, capped with 3 ‘classic town hall’ clocks framed in stained glass.

Along Roncesvalles Village, rather than the usual ‘condo wall’ of concrete, High Park Lofts terraces upward with balconies, inset terraces, and beveled glass solariums. The stonework of the base, the cornices and arches is a rich brown sandstone, while the upper facades are constructed of buff/cream limestone panels. The inspiration for the materials was found in the historic La Presse building in Old Montreal.

To further “open” the building to the neighbourhood, the entrance to the building isthrough a very grand, two storey glass-walled arch, which provides a unique “Alice in Wonderland” view of the most dramatic feature of High Park Lofts… the atrium garden.”

In this case, the word ‘dramatic’ is well-deserved. Soaring over 80 feet high, with a 120 foot long glass roof, the ‘nave’ of High Park Lofts further maintains the cathedral spirit by incorporating the gothic stained glass window of the original St. Jude’s Parish Hall. After being greeted at the grand arch entry by the concierge, residents and visitors will enter a lushly landscaped garden on the way to the glass-walled elevators.

The atrium is fully climate controlled and will be a permanently warm and cheerful oasis no matter what the exterior Canadian weather. In fact, many suites will enjoy both an exterior and an interior patio, allowing residents to relax in a garden environment year-round.

To do this, the building structure is an unusual skip-floor, split-level design. This also allows the suites to have windows - thus light - on both sides of the lofts. Resultantly the ambiance is more reminiscent of a townhouse than a conventional ‘tunnel-style’ condo apartment with the windows at one end only. Visitors to the model suite consistently comment that the innovative designs make the suites feel far larger than the nominal footage.

As an example, in a typical one bedroom and den suite, one will enter from the glass-walled corridor (overlooking the atrium) into a den/office. Those who work from home can thus meet clients, while still maintaining the privacy (and perhaps different housekeeping standards) of their personal space.

The den is also equipped with a built-in “Murphy Bed” to accommodate guests (without having to invest in an extra bedroom). Down a few steps is the spacious living room, with 12 foot high ceilings and a 15 foot wide picture window, with sliding glass doors to the terrace.

The open concept kitchen is ideal for entertaining, with its large granite-topped island counter, stainless steel appliances, generous cupboards, and gas fireplace (all of which are standard, not extra). The bedrooms are not only well-separated from the living area, but usually overlooking the - very peaceful - atrium garden.

Residents will no doubt enjoy many relaxing moments on their interior patio, especially during Canadian winters. Washrooms are finished in limestone or granite.

Many people would appreciate the maintenance-free benefits of loft-living but feel less inspired by the concept of waiting for an elevator (even the glass elevators at High Park Lofts). Perhaps they work from home and are concerned that a ‘normal’ high-rise apartment could seem unprofessional to clients and awkward for couriers.

High Park Lofts offers suites that offer both ‘townhouse’ format and condo convenience. Each of the main floor suites has its own distinct street entrance and address, as well as a private interior connection to the atrium, parking garage and delivery dock.

In order to ensure visual privacy from the street, the front of the suite features a large planter and raised porch (the entry door itself is at grade). From the porch - on which a resident may watch the world pass by - doors open into the kitchen, which is also raised and overlooks the interior living room.

Although passers-by cannot thus easily see inside, main floor suites enjoy easy street access and generous sunlight without having to keep the drapes closed. Main level suites may also install a standardized porcelain or brass sign.

A unique feature of High Park Lofts is that any resident can have a private roof garden, no matter what floor their loft is on, or what size. The roof of the building has been subdivided into individual lots, similar to parking spaces, and up to 25 feet deep. Each roof garden is equipped with a large planter box and a patio deck, as well as an insulated water connection and protected power outlet.

Low fences provide wind shelter while preserving views. A boardwalk ’street’ encircles the roof, illuminated in evenings. Because the elevators rise all the way from the parking garage to the roof garden level (with door direct to the loading dock) gardening supplies, patio furniture - and refreshments - are easily transported.

The roof garden level also features spacious outdoor barbecue facilities, from which one can enjoy a panoramic view of the downtown skyline and lake. Although in most condo buildings, the common area can be a rarely-visited and windswept desert of concrete pavers, the rooftop at High Park Lofts is a popular and colourful destination.

As well, from an environmental perspective, such ‘green roofs’ contribute significantly to the quality of the atmosphere as well as modifying urban heat waves.

Roncesvalles Village itself is one of the most appealing features of High Park Lofts. When choosing a loft location and building style, in Toronto, generally speaking, one has two choices:

(a) a massive high-rise in the downtown core, along the waterfront, or along an expressway

(b) a “more interesting” loft-style or low rise structure, which is unfortunately often located in a less well-serviced, if not somewhat isolated, location.

Rarely is a desirable and affordable condo located in a neighbourhood that offers real character, convenience, safety. Roncesvalles Village, however, is a long-established residential neighbourhood that offers corner grocery stores, fruit markets, delis and bakeries, excellent restaurants, lively clubs and pubs, local banks with real live tellers, a hardware store with staff who know where to find things, name brand coffee shops… even a repertory cinema.

Jog or walk your dog in High Park. The Dundas West subway station is just up the street, as is a large Loblaws store. A streetcar passes right by the front door and goes directly to King and Bay. By car, Parkside Drive provides fast access to Lakeshore Blvd. and the Gardiner Expressway. Significantly, recent media coverage has referred to Roncesvalles Village as “the next hot neighbourhood”. All in all, a pretty good lifestyle and financial investment.

Developer Harry Stinson has long been one of the most dynamic personalities on the Toronto real estate scene. As one of the first to convert office buildings and old warehouses into lofts, Stinson has been involved in such landmark and innovative projects as the Candy Factory Lofts, Knitting Mill Lofts, Grangetown, The Graphic Arts Building Lofts and the Victorian.

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Contact the Jeffrey Team for more information - 416-388-1960

Loft conversions boost neighbourhoods

February 11th, 2008

Creation of new communities is revitalizing when old areas are getting new residents

Excerpt from an article by Elvira Cordileone - Toronto Star

Have lofts become urban trailblazers for revitalization of older neighbourhoods?

Jeanhy Shim, president and editor of Urbanation, a publication that tracks the Toronto condo market, thinks so.

Lofts helped lead the way in creating new neighbourhoods in downtown, east and west,” Shim says, adding they are also helping revitalize such areas as the Junction, Roncesvalles Village and Leslieville.

One such example is Bloorline Lofts.

Bloorline Lofts was once a mattress factory. In fact, when construction started, crews unearthed metal springs buried all around the building.

The Toronto real estate agent who did the marketing for the Bloorline Lofts, says the conversion was finished years ago and the building has been registered. Converting old buildings into lofts took off in cities such as New York and Chicago 50 years ago, but has become big business in Toronto over the past couple of decades.

The first legal loft conversion in Toronto (at the old Dominion  Felt Works on 41 Shanly, near Dufferin and Bloor Sts.) didn’t take place until 1982 when the city finally realized older buildings were simply going to waste.

People who buy a loft in a converted building choose it because they want the character and uniqueness of the space, says Brdlik.

The larger marquee buildings, such as the Tip Top Tailors Lofts and the Toy Factory Lofts, have already been transformed, but he says the city still has a small supply of small to medium buildings ripe for conversion to lofts.

The Bloorline Lofts are hard lofts, units carved out of an existing, usually older building. (Hard lofts are considered renovations and aren’t covered by Tarion, the province’s new home warranty program.)

Once a mattress factory, the Bloorline Lofts project is helping to revitalize the Bloor Street West and Lansdowne Ave. neighbourhoods.

Shim says soft lofts - units in brand new buildings with the high ceilings, large windows and open-concept layouts of the genuine loft - came along after 1995, when the supply of authentic lofts was limited as the number of buildings that could be converted dwindled.

In general, lofts - both hard lofts and soft lofts - can cost twice as much per square foot as a typical Toronto condo unit. That’s because it costs more to convert an older building while maintaining its special character - which is its appeal - than it does to build from scratch, and the higher ceilings found in new soft lofts translates into fewer units than a comparable condo building, which drives up the per-unit price.

According to data provided by Shim, the GTA has a total of 230 new condo projects, with 48,000 units on the market. Loft developments (both hard lofts and soft lofts) account for only 10% of all projects.

But because they’re usually small with fewer units than the typical condo, lofts account for only 5% of available resale units.

Lofts in conversion projects do phenomenally well. They speak to certain types of people - mainly young professionals -with their openness, high ceilings and a bit of funkiness,” Shim says.

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Contact the Jeffrey Team for more information - 416-388-1960