Lifetime Developments' new project at Bathurst and Dupont, Oscar Residences is the latest in builder’s impressive list of GTA projects on the go
February 19, 2021
As we begin to emerge from a tougher year, all eyes are on the Toronto condominium market to see how it will perform over the coming months. Leading economists, financial analysts and developers alike all stated their predictions on the market and what they expected to see, and the sentiments have been positive and optimistic: Torontonians are heading in the direction for an active, busy and strong spring, summer and fall.
As a family-run business with more than four decades of experience in the building and development space, Lifetime Developments is no stranger to ebbs and flows, recessions or market blips. While this pandemic has truly been unprecedented, the development group has learned from history and uses its experience of developing more than 7,000 homes over the last 10 years, to adapt to evolving market needs, timing their releases for when buyers and investors will be ready.
“Toronto’s reputation across the world is unparalleled,” says Brian Brown, principal, Lifetime Developments. “Not only do we have more cranes in the sky than most active markets in North America, we also can be proud of our stable banking system, low borrowing rates and strong immigration numbers. Paired with the roll-out of a widespread vaccine, the market in 2021 in Toronto will prove to be one that we are very pleased with.”
This spring, Lifetime Developments will be presenting its latest project: Oscar Residences, Toronto’s premiere address at Bathurst and Dupont. Located in the eclectic Annex neighbourhood at 500 Dupont St. W., Oscar Residences will be an intimate boutique building with 157 suites offering one-, two- and three-bedroom units, ranging across nine storeys. Lifetime has worked thoughtfully with partners Mason Design and Turner Fleischer Architects on a sophisticated and bold design that will cater to its residents, featuring sleek, multi-use amenity spaces such as an outdoor terrace, a resident’s lounge, chef’s kitchen and dining area, fitness centre and dog social lounge. As with all its projects, Lifetime is working with an artist collaborator on the launch – this time, with iconic Canadian photographer George Pimentel, renowned for his documentation of celebrities and power players at the world’s most exclusive A-list events including The Oscars, the Golden Globes, TIFF and more. Registration is now open at oscarresidences.com.
Exciting incentives
In addition to Lifetime’s latest launch, the development group is also offering exciting buyer incentives for some of their other renowned projects that will take occupancy in 2021 and early 2022. Whitehaus, which had its first residents move in last month, rises 31 storeys at Yonge and Eglinton, in proximity to some of the city’s best restaurants, cafes and shops. Designed to encourage personal expression and breed creativity, the building features architecture by Turner Fleischer and interiors by Cecconi Simone, and delivers a vibrant artist studio, an event kitchen and outdoor lounge. With very limited inventory left, Lifetime is currently offering buyers lockers with all suites, zero development fees and more than $15,000 in additional incentives.
Liberty Market Tower, the 28-storey finale of a three-phased mixed-use community in vibrant Liberty Village, features 281 luxury residential suites, all with connectivity to the existing Liberty Market Building. With architecture by Wallman Architects and interiors by Cecconi Simone, LMT delivers more than 12,000 sq. ft. of indoor and outdoor amenity space offering residents incredible views overlooking both south of the city and Lake Ontario. For the handful of remaining units, which are slated for occupancy in late 2021, Lifetime is offering an incredible line up of buyer incentives – including a zero development fees, a free locker and parking with most suites, and more than $15,000 in cash back. An incredible opportunity to live in one of the most connected communities in Toronto, with a walk score of 96, a five-minute walk to both the GO station and the 504 King streetcar.
Panda, a 30-storey perfect mix of retail and residential located a short walk to Dundas Square, the Eaton Centre and Ryerson University campus, will take occupancy in late 2021. The black-and-white tower, a balance of yin and yang, offers just 560 units for those seeking unparalleled urban convenience, with architecture by Turner Fleischer and design by Cecconi Simone. With only five Penthouse suites remaining, buyers looking to invest will benefit from zero development fees, a free locker and parking with all suites and $15,000 in additional incentives – the perfect incentive to reside in a home where you can find everything at your doorstep.
Confident in 2021
Finally, in a project slated for 2022 occupancy, XO Condos, a 14-storey development at King and Dufferin, offers its residents stunning architecture at a bustling intersection where King West and Liberty Village connect. Those buying remaining units available in the building’s 307 suites, which feature interiors by Tomas Pearce and architecture by Turner Fleischer, will benefit from capped development fees, free locker and parking on all suites and $15,000 cash back with all suites.
In addition to the exciting projects listed above, Lifetime Developments has been hard at work finalizing zoning and starting applications for a number of projects to be announced shortly, including a second development at Yonge and Eglinton and other great neighbourhoods such as Yonge and St. Clair and River and Dundas. Lifetime is confident not only in the 2021 market, but in the future of development and real estate in Toronto.