In May 2011 the developer Cressey released the opportunity to buy into its MADDOX property. The building has its presentation centre that shows the layouts, building model and overall unit quality, located at 725 Rolston Crescent (one block east of Howe and Drake). The centre showcases a beautiful 1 bedroom show home as well as two displays from their Platinum Collection. The slim 32-storey tower will feature striking vertical bands of terra cotta tile which serve both an esthetic and utilitarian purpose, that is only one of many features showing off this meticulously thoughtout building. Dubbed the Granville Loops plan, it will connect Beach Avenue to the old Expo lands. There are currently plans to build an approximate 45,000-square-foot commercial market in the neighbourhood, like a mini-Granville Island. I’m very excited for this because it brings value, not only for the people but the properties as well.
This area will see more developments popping up over the next 5 years with some being ultra-high quality and hold a corresponding price tag. This means for owners of the $600 to $700 per square foot MADDOX property, their investment will go far. Whenever towers get grouped together based on their age and location, they tend create a sub-market and in turn build a ‘trend’ for that small community, especially with a commercial market to be built. The property shows a promising future.
I have taken some pictures of the presentation centre including floor plans and their 1 bedroom suite. There are currently 9 units left in the building, starting from $389,900 and for lower level units the developer is offering incentive plans to help cut costs.
If you or anyone you know may be interested in viewing the unfinished concrete building, I will have the opportunity to have a walk-about and give any perspective buyer the chance to envision their next dream home.
▪European kitchens with cabinetry from Armony Cucine
▪Parking included in every home
▪Great downtown location in an emerging neighbourhood
▪Trusted Cressey construction