LTD [Malibu] | Proposed | 15 st | ??? m | Downtown

[current]

The article is from the Condo Guide Magazine:

Malibu Investments introduces two new developments

Malibu at Harbourfront, the spectacular project rated as delivering some of the best value on the central waterfront, is now zooming towards completion. Buyers are celebrating, and move-ins will begin early next year.

But moving in does not mark an end to Malibu’s success story. There is a new beginning about to happen. Malibu Investments, the company behind the project, has announced a pair of new projects, each one celebrating a different lifestyle and each one an eye-catcher.

“What we are doing is creating tremendous excitement among condo buyers in two highly prized neighbourhoods,” says Terry Lustig, the company’s Development and Marketing Manager. “Tremendous thought has gone into each of them. Our goal was to create condo communities where life just begins at your suite front door.”

The first is called LTD (it stands for Lakeshore to Downtown), an imaginative name for an innovative 15-story boutique residence of less than 200 suites. Situated just north of Malibu at Harbourfront facing lower Bathurst Street just north of Lakeshore Boulevard, what LTD offers is a chance to be part of both the waterfront and the bustling downtown west scene without the traffic, noise and turmoil.

“It is an alternative to almost everything else in the *neighbourhood,” says Lustig. “It offers the perfect option for those who don’t want a high-rise, who don’t want to be surrounded by the hubbub of being right in high-traffic areas, but do want to have everything great downtown Toronto offers within a few minutes walk.”

LTD promises to be an architectural gem. Architects Alliance delivered a design that blends the brick and huge windows of old Toronto warehouses that make up the lower podium with a soaring mid-rise. Balconies come with almost every suite; some even feature terraces.

Ground-floor units are designed as live/work spaces and boast private patio walkouts. The suites will range from 500-sq.-ft., one-bedroom suites to two-bedroom with a den units measuring in at about 1,000 sq. ft. Yes, there will be the expected amenities but one of the main draws is the superb location, says Lustig.

To register and maybe get a sneak preview, call 416-601-2223 or go to www.ltdcondos.ca.

The second new project from Malibu Investments is called Gramercy Park after the New York City neighbourhood of the same name. This Gramercy Park, however, is a stone’s throw from Yorkdale shopping centre, just west of Bathurst and steps to the Wilson subway station....

To register for Gramercy Park call 416-703-2202 or visit www.gramercypark.ca.

http://www.newhomesandcondos.ca/modules/magazine/article.asp?AID=5690&MID=4&IDATE=10/1/2007&CMID=4&CIDATE=10/15/2007

[current]

From the latest Condo Guide magazine and photos of the site taken February 9.

http://www.newhomesandcondos.com/content/4/20080204/A1_7312.jpg
LTD – Lakeshore to downtown, steps to all the city has to offer

The phrase may sometimes seem beaten to death, but when it comes to getting the most out of life in Toronto, it rings as true as ever. Enjoying the best of what this city has to offer is truly all about location, location, location.

That is where LTD, the newest Harbourfront project by Malibu Investments, stands among the best. It offers an ideal balance between the easy access to downtown’s delights and yet offers that measure of distance to offer a respite from the bustle of street life.

There is another advantage as well. LTD is more of a boutique-style condominium. It is a place that treasures privacy and discretion, and yet allows you to get to know your neighbours.

“Our goal from the start was to create an alternative at Harbourfront,” says Rony Hirsch, Malibu President. “There are those who don’t want life at centre stage. They want to be able to walk to the things they love but then, at the end of the day, they want to be able to retreat to their own quiet space, a home set just that important measure apart from the hurly burly of downtown streets.”

Malibu offers all that, and more. There are just 187 suites in its 15 stories, and all represent the same incomparable value as Malibu Investments’ other projects – Malibu at Harbourfront and Gramercy Park in North York.

The suites range from junior one-bedrooms to two-bedroom-plus-den homes. Ground-floor units are designed as live/work spaces and boast private patio walk-outs. These two-storey lofts feature two bedrooms, two bathrooms and huge windows. Prices for the 187 units start from the $190,000’s and range up to more than $400,000 for the exquisite penthouses.

“It is an alternative to almost everything else in the *neighbourhood,” says Hirsch. “It offers the perfect option for those who don’t want a high-rise, who don’t want to be surrounded by the hubbub of being right in high-traffic areas, but do want to have everything great downtown Toronto offers within a few minutes walk.”

LTD suites offer a touch of luxury with nine-ft. ceilings, granite kitchen counters and wood veneer flooring, all standard features in every suite.

That celebration of city life starts at home. LTD offers a fully equipped exercise room, a home theatre, party room, billiard room, boardroom and guest suite. The indoor lounge with fireplace and espresso bar opens onto an *outdoor podium terrace to provide the perfect hideaway for catching the morning and afternoon sun. For outdoor *entertaining, there is an outdoor kitchen with a barbecue.

As a special treat, once dusk falls there is a giant outdoor screen for watching first run or classic movies – your own outdoor theatre by the lake.

But the incomparable advantage of life at LTD has to be its location. Need to stock the pantry? There is a new *grocery superstore coming right across the street. Fancy some exercise? The Martin Goodman Trail is at your doorstep for walking, jogging, roller blading or cycling, as are a number of green, treed city parks.

The Air Canada Centre, Rogers Centre, The National Trade Centre, the Canadian National Exhibition, Old Fort York and Harbourfront are all neighbours.

There may be no easier location in downtown that offers so many transportation options. The TTC stops at your door, while Lakeshore Boulevard and the Gardiner Expressway are minutes away. For those needing to *commute to places such as Ottawa and Montreal on a *regular basis, the Island Airport is within walking distance.

There is not enough space here to list the delights so *readily available to LTD residents: Live theatre on King Street, too many restaurants to count on King and Queen, bistros, boutiques, night clubs, all at your beck and call.

To register for LTD, call 416-601-2223 or to get a sneak preview go to www.ltdcondos.ca.

http://www.newhomesandcondos.com/modules/magazine/article.asp?AID=6170&MID=4&IDATE=2/4/2008&CMID=4&CIDATE=2/4/2008


Photos taken February 9 from under the Gardiner on Bathurst looking south at the LTD site next to Malibu with the Tip Top Tailors building visible on the right.
http://farm3.static.flickr.com/2397/2253165827_d48a372fda_b.jpg

Looking west with the West Harbour City crane visible in the background and the Waterparkcity towers to the right.
http://farm3.static.flickr.com/2271/2253165831_1553b45e7a_b.jpg

[NotPaid2Lie]

BUYERS STAY AWAY FROM THIS COMPANY-BUILDER!
We have be waiting for 3 years for the "magnificent, award wining, the creme de la creme building". It is one of the worst builders you can imagine. Holmes on homes, would have filed trip! They are playing with your money and hide behind lawyers and their laws. They are deliberately making people move in pay them "rent" until registration of the building, they are making 5 appointments per day so they are guaranteed rent money for 6 months or more! This "rent" is because you dont own the unit, that's right you dont! they charge you condo fees but the pool,juice bar, hallways, common areas... are not even done. Property taxes as well, but its not your unit why would you paid property taxes....hmmm oh yeah the builder owns it and so he cant loose money! Money grows on trees for this company. The structure and the way they finish everything is a complete joke! not completed, finishes were 1/2 done. I can suggest you research your builders before you sign your documents. Look at what they have built and go to the previous buildings and talk to people who bought from builder. Dont look at the really nice pictures and the life style they sale. Cause thats what they focus on. As long as they get paid, they would draw heaven, (what it "would" look like) not the real monkey!

[KGB]

They are deliberately making people move in pay them "rent" until registration of the building This "rent" is because you don't own the unit, that's right you don't!

Uh...this is common knowledge and is normal procedure. If you haven't closed on the unit because the condo corp is not yet registered, but are moving in, what do you expect...to live there for free?? In all likelihood, the City is the one at fault here being slow with the registration, as the developer would much rather have your cash than your monthly rent.


Property taxes as well, but its not your unit why would you paid property taxes....hmmm oh yeah the builder owns it and so he cant loose money!

Everybody who rents pays property taxes...it doesn't matter if the amounts are inclusive or separated.

My impression is you are someone who bought a spec condo without doing your homework...otherwise these things wouldn't be such a big shock to you at this point in the game.

Also, your first post being this kind of rant smells of SPAM.


P.S. ....at 15 floors, doesn't this technically belong in the High rise section?




KGB

[Dream Brother]

What is Lisa Loeb doing on that ad?

[NotPaid2Lie]

KGB-Let me take 45k from you and tell you to trust me(sign a "legal" document)to deliver (do my work, as a professional builder and complete my work on time) a condo on this date. Then repeat this for 12 times. Then tell me how you feel.
You say its "standard procedure" well, please tell me who benefits? You are paying rent for something that you paid for. "It's the city that's too slow".
Developers who are experienced at registering condominiums may be able to obtain registration in a very short period of time, often in under six months from the time the first home is occupied. The builder has to get 80% occupancy to register the building. The city doesn't organize people to move in. This builder is very dishonest and has done a poor job. I have the proof of that. After buying a home from North Star Homes, (a real builder) I can compare. You say I didn't do my homework, I call it lack of work ethics.

[yyzer]

actually, NotPaid2lie....KGB is absolutely correct....interim closing is an established procedure in the province of Ontario....perhaps you should have done a little more research before buying?

[KGB]

You say its "standard procedure" well, please tell me who benefits? You are paying rent for something that you paid for.

Well, you didn't pay for it at all. You paid for the "right" of first purchase on a yet to exist piece of real estate.

The developer doesn't want to delay your possession...he benefits best by closing as soon as possible, which is the only time whatever profits he expects to make are realized. The nature of the business dictates that this is rarely a "best case scenario" situation. Some of it can be attributed to incompetence on the part of the developer...many times it is things beyond their control. That is why the laws allow for this leeway. If it didn't, the industry would fold, or they would have to charge waaaaay more money to account for unknown circumstances. Either way you would still lose...this is best way to handle it.

I understand you are frustrated because things have not gone as planned. But they rarely do, which is why "buyer beware" is the best policy when purchasing speculative real estate....otherwise, stick to resale.




KGB