‘Riverstone Condos’ was to be a 10-storey building on Wilby Crescent, just off Weston Road, south of Lawrence. Many people put down deposit money back in 2013 in the hopes of getting an affordable condominium apartment in a beautifully designed 10-storey building overlooking parkland and the Humber. Hopes were dashed when the project fell through as prices were considerably higher in the proposed Riverstone than for existing condos on nearby Hickory Tree.
A year later and the project became 21 storeys and 235 units.
Now, according to Urban Toronto, a public relations organ for the local real estate and development industries, it’s going to be 22 storeys with 233 units. The article states rental units (not that there’s anything wrong with rental) however, Options For Homes confirmed that the units will be condos and not rentals.
Stay tuned. This may not be the final version.
Finally, last time we wrote about changes in the building design and height, Options For Homes sales director, Mary Pattison wrote the following and we’ll give her the last word:
Hi – this is Mary from Options for Homes. I would be more than happy to tell you why I’m so proud to work at Options for Homes and why I think this new building will be a positive addition to your neighbourhood. Please reach out directly at [email protected]. In the meantime, it’s helpful to understand two things:
1) We make home ownership affordable, not “affordable housing” (in the way that I think you’re referring to) Over the past 24 years we’ve often been at the forefront of the revitalization of neighbourhoods (eg. Distillery District, The Junction). We help middle-income Canadians (HHI 40-90K) with down payment support to accelerate home ownership dreams and ensure we combine that with the lowest maintenance fees in the city (about .46 a square foot presently).
2) The changes to the design are a function of increasing construction costs (due to demand) and development charges that have more than doubled in the time it’s taken to get the project approved by the city. We agree that it was lovely and we’re very proud of the new design as well.
We’re also proud of this video that shows many of our buildings and you can judge four yourself if this is what you think of when you think “affordable housing”