This Toronto condo developer plans to sell units for $2,500/sqft.

Original article via Toronto Storeys. Click here to read.

When a Toronto condo is selling for more than $1,000 per square foot it’s enough to make headlines. So how about units priced at close to triple that?

Toronto developer Lanterra plans to launch sales at its Yorkville high-rise project 50 Scollard Condos in the $2,500-to-$2,800 per-square-foot range, a source with close knowledge of the project tells Toronto Storeys.

The 41-storey tower, located on the northeast corner of Bay and Scollard Streets just south of Davenport Road, is a boutique high-rise with 64 condos. The smallest units measure 2,500 square feet.

That would peg the starting price at 50 Scollard at around $6.25 million.

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