Tableau Condos vs. STUDIO – Richmond’s two newest Condos – who wins?

In the coming weeks we are going to have the launch of two major projects off Richmond – "STUDIO on Richmond" at Richmond and Duncan and "TABLEAU" at Richmond and Peter. The King West neighbourhood has seen a lot of new developments launching the last few months, and as a result we have been told that Tableau will be priced "Very Well" (Source: Hunter Milborne). Just a couple of blocks south, Bisha is currently selling for approximately $750 per square foot, around the corner from the Mercer selling at approximately $650 per square foot, just south of Festival Tower selling remaining inventory at approximately $775 per square foot with the upcoming launch of Cinema Tower thrown into the mix it's difficult to know where to start.

I was very excited about STUDIO, however, early indication tells us that they will be priced around the $600 per square foot mark (I was hoping for around $550) for an occupancy in 2013. Enter Tableau – early indication tells us we are looking around $550 per square foot making it the best priced new development in the area. In addition, the developer "URBAN CAPITAL" have an excellent track record in the city, having recently completed the popular "BOUTIQUE" condos on Nelson Street, and more recently "Nicholas" and "River City" have been very successful projects with great architecture. Occupancy is tentatively slated for 2014 giving investors an additional year over Studio for their deposits to keep working for them.

As of today I have not seem floorplans for Tableau (but have them for Studio), but based solely on the numbers and track record of the developers I give the edge to Tableau for investors.

Here is my HEAD TO HEAD of Tableau vs. STUDIO.

	Tableau	STUDIO	Verdict
PRICE	Expecting around $550 per square foot	Approx $575-$625 per square foot	Tableau
OCCUPANCY	Fall 2014	Fall 2013	Tableau (For investors wanting their money to work longer)
DEPOSIT STRUCTURE	15% in 9 month, 5% in 2013	15% in 6 months, 10% on occupancy	Tableau.
DEVELOPER	Urban Capital (Boutique, Nicholas, River City)	Aspen Ridge (The Vu, 77 Charles)	Tableau – I give the slight edge to Urban Capital based on personal preference on the designs and floorplans of their recent work
VIP PERKS	Currently Unknown	Currently Unknown	Push

As of today, information is still scarce. Based on what we known I am giving the edge to Tableau as the better investment over Studio. Of course, this could change very very very quickly once more information becomes available.

Both STUDIO and Tableau are entering their VIP stage and there will be a lot of information coming through on these awesome developments in the next few days. If you want to be the FIRST to know and get details fill out the form below and a member of our team will contact you ASAP. Alternatively you can sign up to our Newsletter and get the info straight to your inbox for all new VIP events in the city.

Interested in other great developments in Toronto? Click Here for our list of major developments currently selling to VIP agents. Other HOT Developments: Tableau | Studio | The Mercer | Chaz on Charles |Bisha

TABLEAU IMAGES

STUDIO IMAGES

About the Author

Roy Bhandari

Roy is the younger of the brothers and has a sound knowledge of the marketplace. He excels in marketing, design, and advertising having graduated with an Honour's Degree in Marketing Management. Marketing is an important aspect of any business, but effective marketing drives consumers and sets you apart from everything else. It is imperative that you have someone that understands the theories and techniques so you can take advantage of the competitive edge.