Liberty Market Tower on the Rise as New Incentives Offered

A 16-year redevelopment of the six-acre Liberty Market complex in Toronto’s Liberty Village neighbourhood has entered its third and final phase, with the ongoing construction of Lifetime Developments‘ Liberty Market Tower. The final addition to the site is a 28-storey Wallman Architects-designed mixed-use tower which will bring 281 luxury condominium units as well as office and retail space to the site on East Liberty Street.

We last checked in on construction four months ago, when Lifetime was launching sales for the already underway project, as the uppermost level was being formed for the building’s 3.5-level, 298-space underground garage. In the months since, construction has advanced considerably, with crews now forming the fourth floor of the building’s eight-storey podium.

Construction at Liberty Market Tower, image courtesy of Lifetime Developments

Views from the top of the rising podium show forms in place for the fourth floor, as crews lay out rebar and electrical conduits in advance of a concrete pour. Vertical clusters of rebar mark where the previous floor’s supporting columns will connect with the fourth floor columns.

Construction at Liberty Market Tower, image courtesy of Lifetime Developments

Concrete is already in place for sections of this level, with floors in place as well as the first walls and columns.

Construction at Liberty Market Tower, image courtesy of Lifetime Developments

As construction progresses, Lifetime is offering limited time incentives to drive sales, including adjusted deposit structure timelines that give purchasers more flexibility, and bonuses including a storage locker, reduced parking price, credit on signing, and 4% and 5% commission for one-to-two-bedroom and three-bedroom units respectively.

Occupancy is currently targeted to begin in August, 2021.

Source: Urban Toronto