Liberty Market Tower Progressing as New Penthouses Incentives Offered

Liberty Market Tower Progressing as New Penthouses Incentives Offered

Over 15 years into Lifetime Developments‘ redevelopment of the six-acre Liberty Market Complex in Toronto’s Liberty Village neighbourhood, the third and final phase is now rising with the Liberty Market Tower. The 28-storey, Wallman Architects-designed project began construction in late 2018, and roughly two years later, the tower is racing skywards to an approximate 100-metre height above East Liberty Street.

We last checked in on construction in early September, when the final areas of the eight-storey podium were being formed and the first exterior finishes had recently been applied. Over two busy months later, and both the forming and cladding installation have made significant progress.

Clear of the podium levels, the smaller tower floor-plates are now being formed at a much faster rate. In just two and a half months, the floor count has more than doubled, now standing 17 storeys tall. The brick-embedded precast panels that had begun to cover the podium in September have since been joined by window wall with dark spandrel panels and mullions accenting the glazing, and are now installed as high as the seventh floor.

Looking west to Liberty Market Tower, image by Forum contributor Red Mars

With forming of the building now over halfway to the top, and topping out expected within a few months, Lifetime is placing a new focus on the marketing of the tower’s penthouse levels. Current limited-time incentives for penthouse units are offering $5,000 on signing, balance of 5% in 30 days, 5% in 240 days, and 5% on occupancy. These deals include $15,000 credit on closing for all one-bedroom penthouse units, and $20,000 credit on closing for all two- and three-bedroom penthouses.

Looking south to Liberty Market Tower, image by Forum contributor Red Mars

Liberty Market Tower will eventually top off at 99.97 metres, boasting 281 luxury condominium units in a range of layouts, while office and retail space will be found on lower levels. The first occupancies are targeted for mid-to-late 2021.

Liberty Market Tower, image courtesy of Lifetime Developments

You can learn more from our Database file for the project, linked below. If you’d like to, you can join in on the conversation in the associated Project Forum thread, or leave a comment in the space provided on this page.

Source: Urban Toronto