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Think about condo design


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July, 2010

By Denise Lash

By now most purchasers are well versed on what to look for when buying- and know all about location, location, location and of course the right choice of amenities, but do they ever give any thought to architectural and interior design?
 

 

One of the most exciting developments in condo living is the recent emphasis we are seeing on architecture and interior design. Developers have been marketing to prospective purchasers using themes, usually based on a condominium’s location within the city, an obvious historical reference, or the prior use of the land on which the condominium is constructed. While these themes appeal to buyers, it’s rare that they translate into the design of the building or the units in any meaningful way.

But developers, perhaps motivated by the public’s considerable interest in the recent works of world class architects such as Canada’s Frank Gehry, are starting to look beyond simple themes to what I’ll refer to as statement buildings.

 

We saw the exciting private design competition for the construction of a landmark condo tower in Mississauga, now known as the Marilyn Monroe building. The six finalists selected from the 92 designs that were submitted all mark aesthetically pleasing departures from the usual, relatively conservative towers that we see sprouting up on construction sites in the GTA. Each of those entries were striking in their appearance and any one of them would leave a distinctive signature on the skyline. Those purchasers who will be condo owners in the winning design will acquire an interest in a unique piece of architecture and a statement address- in short, something more than just a condo. For those who appreciate architecture (and even for those who don’t), living in this kind of building will bring its own immediate psychic benefits. The impact of the striking architectural features on the future market value of the units raises exciting possibilities for both owners and investors.

And the benefits of architecture extend beyond the aesthetic appeal of the building and its relationship with the surrounding cityscape. Innovative architecture encourages innovative unit design and can lead to innovations in construction materials, all of which should benefit unit owners in the long run.

Developers and owners carrying out after-market renovations to their units are also starting to show an increased appreciation for the interior design elements of their units. While the renovation and design bug long ago bit traditional home owners, condo developers and owners have been slower coming to the trend. But that seems to be changing.  Today, interior designers as well as furniture and appliance makers have recognized the untapped potential of renovating small spaces and now offer a range of products and services well suited for the purpose.

Denise Lash is a condo lawyer with Heenan Blaikie LLP. She can be reached at dlash@heenan.ca or 416-360-3566.
 
 
 
 
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