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New in Toronto real estate: Fabrik Condos

Posted by Robyn Urback / February 21, 2013

fabrik condos torontoFabrik Condos is a new Menkes development poised to to arrive in Toronto's Fashion District by 2015. This project will undoubtedly break the real estate mould, if primarily just because it spells "fabric" with a "K." (Sort of like how kids used to spell "cool" as "kewl" back in the days of ICQ, right?) This project will rise 16 storeys tall, complete with over 170 units and a pet spa on its main level. Here is a closer look at Fabrik Condos.

SPECS

Address: 431 Richmond St West

Floors: 16

Total number of units: 174

Elevators: 2

Types of units: Studio, one bedroom, one-plus-den, two bedroom, two-plus-den, three bedroom

Unit sizes (in square feet): 424 -825

Ceiling heights: 9'

Prices from: $300,000

Parking: $42,000 (for select suites)

Maintenance fees: $0.55 (+hydro)

Developer: Menkes

Architect: Giovanni Tassone

Interior Design: Giannone Petricone

Amenities: Lounge, concierge (8-hour), pet grooming area, theatre room, guest suite, games room, outdoor terrace, fitness room, party room

Expected occupancy: July 2015

fabrik condos torontoTHE GOOD

What is this — 16 storeys?! That's basically a midrise by downtown Toronto standards. Richmond Street and area is already slated to welcome a collection of 35-, 40-, and 50-storey towers, so it's somewhat refreshing to see a project that keeps to less than 20 storeys. That said, Fabrik will be pretty tall compared to immediate Richmond and Spadina real estate, and will certainly have a more dominating sidewalk presence than the ghost of its former reservations-only past. As an aside — anyone still missing those $20 cocktails?

Height isn't the only bashful aspect of this new Menkes build. Pricing — at least for this area — has started off rather modestly at about $600 to $620 per square foot. Now, I recognize that by any other standard $620 per square foot is nowhere close to a steal, but compared to most of the other (grossly overpriced) new condos in the Fashion/Entertainment/Queen West area, Fabrik pricing isn't all that outrageous. Fabrik has also kept unnecessary amenities (with the exception of its much touted "pet spa") to a minimum, reducing the risk of skyrocketing maintenance fees once operating costs are made clear.

fabrik condos torontoTHE BAD

Fabrik, like so many new downtown Toronto condos, seems to have crammed as many suites as possible onto each of its resident floors. The symptom of such congestion, of course, is that some units become awkwardly arranged such that kitchen appliances are relegated to corridor areas and bedrooms exist with access to natural light. That is, some suites. Many of Fabrik's one-plus-den arrangements are actually quite acceptable (dare I say — pleasing?) with fair-sized balconies and dens that could function as autonomous spaces (as opposed to "nooks"). Finishes, still, are not exactly top-of-the-line, with laminate flooring as standard and that "lofty" 9' floor measured from unfinished floor to unfinished ceiling. Not terrible, mind you, but not laudable either.

The other Fabrik drawback is not necessarily a comment on the condo itself, but rather, its effect on the retail and architectural diversity in the area (I know, I know). Not that Fabrik is the first development to seize prime real estate and turn it into a five-year-old "coming soon" sign, but it is, nevertheless, somewhat of a shame to see a corner that once offered something to everyone become essentially invisible to all but its residents. Then again, 431 Richmond Street only offered something to you if you had a reservation.

fabrik condos torontoTHE VERDICT

Maybe I miss Goodnight after all...?

What do you think? Would you live here? Add your comments to the thread below.

Read other posts in this series via our Toronto Condos and Lofts Pinterest board

Discussion

15 Comments

iSkyscraper / February 21, 2013 at 08:42 am
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Honestly, it looks quite nice in terms of massing. And at least it is not named after something in New York.

Not sure what your problem is with condos taking over downtown real estate. I grew up in a Toronto where the downtown had some interesting places, sure, but was also a sea of parking lots and bleakness. This building is not on the Spadina corner, which will keep its little retail building. It's a good use for its site. Any other city on the continent (except perhaps Vancouver) would drool for a building like this showing up downtown, or anywhere for that matter. Toronto is a bit spoiled by comparison -- too many condos is an awfully nice problem to have. Live in another city for a few years and you'll realize this.
Dueglass / February 21, 2013 at 08:54 am
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"This project will undoubtedly break the real estate mould, if primarily just because it spells "fabric" with a "K."; ""

Really? This is the best you can do? Just another bland condo building but this is really different -- it spells fabric with a K. A sure winner there.
steve replying to a comment from iSkyscraper / February 21, 2013 at 09:00 am
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I have been unable to get a decent answer to the 'another condo' or 'we have too many condos' Nor is there much knowledge that most of these condos are going up on already vacant land,the occasional clearing of land is displacing building of little or no significance.
From the 'burbs replying to a comment from steve / February 21, 2013 at 09:40 am
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People complain both about suburban sprawl and downtown densification. Yeah, complain about the style, quality, and pricing of the condos but people complaining about the condos themselves is absurd.

The only real issue is the lack of an adequte transit system but that's an indictment of the people who have run this city for the past couple of decades and not the condos.
matts replying to a comment from Dueglass / February 21, 2013 at 09:46 am
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Google "sarcasm"

Read definition

Re-read the sentence you quoted

See?
jonnny boy / February 21, 2013 at 09:48 am
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If the smallest unit is 424sf and the smallest price is 300,000 the price per s.f is a little over 700. An 825sf 3 bedroom sounds rather insuferable to me, but at 625k w parking Torontonians will eat them up.

Don't bother visiting the sales center, they are likely all sold already!
Cynthia / February 21, 2013 at 10:06 am
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Still looking for good family-friendly condos (i.e. REAL three bedrooms, not 2+1s disguised as 3s) in the city. So. Hard. To. Find.
JLL / February 21, 2013 at 10:16 am
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An 825 sq. foot 3 bedroom condo? I'm good.
Alex / February 21, 2013 at 10:37 am
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It looks really nice, but I'm not living in a building that encourages pets. It's good that they have a building like that though, so a lot of pet owners can live there and people who aren't fond of pets know not to live there.

How do you fit a 3 bedroom in 825 square feet though? That's absurd. It sounds like they made some good floor plans, and then squeezed in the rest.
TOBlogTrash / February 21, 2013 at 10:51 am
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I've read the condo brochure; it looks very cool and the lack of a water feature (pool, etc.) or full-time concierge means lower monthly fees; that's a good thing. One of RU's nicer reviews; she must be going on vacation soon.
Me replying to a comment from TOBlogTrash / February 21, 2013 at 11:28 am
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She read the brochure too, and as usual put the pictures here and called it an "article". yeah, she must have been in a rush, or maybe she's getting bored with the whole Hipster/"edgey" thing.....
Bobo / February 21, 2013 at 12:00 pm
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About two thirds of the above individuals are spelling-challenged.
Pasquale Belfrutto / February 26, 2013 at 03:28 pm
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I can Agree with the fact that many condo's do try to overfill the condo with units to get more money.
New Toronto Condos / March 1, 2013 at 10:22 pm
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Nice to see a Toronto condo really focusing on the "people with pets" demographic. it's a demand that is needed here and there as an option. the amenities of this condo look great
Christine replying to a comment from Cynthia / September 6, 2013 at 04:46 pm
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You might want to look into Garrison Point, a new mixed use community coming to Toronto. The idea is to build a real variety of suites, with a variety of condo and neighbourhood amenities, as well as cater to families. See garrisonpoint.ca. We are so looking forward to their launch.

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