Earlier this week, I wrote about the Charlotte Apartments in Berlin and tried to back into some of the numbers for the project. I wanted to compare the economics behind a mid-rise project in Berlin to one in Toronto.

After I wrote that post I forwarded it to Michels Architecture – who are the architects behind the project. I thought they might be interested in reading about my (crappy) back of the napkin type of assessment and I was also hoping that they might be able to shed some additional light on the details.

Well, they responded and graciously offered to do exactly that. So today I thought I would write a follow-up post with some additional details. I obviously don’t have everything – because they weren’t the developer for the project – but I still think you’ll find the information I got interesting.

The building has a total of 3 parking spots and they’re all on the ground floor (you can see them in this post in the second photo towards the right). They were for the penthouse maisonette/duplex units. This means that there’s only one level below grade and it’s basically for mechanical systems, storage, and waste disposal. So why does this matter?

It matters because it means lower construction costs and the ability to develop smaller sites where you may not be able to properly layout a parking garage without car elevators and other clever strategies. This is possible because, unlike Toronto, Berlin doesn’t have any parking minimums or maximums. 

With respect to unit sizes, the penthouse units are 135 square meters or 1,453 square feet which, according to the architect, are small. From the 2nd to 6th floor, there are 4 units per floor and the sizes are 37 sm / 398 sf, 65 sm / 699 sf, 68 sm / 732 sf, and 81 sm / 872 sf. On the ground floor there are 5 units and they’re at 34 sm / 366 sf (x 2), 42 sm / 452 sf, 45 sm / 484 sf, and 76 sm / 818 sf. I would say that this is comparable to what you might find in a downtown Toronto condo project. Side note: Apparently the smallest units sold the quickest.

As of December 2011, the average sale price was 4,120 € per square meter. At today’s exchange rate, that would convert to $5,815 per square meter or $540 per square foot (in Canadian dollars). If we translate that into 2014 dollars, that’s about $575 per square foot, which would be low for prime locations/buildings in Toronto.

A big thanks to Michels Architecture for providing this additional information. It’s always great to get local insights. I hope you all enjoyed it – happy Friday.

Images: Werner Huthmacher

Every now and then a piece of architecture comes along that makes you feel like your city should be more beautiful – or at least very least: bolder. In this case, it’s the new Market Hall in Rotterdam, which has been making the rounds on the internet since it opened last week. It may not be everyone’s cup of tea, but I find it really exciting.

Designed by Dutch architecture firm MVRDV, the Market Hall is a 1.1 million square foot mixed-use building consisting of residences (102 rental apartments and 126 for sale apartments), a food market, a supermarket, a public space, and a 1,200 stall parking facility. But before I say anymore, here's the money shot:

And here’s what it looks like from the inside of the market:

In the middle of the building is the food market. At night when it closes up, it then becomes a well-lit public space. The entire central area is enclosed, but well connected visually to the outside through a big and fancy glass facade.

The apartments wrap the central market and were constructed using standardized modules (despite the unique form). The spaces that require natural light face outward and all the spaces that do not require natural light (by Dutch law), such as the kitchens, face inward towards the market. 

There’s a grocery store 1 level below grade (to help supplement the market) and all parking and loading is done underground. This means that the building itself has no real backside. Most buildings typically have an ugly loading and “back of house” area – the building’s ass if you will. In this case, the entire perimeter of the building is urban and accessible.

Finally, on the ceiling of the market is a massive mega-mural designed by Dutch artists Arno Coenen and Iris Roskam. Click here for a 360 degree panorama. It’s wild. 

So what do you think of this building? Would you like to have it in your city? And would you consider living in one of its apartments? I would.

Images: MVRDV

Below was the scene at the DUKE Condos site in The Junction last Saturday morning at 7:00AM. Michael Bros. mobilized their equipment to begin site preparation so that shoring and excavation can begin. The plan is to be at the bottom of the hole by the beginning of next year.

We’re all very excited in the office and so I half jokingly told our VP Construction that I would meet him on-site at 7:15AM with beers. He responded with a one word email saying: champagne. In the end, I decided to go swimming instead (probably a better decision), but I am sure we’ll have a drink soon.

There are still some killer suites available at DUKE, so feel free to drop into the sales office at 2800 Dundas Street West, give the sales team a call at 416-800-7738, or tweet the TAS team with any questions.