Rolling off the unprecedented success of University Studios, Podium Developments and Building Capital are getting ready to launch University Towns, a new collection of SmartTowns™ and large condo units in Oshawa.
University Studios sold so quickly due to the strategic location minutes from Durham College and the University of Ontario Institute of Technology (UOIT), and the innovate design of the SmartStudios™ that featured appliances, furniture, and fold-up beds that doubled as dining/work surfaces.
University Studios, a student-focused condo development with investor appeal in the higher-learning hub of Oshawa, has sold out within months of the project’s launch.
“The quick sales result comes from the nearby campuses,” said Saqib Qureshi, a partner at Building Capital, which alongside Podium Developments is bringing University Studios to the market.
At the beginning of this year, we announced that investors were showing a high amount of interest in Building Capital and Podium Developments’ new condo, University Studios in Oshawa, thanks to the innovative SmartStudios™. Well, it seems like the interest was even higher than we thought because the condo is completely sold out!
When Phase 1 opened, it only took two weeks to sell out. Then Phase 2 opened and it sold out in just two days! So why would a mid-rise, contemporary condo sell out so quickly in Oshawa? Because of the rising land values and the building’s close proximity to two post-secondary schools.
As a testament to the pressing demand for student housing in proximity to the University of Ontario Institute of Technology (UOIT) and Durham College in Oshawa, units have completely sold out for Podium Developments and Building Capital's University Studios. The first phase of the 8-storey Wallman Architects-designed student residence sold out in just two weeks, followed by the final phase, which sold out in an astounding two days.