Palace Place is Toronto’s most luxurious waterfront condominium residence, featuring every conceivable 5-star amenity, including valet parking, a private shuttle to downtown, and a Les Clefs d’Or concierge.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place, 1 Palace Pier Court, Suite 3407 – Just Sold in 3-days!
(Represented Seller and Buyer)
In these times of market uncertainty, it takes experience to get the deal done.
Luke Dalinda has almost 3-decades of encyclopedic knowledge in selling at Palace Place. Let him be your guide.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place, 1 Palace Pier Court, Suite 4010 – $999,000
Suite 4010 is a magnificent, renovated condominium residence, with approximately 1,395 square feet of living space, 2-bedrooms (both with windows), 2 full baths, and enchanting views of the lake, Humber River, High Park, and much more! This suite features beautiful floors throughout.
Contact Luke Dalinda now for your exclusive opportunity to tour this masterpiece!
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place, 1 Palace Pier Court, Suite 3501 – Just Sold for $2,650,000 (Buyer and Seller Representative)
In a world dominated by media doom and gloom over the state of the condo market, Luke Dalinda continues to demonstrate that he has the contacts, market insight, and experience to get the deal done. So, when condos take longer to sell, Luke Dalinda will not sit idle like most. Instead, he will go out and find the buyers himself. This is why he continues to be the #1 Top Selling Realtor at Palace Place and in Humber Bay Shores.
Call, text, or email me today to learn exactly what I bring to the table to help you to achieve the best price possible.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
For almost 27-years, I have compared Palace Place to Mercedes-Benz. Mercedes-Benz had invented the automobile, but what makes their cars so special is the thought, care, and safety that they put into their vehicles. These are the same tenets that Bramalea had put into Palace Place as a condo. In fact, the construction of Palace Place had garnered headlines from around the world. So, when I had learned that Mercedes-Benz was building a condo development consisting of a 67-storey tower and a 65-storey tower in Miami, I had become instantly envious of the project.
That was until I had learned how they were planning to build the project.
While the foundation of Palace Place had been built using extra-deep shaft caissons, these new Mercedes-Benz towers are being built using augercast piles.
A caisson foundation is a foundation system used to support tall buildings by anchoring them to solid bedrock. It consists of a prefabricated cylinder that is drilled into the ground to bedrock where steel beams and rebar are inserted through the tubes and into the rock to pin the caisson in place. The tube is then filled with concrete and capped to support the major columns of the building.
Construction of the Palace Place foundation, extra-deep shaft caissons (C) Luke Dalinda
Caissons are typically used when shallower foundations, like strip footings, cannot be constructed safely. Caisson foundations offer help to resist the tipping effect of winds on the building and to control movement in an earthquake. The world’s largest skyscrapers employ caisson foundations. Caisson foundations offer the greatest stability for large structures, especially at great depths.
Augercast piles are constructed using a continuous flight hollow stem auger that is powered by a drill motor that drills to the desired depth. Then, as the drill is slowly removed, concrete is injected into the cylindrical. Once this is done, pre-assembled rebar cages are lowered into the pile.
While an augercast pile foundation is certainly a capable, recognized foundation solution, it is not the best solution, as it has disadvantages, and it is not a method that has been used often for the world’s skyscrapers.
Among the most significant drawbacks of augercast piles is that the construction method does not allow inspection of the finished, installed product. Other disadvantages include that the connection to bedrock is not as robust as it is in the caisson foundation, contraction and bulging can occur in weak soil zones, and underground water can also affect the integrity of the augercast piles.
The most significant advantage of augercast piles is cost savings, which is the biggest driver of decision-making in all new condo construction today.
Pile foundations come with some degree of uncertainty. Another well-known building that sits atop a pile foundation is Millennium Tower in San Francisco. This condominium residence has sunk 28-inches since 2016 when engineers had predicted 4-6-inches over its lifetime. In this case, the subsurface of old bay mud had allowed the settling to occur.
The foundation is the most important aspect of any construction. You only get one chance to do it right. This is why buyers must realize that newer is not better when it comes to condominium construction because today’s developers sacrifice quality for cost.
Completed in 1993, at a record $200-million, Palace Place was built by Bramalea Limited, Canada’s largest builder at the time. Palace Place was built to set a standard and example for condominiums in Canada.
So, it can now be said that Palace Place has been built better than a Mercedes.
For more about Palace Place, order Luke Dalinda’s book.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place, 1 Palace Pier Court, Suite 3302 – Just Sold for $1,020,000 (Represented Seller)
In these times of market uncertainty, it takes experience to get the deal done.
Luke Dalinda has over 27-years of experience selling at Palace Place. Let him be your guide.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Why are Palace Pier condos being sold for $500 to $600 per square foot when Palace Place condos sell for up to $1,168 per square foot?
Because Palace Place offers:
Superior Construction
Palace Place is a younger building that was built by Bramalea Limited, Canada’s biggest builder at the time. Palace Place had been built like a New York or Hong Kong skyscraper, and its unrivalled construction gained headlines around the world.
Palace Pier was built by a speculator almost 50-years ago.
Superior Financial Management
Palace Place is considered the flagship condominium of Crossbridge Condominium Services, who manage over 800 condominiums in Ontario.
Palace Place is widely regarded by condominium professionals as the gold standard in condominium financial management.
Superior Lifestyle
Palace Place offers true 5-star amenities and services, including a Les Clefs d’Or concierge, the same that you would find at a Four Seasons hotel.
Palace Place offers better unobstructed views and thoughtfully designed floor plans to maximize space and minimize cost.
Buyers, Do your homework!
These 2 condos are not an apples to apples comparison.
Call us today so that we can educate you on what you need to know to make an informed decision!
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place, 1 Palace Pier Court, Suite 906 – Just Sold for $1,870,000
Luke Dalinda has achieved a new record price for 06 suites at Palace Place, by having sold Suite 906 for $1,870,000, by having represented the seller. The 06 suites are one of the largest 2-bedroom suites at Palace Place with 1,985 square feet (2,028 above the 28th floor) and the most windows directly on the water of any suite at Palace Place, making them trophy residences for buyers.
This incredible accomplishment has been achieved through hard work. In addition to his unrivalled marketing plan, Luke Dalinda had accompanied every single showing, even if with other realtors, to ensure that all prospects fully understood the value and opportunity of Palace Place.
Palace Place is an Amazing Deal for Buyers: Where else can you get the 5-star life for this price?
The buyers did well too. While smaller sized suites will always generate a higher price per square foot than the larger suites, at $942 per square foot, when the building record is $1,168 per square foot (also set by Luke Dalinda), the buyers have purchased a brand new, turn-key renovation with thousands in upgrades.
When new, inferior construction is charging up to $1,600 per square foot, buyers are learning of the incomparable advantages that only Palace Place can offer. Why buy the K-car when you can own the Mercedes-Benz?
Buyers want space, and, most importantly, buyers want quality. New construction fails to deliver these two key requirements. Palace Place offers unrivalled construction, spacious floor plans, 5-star amenities and services, and million dollar forever views that you cannot find in new buildings today!
Having set the all-time record price for Palace Place at $1,168 per square foot, when the building average is $962 per square foot, and a brand new record for Palace Pier at $922 per square foot, when the building average is $631 per square foot, Luke Dalinda knows exactly what it takes to get top dollar for your suite.
Call, text, or email me today to learn exactly what I bring to the table to help you to achieve the best price possible.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place, 1 Palace Pier Court, Suite 3804 – Just Sold for $973,000 (Seller Representative)
Luke Dalinda has achieved a historic $1,168 per square foot for Palace Place, by having sold Suite 3804 for $973,000, by having represented the seller. Suite 3804 is an incredible renovation that features a re-imagined floor plan that creates a rare trophy residence.
Fact: Luke Dalinda is the ONLY realtor to CONSISTENTLY achieve over $1,100 per square foot for Palace Place.
This incredible accomplishment has been achieved through hard work. In addition to his unrivalled marketing plan, Luke Dalinda had ensured that every single showing understood the value and opportunity of Palace Place.
Palace Place is an Amazing Deal for Buyers: Where else can you get the 5-star life for this price?
The buyer did well too. While smaller sized suites will always generate a higher price per square foot than the larger suites, at $1,168 per square foot, the buyer has purchased a brand new, turn-key renovation with thousands in upgrades.
When new, inferior construction is charging up to $1,600 per square foot, buyers are learning of the incomparable advantages that only Palace Place can offer. Why buy the K-car when you can own the Mercedes-Benz?
Buyers want space, and, most importantly, buyers want quality. New construction fails to deliver these two key requirements. Palace Place offers unrivalled construction, spacious floor plans, 5-star amenities and services, and million dollar forever views that you cannot find in new buildings today!
Fact: When the average price of Palace Place is $914 per square foot, Luke Dalinda is the ONLY realtor to CONSISTENTLY achieve over $1,100 per square foot for Palace Place.
Other realtors cannot replicate these results because they are uninformed about the numerous features that set Palace Place apart from other buildings. Also, their focus is everywhere else but Palace Place, so they want a fast sale so they can move on to other deals.
This is why when it comes to Palace Place, it pays to list with Luke Dalinda. Luke offers better service and better results (for less than what your cousin/brother/friend realtor charges).
Call, text, or email me today to learn exactly what I bring to the table to help you to achieve the best price possible.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Given the 4.2 magnitude earthquake that had been experienced this morning at 6:15 AM across Southern Ontario and Western New York, many questions have been raised about how Toronto would fare if a stronger earthquake were to hit.
In 2005, The Globe and Mail had published an authoritative look at what would happen in the event that a magnitude 7 or greater earthquake hit the GTA.
Many of Toronto’s most beautiful and storied buildings, including churches and arenas, would collapse almost instantly in a powerful earthquake, experts say, since they were never designed to withstand the unique forces imposed by a major shift in the earth.
The safest buildings are those built after the mid-1970s, since they had to meet sharply increased standards. But many older buildings, he says, will simply collapse.
Many of Toronto’s buildings are structurally inadequate, since they face seismic forces that were never contemplated.
The report found that modern high-rise buildings, notably downtown commercial towers, would do very well, as they were designed to absorb energy by flexing, which is an engineering quality known as ductility.
So, how would Palace Place fare in an earthquake?
Palace Place was designed to exceed the standards on earthquakes as established in the National Building Code of Canada, 1985, requirements.
The defence against earthquakes at Palace Place includes:
An advanced caisson foundation system
Highly reinforced concrete
A robust curtain wall system
An innovative pressure release system
Palace Place was built with a caisson foundation, a very sound, advanced foundation system found in the world’s best-known skyscrapers and in marine construction environments like New York and Hong Kong. Palace Place stands on 145 tower caissons. As a comparison, the Burj Khalifa, the world’s tallest building in Dubai, uses 192. These caissons install directly into bedrock and are considered the highest standard for foundations.
Palace Place was also built with prestressed concrete and steel reinforcement, making it strong and flexible enough to help absorb seismic energy.
The structural integrity of Palace Place is further aided by its curtain wall system, offering both the strength and flexibility needed to withstand earthquake forces. The Palace Place curtain wall would also help prevent glass breakage in such an event.
On its lowest level, Palace Place features pressure relief core openings designed to release pressure on the foundation should it ever build beyond normal tolerances. In such cases, these circle structures would elevate to relieve stress.
While Palace Place is not immune to seismic forces (nothing is really), Palace Place does offer some of the best design technologies in the Toronto landscape to endure such an event if it were to occur, making it one of the safest places to be.
As for the ‘IF’ on Toronto earthquakes, according to the report:
There is a 50-50 chance that Toronto will experience a magnitude 5 earthquake within 50-years (Projected in 2005). A magnitude 7 will occur some time within the next 300-years.
What safety features and benefits does your condo offer? Do you even have someone you could ask that would even know?
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
You will want to hear this before making your move.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Today, the Bank of Canada has announced its third consecutive policy rate drop to 4.25%.
Condo buyers, who have remained on the sidelines for all of 2024, should take great comfort from this announcement, as it signals the time to buy.
Because of what we call “heard mentality”, it typically takes 1.5 weeks for the buyer market to react to rate announcements. This news bodes very well for Palace Place going forward, and it demonstrates that the time to buy is now as prices should increase as activity increases.
Best rates that we have seen so far:
5 year fixed at 4.44%
The next scheduled date for announcing the overnight rate target is October 23, 2024.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place, 1 Palace Pier Court, Suite 1009 – $1,199,000
An entirely new design and floor plan that offers 3-bedrooms! Suite 1009 is a re-imagined, sublime condominium residence, with 1,388 square feet of luxury living space, 3-bedrooms, and the most enchanting views of the lake, the Humber Bay Shores parkland, the Humber River, and Swansea village. This suite has been impeccably renovated by award-winning Premier Quality Renovations, featuring stunning wood floors, a brand new kitchen, new washrooms, and smooth ceilings.
Contact Luke Dalinda now for your exclusive opportunity to tour this masterpiece!
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place, 1 Palace Pier Court, Suite 3407 – $649,000
Thoughtfully designed to maximize space! Suite 3407 is a stunning condominium residence, with approximately 833 square feet of living space, 1-bedroom, and beautiful sunset views.
Contact Luke Dalinda now for your exclusive opportunity to tour this masterpiece!
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place, 1 Palace Pier Court, Suite 1806 – $6,300
A very rare opportunity for a discerning, qualified individual seeking space, sophistication, and refinement. Suite 1806 is a bespoke condominium residence, with approximately 1,985 square feet of luxury living space, 2-bedrooms, and the most immersive views of the lake, the city, and the Humber Bay Shores parklands. This spectacular residence has been completely renovated using the finest materials, refined finishes, one-of-a-kind details, and quality craftsmanship that have been beautifully combined to stir all the senses.
Contact Luke Dalinda now for your exclusive opportunity to tour this masterpiece!
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Today, the Bank of Canada has announced its second consecutive policy rate drop to 4.5%.
Condo buyers, who have remained on the sidelines for all of 2024, should take great comfort from this announcement, as it cements the path to lower rates.
Because of what we call “heard mentality”, it typically takes 1.5 weeks for the buyer market to react to rate announcements. This news bodes very well for Palace Place going forward, and it demonstrates that the time to buy is now as prices should increase as activity increases.
Best rates that we have seen so far:
5 year fixed at 4.69%
The next scheduled date for announcing the overnight rate target is September 4, 2024.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place, 1 Palace Pier Court, Suite 3501 – $2,999,000
Modern living and classical elegance captivatingly merged without compromise.
Suite 3501 is a newly renovated, lavish, and palatial condominium residence, with approximately 2,836 square feet of luxury living space, 3-bedrooms, and the most enchanting views of the lake, the city skyline, and High Park. This spectacular residence has been thoughtfully built using the finest materials, refined finishes, one-of-a-kind details, and quality craftsmanship that have been beautifully combined to create timeless appeal.
Contact Luke Dalinda now for your exclusive opportunity to tour this masterpiece!
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Due to the ongoing work to the Gardiner Expressway, the Palace Place and Palace Pier Private Shuttle Service schedule has been updated to reflect that change in traffic patterns.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
