^ $1.5MM for a penthouse is somewhat of a bargain, comparatively speaking, and depending on the square footage.
Speaking of things for sale, just received an email that Lifan Tower, the 29-story, 306-unit residential building proposed at 7th and Witmer in City West, is up for sale. Appears the initial development team was just there to get it entitled - which it is - then sell. I'd like to see a deep-pocketed developer like a Hanover or Forest City come in and get this built. Or, if any forumers have some spare cash, I'd go in on it with you...
(Image Source:
Adept Urban & Lifan)