Toronto rises up like a heat map. Storey upon storey of sparkling glass and steel stretches skyward, and sells, on average, for $1,200 a square foot.
Even as the pandemic pours a little cold water on the broader condo market,
hunger for the ultimate status symbol—a two-floor penthouse apartment looking down on the little people—persists.
And most developers are tripping over themselves: building the bigger, better,
more glamorous skyscraper, with at least three in play in Toronto heading up past 90 stories in the next few years. But not Benjamin Bakst.
“We’re not the guys that are focused on building a landmark,” CEO of Marlin Spring Investments of his outlier approach.
Bakst runs his company from the 16th floor of a modest 1960s building at Yonge and St. Clair in midtown Toronto.
The building restored in 2018, has a flashy Buca restaurant on the ground floor.
It wasn’t a Marlin Spring project, but it’s the kind of development Bakst is bullish on.
Let the other guys race into the clouds;
Marlin Spring focuses on building value.
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