No, these condos were not actually built by IKEA. But due to their proximity to the cheap-furniture giant, and their cheap, simplistic and colourful nature, I have a feeling that “Concord Park Place” will eventually be known as the IKEA Towers…
There are two completed towers in “Concord Park Place,” and there are proposals for five others.
This development had a ton of red flags when I first looked at it two years ago – it’s in a poor location, it’s too busy – with all the traffic from the big-box stores, it’s being built by Concord Adex, and there is far too much vacant land surrounding the two existing towers.
But it’s the association with IKEA that would make me worry if I owned a unit here!
As I said in the video – IKEA is synonymous with cheap, entry-level furniture that is as close to ‘disposable’ as furniture can get.
And the condos across the street actually look like they were built by IKEA!
Well, I guess if the building had a giant Prada logo, then people would be breaking down the doors to get inside…