View Full Version : Condo Myths


elliot
December 17th, 2004, 03:59 PM
Does anyone know where the first residential condominium was constructed, and was it in North America?

The oft discussed Vancouver-style condo (repetitious green glass and precast) is often misrepresented, not as a style, but as a phenomenon.. people think this town is the "home of the condo".

In fact, the earliest example of a high-rise condo constructed in in Vancouver as posted in the SkyscraperPage diagrams, is circa 1990.

Ontario introduced the condominium act in 1967.

Toronto was building tall (luxury) condominiums in the late 1970s (Renaissance Plaza 1979/80, Palace Pier 46 floors, 1978/79).

Even the so-called Van style appeared in some fashion on the Toronto waterfront before the 90's: Residences of the World Trade Centre (36 floors, twin towers, 1988/89). I unfortunately invested here... just before the real estate crash. Lots of green glass and pre-cast.

So, where in fact is the birthplace of the (high rise) condo?

gruber
December 17th, 2004, 04:23 PM
Torre Velasca, built in Milano, 1956-58.
106 meters, 26 floors, residential building.

http://img1.imagevenue.com/loc40/ee04c_225737.jpg
http://www.imagevenue.com/loc14/5b88c_225738.jpg
http://img1.imagevenue.com/loc7/b0fbb_258305.jpg
http://www.imagevenue.com/loc40/7b45b_258306.jpg

elliot
December 17th, 2004, 04:40 PM
Is this a condo corporation or equivalent (owned by the residents) rather than rental?

gruber
December 17th, 2004, 05:10 PM
The owner of all the building is still today an important assurance company of Milano, that rents the houses.

salvius
December 17th, 2004, 07:38 PM
^ But then it is not a condo if it rents.

redstone
December 18th, 2004, 06:00 PM
The first condo here was built in 1939, as a mixed tower. Also the first skyscraper here, it was demolished! :cry:

KGB
December 18th, 2004, 06:06 PM
I think you should be more specific....are you refering to the legal definition of the "condominium corporation", which is a very specific term to describe a type of ownership, different than say a co-op, or co-ownership and obviously rental, which is a lease?






KGB