Intentional Capital is pleased to announce the opening of sales on its newest project–Geary Factory Lofts. These corporate condos will transform an underused, historic, button factory into a four-story, 40-unit hub of working condos for entrepreneurs, creatives, and small business owners in the city.
Geary Factory Lofts gives entrepreneurs and visionaries an exciting opportunity to own their own workspaces while being part of the dynamic hub along Geary Avenue. With raw floorplans, buyers can fashion their workspaces and curate them according to the design choices that make sense for the culture and operations of their business.
Corporate condos are a tried-and-true concept in cities with thriving tech ecosystems and entrepreneurial spirit like New York and Vancouver, where soaring commercial rent has tipped the scale in favor of ownership. In Toronto, corporate condos are a welcome development to the real estate market, offering unique financial benefits to entrepreneurs. Among the benefits of ownership, business owners gain the opportunity to build corporate equity and access more capital as the value of their property rises. Additionally, business owners can often write down mortgage interest because they own the property, while avoiding costs and risks associated with renting.
“We are thrilled with the vision of Geary Factory Lofts–a real estate development that is in keeping with the spirit and community of Geary Avenue, while also empowering entrepreneurs and business owners with an important tool in building corporate equity and financial leverage,” said Rod Bell, Managing Director and Co-Founder of Intentional Capital. “When rent increases, small business owners are often priced-out of the communities and workspace that they have helped build. With ownership that risk evaporates, and entrepreneurs and owners are empowered to focus on building a thriving, sustainable business.”
Historically, Toronto was developed with low-rise buildings and storefronts, where owner-operated small businesses were central to communities across the city. Corporate condos offer today’s entrepreneurs and business owners a similar bricks-and-mortar opportunity but have distinct advantages over the purchase of stand-alone buildings including shared maintenance costs, insurance, and property taxes.
Learn more at Geary Factory Lofts or contact info@gearyfactorylofts.com.
About Intentional Capital. Intentional Capital is a privately owned, Toronto-based real estate company that specializes in developing multi residential buildings. The company prides itself on developing real estate with a conscious approach to future communities. It has more than $1 billion in gross development value. Intentional Capital’s past and current projects in the GTA include Geary Factory Lofts, 950 King Street West, 25 Liberty Street, and 65 Agnes St. in Mississauga
