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Claridge continues to have great success with its project located at 505 Preston Street in Little Italy. Claridge Icon has only 65 units remaining out of 320 units or is 80% sold out. We continue to see many price increases for almost every unit, with an average price for remaining units now sitting at $619,815.38. The average price per square foot for the remaining units is $717/sqft. The average size for the remaining units is 822sqft.
What is interesting is that if we remove the three remaining penthouse units from the equation (units on floors 41-45), the numbers drop significantly. The average price lowers to $530,709.68, with an average size of 750sqft and an average price per sqft of $700/sqft.
Claridge has also slightly pushed back its interim occupancy to February 2021 from the original October 2020.
For those looking to get into the building, the cheapest unit is #808, a one-bedroom 610sqft Gable floorplan which is priced at $346,000.
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