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Deposit structure: Only 15% before occupancy
$3,000 with the agreement, balance of 5% in 30 days, 5% in 90 days, 5% in 180 days and 10% on occupancy.
The 107-year-old landmark will soon undergo a major facelift that will see in converted into a hotel-condo.
The third, fourth and fifth floors of the Le Méridien King Edward Hotel will be turned into about 145 private condominium residence,
ranging from 500 to 2,000 square feet.
Frankly, the master builders, whose skills were honed in another age, don’t exist anymore. Would it be possible to build a “new” King Eddy from scratch today? Highly unlikely. But then it is not
necessary—because over the decades the hotel’s various owners have kept the hotel in extremely good nick. For now, and forever, the King Edward will remain a palace
worthy of its regal namesake. Unlike almost any other precinct of the city, the area around the hotel is in many ways much like it was a hundred years ago.
Projected occupancy June 2012
Price from the Low $400's
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