Kingdom Developments breaks ground at KSquare Condos in Scarborough
Kingdom Developments Inc. has broken ground at its Canadian flagship, mixed-use condominium development, KSquare Condos, just a month after launching sales for the project.
“We’re thrilled with the opportunity to start construction just one month after our sales launch,” says Eric Jensen, Kingdom Developments’ vice-president, projects. “This speaks volumes to the success of KSquare Condos and the significant demand the project commands from both end-users and investors who recognize the incredible value and ownership opportunity that KSquare presents.”
KSquare Condos is located in the heart of central Scarborough at Kennedy Rd. and Sheppard Ave. E., an area currently experiencing a major transformation in new city planning and rapid development growth.
“As one of the first major developments in the city’s most dynamic neighbourhood, KSquare Condos is an exciting addition to Scarborough, an area that’s naturally poised for a residential density boost,” says Ward 22 Scarborough-Agincourt Councillor, Jim Karygiannis.
With more than 485,000 sq. ft. of planned development comprising of retail, office and mixed-use residential, KSquare presents a strong investment and ownership opportunity, the company says. Over the next decade, KSquare Condos is expected to kick-start rapid growth in population density and spur new job opportunities in this already fast-growing neighbourhood.
Across the rail corridor from KSquare, the City’s ambitious plans for Agincourt Mall will create retail and office jobs in a dynamic community of new shops, restaurants, cafes, offices, parks and a public square. With 10 million sq. ft. of office space, Scarborough has seen impressive job growth over the last decade, and is home to the head offices of top Fortune 500 companies including Toyota, IBM, Compaq, BMO, HSBC, Sony, Volvo and Lenovo.
Dubbed “Kennedy Central,” this area between Kennedy Rd. and Hwy. 401, will soon benefit from improved planned transit service with the proposed $5-billion plan to build a three-stop subway extension in Scarborough with stops at Lawrence East, Scarborough Town Centre and McCowan Rd.
With the existing Agincourt GO station to the north and projected SmartTrack and Sheppard East LRT stations nearby, residents will be able to connect to downtown in minutes. Drivers will also appreciate easy access across the GTA via Hwy. 401, which is directly to the south of KSquare Condos.
KSquare features a wide range of suite types and sizes including one-, two- and three-bedroom layouts. Prices start from $372,900 and early buyers can also take advantage of a free parking space included in their purchase price.
“We have a really diverse group of condo units and sizes,” Jensen told Condo Life. “On the one end, we’ve got the students at (University of Toronto Scarborough) that are looking for a small one-bedroom, but at the other end of the spectrum, we’ve got a number of three-bedroom plus den corner units for full families.”
KSquare will not only be home to Toronto’s largest private condo library and study area, residents will also have access to amenities such as two private music rehearsal rooms, state-of-the-art gym, pet grooming spa, kids zone, 24-hour concierge, an expansive party room with two dining areas and a rooftop terrace offering panoramic neighbourhood views.
“The real highlights are… the seventh-floor outdoor terrace is spectacular, it’s really like having a taste of a forest or High Park that you can just step out into,” Jensen says. “The private library is probably the crown jewel of them all. The versatility that this type of space offers… you can go there to study, there are breakout rooms, quiet spaces… it all ties into the library, and we’ve got moveable panels to open up spaces.”
“The lobby itself is very unique, if for no other reason than its size,” Brian Woodrow, senior designer, Tomas Pearce, told Condo Life. “It’s almost a full double height, has a fireplace lounge, a business/tech lounge, so its broken into two areas and its meant to draw people together in a work, live and communicative environment.”
Kingdom Developments gave Tomas Pearce the freedom to execute its ideas, Woodrow says. “They came to us with these ideas… I wouldn’t call them prerequisites because they gave us a free hand, which is very unusual, and allowed us to develop these thoughts and notions from our design standard point of view.”
The KSquare community will be surrounded by nature and greenspace. Bordering the building, South Linear Park boasts over half an acre of parkland and trails and the building’s grounds will also feature lush landscaping that will weave into a central courtyard to the east of the main entrance.
Register at ksquarecondos.com or visit the Presentation Gallery located at 2035 Kennedy Rd., open Monday to Thursday noon to 7 p.m., Saturday and Sunday 11 a.m. to 5 p.m., closed Fridays.