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Builder Profile: Menkes

Condo living has it all with Menkes communities

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Condo living has it all with Menkes communities

Gone are the days when the only gold standard for homeownership was the house in the suburbs with the white picket fence. Today many young families are setting their sights on highrise urban living, where their kids have exposure to arts, culture, and more! They can experience all that city life has to offer, and at the same time have plenty of room to play.

Enter Menkes, one of the first developers to introduce a children’s playroom as an amenity space, when it launched The Eglinton Condominium in 2014. Today – after successfully introducing both indoor and outdoor children’s spaces at its Harbour Plaza community in 2018 — the developer has even grander plans for condo living that will cater to children of all ages.

While condo living once posed challenges to residents with large families or young children, the company’s latest condo projects will elevate your ability to entertain.

Hobby room, Sugar Wharf Residences
Hobby room, Sugar Wharf Residences
Theatre, Sugar Wharf Residences
Theatre, Sugar Wharf Residences

Sugar Wharf Condominiums, part of an 11.5-acre community on Toronto’s waterfront, will offer future residents with kids a list of amenities that rivals any children’s facility, and completely eliminates the hassle of bundling them up in cold weather, in search of local indoor entertainment. Residents will have access to a hobby studio, an arts and crafts room, a music room, virtual reality space, and children’s playroom. There will also be plenty of storage close to your suite to store gear and sporting equipment.

Mobilio Community
Mobilio Community

Mobilio, Menkes’ upcoming community in Vaughan Metropolitan Centre, which will include a combination of condos and townhomes, is also being developed with families in mind.

“We have really considered every member of your family right down to your pets,” says Jared Menkes, executive vice-president, highrise. “Mobilio will include a convenient petwashing station. I am also very excited about the park aspect of this project. We will have the linear park connecting all the projects together on this block and on future blocks, that provide trails and exciting ways for families to stay active.”

Indoor playroom, Mobilio
Indoor playroom, Mobilio

Mobilio will be anchored by an almost 40,000-sq.-ft. linear park, part of Vaughan’s Black Creek Renewal project, which upon completion, will establish a series of promenades, plazas and parks, spanning more than 30 acres. The community also includes attractive gathering places, walking paths and family-friendly play areas. In cold weather, families can take advantage of Mobilio’s equally family-friendly indoor playroom.

When it comes to amenities, Menkes has carefully considered everything a family would get out of living in a single-family home, and incorporates these aspects into its condos. For those who enjoy entertaining, there are sophisticated party rooms with kitchens and bar areas, and landscaped terraces equipped with barbecues.

You enjoy a quiet night in? Sugar Wharf Condos will include a state-of-the-art theatre and games lounge. And if you enjoy staying active, it will have a fitness centre with separate weight, virtual and yoga studios.

There is no doubt that with Toronto experiencing a housing shortage, and many families priced out of the single-family housing market in urban centres, condo living will continue to be the way of the future. Whether you’re looking to start your family, grow your family, downsize, or retire, Menkes offers condo amenities that will cater to every family, and every lifestyle.

Menkes Developments

For further information visit the website.


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Menkes Sugar Wharf

Menkes’ Sugar Wharf Canada’s top selling condo in 2018

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Menkes’ Sugar Wharf Canada’s top selling condo in 2018

 

Menkes Sugar Wharf

Sugar Wharf Residences by Menkes Developments Ltd., part of the upcoming mixed-use development on Toronto’s Waterfront, was the best-selling new condominium project in Canada for 2018, according to Altus Group, a leading provider of real estate data and advisory services.

In a year where buyer confidence and sales activity downshifted, Menkes sees this is a major feat.

“We are so pleased that buyers were as passionate about this project as we are,” says Jared Menkes, executive vice-president, Highrise. “The strong response to Sugar Wharf is especially meaningful coming out of 2018, where many builders experienced a shift in market conditions. Increasingly, there has been a flight to quality by prospective homeowners, opting for brands they know and trust, and we are fortunate to be one of those brands.”

Located in East Bayfront at the northeast corner of Queens Quay East and Freeland Street, the Sugar Wharf community will encompass 11.5 acres and include luxury residences, offices, restaurants and shops, Toronto’s first vertically integrated school, and will be anchored by a new two-acre park.  Once complete, Sugar Wharf will be the largest mixed-use development on the Toronto Waterfront, home to 7,500 residents and 4,000 office workers. All buildings will be connected to Toronto’s indoor PATH pedestrian system, as the development includes plans to expand the PATH east of Yonge Street.

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The residential component of the community, designed by architectsAlliance, will include five condominium towers, varying in height from 64 to 90 storeys, and a midrise rental building. In summer 2018, Menkes launched the first two residential towers and sold 1,241 of a total 1,463 condo units (85 per cent).

According to Altus, new condominium sales fell 38 per cent from the record high in 2017, though they remain close to the 10-year average for the market. Industry experts predict new condos will remain the primary source for additional housing needed to keep up with the pace of immigration.

Construction is well underway at Sugar Wharf Residences. Excavation at the site progressed to over 40 feet below grade. Completion of the towers is slated for 2022.

The Sugar Wharf community officially broke ground in January 2018 with the first phase of the project, 100 Queens Quay East, a 25-storey office tower, featuring approximately 690,00 sq. ft. of Class AAA space. In addition to the new office building, the community will include approximately 300,000 sq. ft. of multi-level commercial retail space, including the new flagship LCBO store. Expected occupancy for the office tower is spring 2021.

 

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