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Etobicoke undergoing massive redevelopment

Etobicoke undergoing massive redevelopment

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Etobicoke undergoing massive redevelopment

In real estate terms, an area in transition is a good thing, since it generally refers to progress, development and things being on the upswing.

Etobicoke is just one of those areas.

Really? Etobicoke, that large, narrow north-south swath that stretches from Lake Ontario up to Steeles Ave., and shouldered by Humber River on the east and Etobicoke Creek on the west? With large, well established and affluent neighbourhoods?

Yes, one and the same – the west end locale with the funny name people often mispronounce (FYI the K is silent) – that wasn’t exactly in need of an upgrade.

Blessed with a strong natural location due to its proximity to downtown Toronto, easy access to the QEW and Hwys. 401, 427 and 27, the Bloor subway line and several major TTC and GO Transit hubs, Etobicoke has long been a sought-after residential location.

North Etobicoke, for its easy highway access, plethora of commercial ventures and lower priced real estate. Etobicoke Centre, for its proximity to the Islington-City Centre West central business district, and exclusive neighbourhoods with large, treed properties such as the Kingsway. And South Etobicoke, or Etobicoke Lakeshore, for its prime lakefront location and areas such as Humber Bay and Mystic Pointe.

Southern surge

But when it comes to new condo development and buying opportunities, it’s all about the south. Well, mostly the south, until very recently.

Etobicoke Lakeshore was the first to transition, with the former motel strip at Lakeshore and Park Lawn giving way over the last several years to dozens of new projects. Today it is one of Toronto’s hottest new condo destinations. Your location here is right on Lake Ontario, with outstanding views of downtown Toronto, along the Martin Goodman Trail for cycling and running, and close to the Gardiner to commute into the city and to the QEW to head west. TTC bus and streetcar service is quite literally at your front door.

The area could get another massive boost if a proposed redevelopment of the former Christie’s bakery site at Lake Shore and Park Lawn goes ahead. Owner First Capital Realty’s plan for the 28-acre site – known, at least temporarily, as 2150 Lake Shore – calls for 15 new residential and office towers, from 22 to 71 storeys, new parks and public spaces and employment.

Now the condo boom is spreading north, into the central part of Etobicoke with new developments along Dundas St. W. between Islington and the 427, and several more planned for the south side of Dundas just west of Kipling subway. New condos are also springing up along the 427 near Burnhamthorpe, appealing to those who prefer highway access over transit.

A little further west, the Cloverdale Mall neighbourhood may get a major facelift in the next few years, as QuadReal Property Group is proposing a comprehensive master-plan to redevelop the existing 32-acre mall property into an innovative and dynamic mixed-use urban community. The proposal involves transitioning Cloverdale with a re-envisioned retail offering, residences, parkland and greenspace, community uses and new streets.

Under construction

Indeed, construction will also be the order of the day in Etobicoke Centre. For years. Six Points intersection, known locally as “Spaghetti Junction,” is a complicated interchange where Kipling, Bloor and Dundas all intersect. To support future development in the area, the City is spending tens of millions of dollars to modernize the road and surrounding infrastructure. Plans include improved pedestrian and cycle access, wider sidewalks, more trees, street furniture and improved access to Kipling subway. The station itself is being expanded into a regional transit hub to link the TTC with GO Transit trains and buses, as well as Mississauga Mi-Way bus lines.

Location, location, location

Bordered on the south by Lake Ontario, on the east by the Humber River, on the west by Etobicoke Creek and Mississauga, and on the north by Steeles Ave. W.; population 365,143.

Key landmarks

• Centennial Park

• Etobicoke Waterfront

• Humber River

• Sherway Gardens

• The Old Mill

Select condo developments

Reina Condos by Urban Capital

2150 Lakeshore by First Capital Realty

Empire Phoenix by Empire Communities

IQ3 Condos by Remington Group

Queensway Park by Urban Capital

The Tailor by Marlin Spring

Thirty Six Zorra by Altree Developments

United Kingsway by Fieldgate Urban

Valhalla Town Square by Edilcan Development

Vita Two on the Lake by Mattamy Homes


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Festival

There’s a party going on at Festival, the latest highrise residential community by Menkes and QuadReal

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There’s a party going on at Festival, the latest highrise residential community by Menkes and QuadReal

You may have heard there’s a party going on right here, and it’s happening in Vaughan Metropolitan Centre (VMC), at Festival, the latest highrise residential community by Menkes and QuadReal.

Courtyard and retail shops and restaurants at Festival Condominiums. Illustrations are artists' concepts only.
Courtyard and retail shops and restaurants at Festival Condominiums. Illustrations are artists’ concepts only.

A new urban centre is forming in the 905, in one of the fastest growing cities in Canada, and what is already the largest employment centre in York Region. It’s dynamic, lively, and completely changing the face of Vaughan. Right at the heart of it, you will find Festival, the latest project by Menkes Developments and QuadReal Property Group.

Situated in downtown Vaughan’s new South VMC, Festival will feature four condominium towers varying in height from 40 to 59 storeys, two of which will be the tallest in VMC. The four-tower community will encompass more than 85,000 sq. ft. of retail onsite – a spectacular array of dining, shopping, entertainment, and lifestyle offerings, making this highly-coveted community a place where residents of all ages will get the best of urban living. Vaughan is building a world-class skyline without compromising its vision for an urban, transit-oriented, Green, and people-focused downtown.

Vaughan Metropolitan Centre Subway Station. Image courtesy of the City of Vaughan. Illustrations are artists' concepts only.
Vaughan Metropolitan Centre Subway Station. Image courtesy of the City of Vaughan. Illustrations are artists’ concepts only.

Spanning over 440 acres, VMC is one of Canada’s largest new master-planned communities. Once complete, it will include 1.5 million sq. ft. of new office space, 750,000 sq. ft. of retail and will be home to 25,000 residents. A true live, work, play urban centre, it will include numerous restaurants, shops, and entertainment, and already neighbours some of the city’s biggest tourist attractions, such as Canada’s Wonderland and Vaughan Mills shopping centre.

“We’re so pleased to launch Festival, our second development in VMC, and build on the success we had with our first site, Mobilio,” says Jared Menkes, executive vice-president, High Rise. “With both projects, we’re catering to every type of family and lifestyle. Festival will take urban living to the ultimate level. We have plans for unprecedented indoor and outdoor amenities; the community will be something condo dwellers have never experienced before. At the same time, with the substantial growth that VMC is experiencing, it will also fulfill the area’s fundamental need for more density.”

Retail frontage along Highway 7 at Festival Condominiums. Illustrations are artists' concepts only.
Retail frontage along Highway 7 at Festival Condominiums. Illustrations are artists’ concepts only.

Connectivity will be central to Festival residents. Just steps away is the new VMC transit hub, which is accessed by Viva, Zum and York Region buses. Vaughan is currently the only city outside of Toronto that has subway service. From the VMC subway station, passengers can easily travel downtown in 45 minutes and students and faculty of York University’s major campuses can enjoy an effortless commute of only six minutes. Festival is also conveniently situated at Hwys. 400 and 7, providing excellent accessibility to the entire GTA by car. For jet-setters, Toronto Pearson International Airport is just a short 15-minute drive away.

Smart and sustainable, Vaughan is certainly about more than just transportation connections. The city will be the first to pilot the Smart Cities standard, an international benchmark that deals with certain subjects such as energy management, water quality and intelligent transport systems. Festival will also offer future residents a connection to nature. The new and exciting community’s expansive property will encompass open greenspace, cycling and walking paths, and attractive gathering spaces to foster relationships among residents. South VMC will also be home to a new 17-acre park, connecting all of the communities in the area and cultivating an intimate neighbourhood feel.

With VMC set to become the destination of choice, don’t miss out on the opportunity to live at Festival. Register online today and be a part of a celebration to last throughout the years.


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Cloverdale neighbourhood redevelopment moves another step closer to reality

Cloverdale neighbourhood redevelopment moves another step closer to reality

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Cloverdale neighbourhood redevelopment moves another step closer to reality

Area residents, prospective buyers and other interested parties got another glimpse of what the redevelopment of the Cloverdale Mall neighbourhood may look like in a few years, as QuadReal Property Group presented its final plan to the community.

QuadReal is proposing a comprehensive master-plan to redevelop the existing 32-acre Cloverdale mall property into an innovative and dynamic mixed-use urban community. The proposal involves transitioning Cloverdale with a re-envisioned retail offering, residences, parkland and greenspace, community uses and new streets. Existing surface parking will be taken below ground, enabling a vibrant pedestrian-oriented environment at grade.

After recently hosting two open houses, QuadReal and its development partners, Giannone Petricone Architects, held the final Open House in late November, prior to submitting the plan to the City of Toronto planning department this month. Representatives showcased an updated master plan, artistic renderings and discussed community feedback received to date, and how it has been incorporated into the updated design and plan considerations.

The plan represents a major redevelopment for the shopping mall itself, which dates back to 1956 when it first opened as an open-air plaza. QuadReal plans to include a variety of housing types, including rental, condo and affordable units, enabling cross-generational opportunities, with condo units ranging from small to larger, family-style units.


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Cloverdale Mall

Cloverdale Mall area set for major community development

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Cloverdale Mall area set for major community development

Prospective homebuyers looking for new opportunities in the west end of Toronto might want to keep an eye out for developments around Cloverdale Mall in Etobicoke.

Property owner QuadReal Property Group of Vancouver has big plans for the area that extend well beyond a major redevelopment of the shopping mall itself, which dates back to 1956 when it first opened as an open-air plaza.

Following a year of community consultation, QuadReal plans to submit a rezoning application to the City of Toronto in December, proposing a comprehensive master plan to redevelop the existing 32-acre mall property into an innovative, dynamic and sustainable mixed-use urban community. The plan is to integrate the mall within the surrounding neighbourhoods, providing greenspace, as well as mixed residential, retail and community amenities.

Multi-generational residences

QuadReal says it plans to incorporate feedback from the community, including local residents, business owners and shoppers. To ensure the development is reflective of community values, the company has built a 4,000-sq.-ft. space called the Cloverdale Common within the existing Cloverdale space, which hosts arts and culture programming, events and open houses to discuss the proposed plans. The resulting feedback will be considered in developing the property to include shopping, but also multi-generational residences, all-season parkland, arts and culture programming, fitness and wellness facilities, restaurants and more.

“The new Cloverdale community will offer a diverse mix of residential types, to create housing for all stages of life – from young professionals to seniors, students to families,” Ben Gilbank, director of development at QuadReal, told HOMES Publishing. “A variety of residential types will be provided, including rental, condo and affordable units, enabling cross-generational opportunities for housing. Units will range in size from smaller to larger, family-style units.

Once the proposal is submitted to the City in December, the next few years will be dedicated toward obtaining planning approvals, prior to commencing the first phase of construction, Gilbank adds.

Infrastructure development

Cloverdale is located in the Etobicoke Centre, an area popular for its proximity to the QEW and Hwy 427, the Islington-City Centre West central business district and established neighbourhoods, and which itself is undergoing significant redevelopment. Several new housing developments are in the works along Dundas St. W. between Islington and 427, and more planned for south side of Dundas just west of Kipling subway. New condos are also springing up along the 427 near Burnhamthorpe.

The nearby Six Points intersection, a complicated interchange where Kipling, Bloor and Dundas all intersect, is seeing tens of millions of dollars spent by the City over the next two years to modernize the roads and surrounding infrastructure, to accommodate future development in the area.

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Etobicoke is development central, literally


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