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Pharrell Williams helps Reserve Properties and Westdale Properties design untitled in Toronto

Pharrell Williams helps Reserve Properties and Westdale Properties design untitled in Toronto

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Pharrell Williams helps Reserve Properties and Westdale Properties design untitled in Toronto

Reserve Properties and Westdale Properties have unveiled complete design and development plans for untitled, a new collaborative project in midtown Toronto with recording artist Pharrell Williams.

The designs are the result of a multi-stage process that saw Reserve and Westdale working with Williams, alongside architects from IBI Group and designers from U31, to realize a collective vision for the project.

“The decision to work with Pharrell was born out of a desire to do something unique for our future residents, the city and architecture as a whole,” says Sheldon Fenton, chief executive officer, Reserve Properties. “We believed by bringing in a cultural icon with vision and ideation from outside the realm of real estate it would allow us to break the mold in terms of what has traditionally been done in multi-residential development in Toronto.”

Working with Williams, the team developed a set of overarching principles that became integral to the overall design process. These included creating spaces with a conscious understanding of how people will feel within them, focusing on design that is both aesthetically inspiring but also purposeful in its function, and incorporating a feeling of natural elements throughout the spaces.

The two-tower residential development will include 751 condominium suites, ranging from studios to three-bedrooms, as well as 32,000 sq. ft. of amenity space.

Gust of Wind

The seed for untitled’s architecture is rooted in lead architect Mansoor Kazerouni of IBI Group’s cultural background. Kazerouni introduced the concept of a jugalbandi, a performance in Indian classical music featuring an intricate duet between two solo musicians. The term translates to mean entwined twins and for Kazerouni, a jugalbandi informed how his work could entwine with sound waves from one of Pharrell’s songs. Using parametric design, the sculpted, fluid form of the balconies follows the wave pattern of Williams’ hit song Gust of Wind, articulating the building as a visual abstraction of music.

Interior spaces by Kelly Cray of U31 aim to articulate notions of universality throughout the common areas, amenities and suites. Rather than projecting a lifestyle onto the residents, the goal was for each individual space to serve as a backdrop to the user’s own experience. The result is an exploration of the interplay between nature, essentialism and Japanese inspired minimalism using a palette of plants, water, light and form.

In the lobby, a deep charcoal stone used on the floor wraps up along the walls creating a seamless experience. A cascading water feature adds movement to one’s journey, extending through the arrival hall to the concierge. The flow of water that welcomes residents is purposefully intended to evoke feelings of energy and movement when you first step into the building; an experience that is continued as a memory in surrounding spaces.

An extensive amenity program extends throughout the building’s ground floor and onto the upper levels, with a series of indoor and outdoor spaces that include a co-working garden lounge, screening room, active fitness centre, kids club, a rec room, social lounge and private dining with a sake tasting area, that flow out to the rooftop terraces.

Water and space

A wellness centre, featuring a spa and indoor-outdoor swimming pool round-out the offering with expansive floor to ceiling glass screens separating the two sides of the pool. Views through the screens frame a dramatic, 30-ft. water feature that flows into the far end of the pool.

“To me, the key elements were water and space,” says Williams. “With water moving in the building the way it does, there’s this continuous flow of motion that’s recharging to people. Certain places just hit us as humans, reminding us that we’re alive.”

As part of the block master-plan, the development team will also be building a separate 413-unit purpose-built rental building adjacent to untitled, along with a new public park. The rental building will contain 200 affordable housing units, 165 mid-range units and 49 market units, delivering a range of housing options.

untitled will feature suites ranging in type, from studios to three-bedrooms, with prices starting in the low $400,000’s.

Renderings: Norm Li
Press conference photos: Arthur Mola


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How do you protect your retirement nest egg from illness?

How to protect your retirement nest egg in case of illness?

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How to protect your retirement nest egg in case of illness?

As healthcare improves, most Canadians expect to live way past their 80s but if they do, the chance of developing age-related conditions and requiring long-term care increases.

Long-term care is a threat to your retirement nest egg. It costs $100 to $175 a day, or $35,000 to $65,000 each year, to meet the long-term care needs of one senior. It wouldn’t take long before such a bill depletes your retirement nest egg.

If you are counting on government programs, the situation is worse. Presently, the government meets only a small fraction – 18 per cent – of long-term care costs. On the other hand, family members pay up to 75 percent. Worse still, experts predict a crisis in funding the ballooning public long-term care bill.

So, how can you protect your retirement nest egg from illness?

One solution is using private insurance or long-term care insurance.

Assessing your need

You may be pondering, “Do I need an additional insurance plan?” That’s fine and normal. But, if you can afford the premiums, we would rather you ask yourself these questions:

  • How much are you saving for your retirement?
  • How well can your nest egg take an extra annual hit of $35,000 to $65,000 when you are in your 80s?
  • Will you rely on family for support?

How does it work?

Long-term care insurance kicks in when you are unable to perform two of the six aids to daily living: Bathing, dressing, transferring, toileting, continence and feeding.

There are two ways long-term care plans work. You can opt for a regular monthly or weekly income from the insurer and use it at your discretion. Alternatively, the insurer can pay your long-term care bills. Either way, long-term care insurance is generally much cheaper than making out of pocket payments.

The good part is, premiums are usually significantly lower for younger applicants. Also, the payments from the insurer are not subject to taxation. But the best part is, you’ll have peace of mind knowing that your retirement nest egg can be protected from the financial effects of illness and you won’t be a burden to your family.

Planning for your retirement?

We have put together a webinar, Learn How to Retire Happy. Its completely free and you can listen in when you have the time. In this retirement training, you will:

  1. Learn the number one technique you need to master your money
  2. Obtain proven strategies used by financially successful individuals
  3. Learn best practices on how to plan now and chill later

Click here to listen to this free retirement training and get awesome tools and resources as well. You can also get advice from our financial coach with no obligation or commitment.

We truly care to help you understand your options so you can make an informed decision based on what is best for you and your loved one.

If you currently don’t have any type of life insurance, please feel free to get an online quote in seconds, so you can have a better idea of what this may cost you. Its cheaper than what you probably think. Plus, you can get a chance to win in our end of the year giveaway! To Learn more about Attingo, visit attingo.ca or call 1.877.302.5425.


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Oprah Winfrey buys neighbour Jeff Bridges’ home

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Oprah Winfrey buys neighbour Jeff Bridges’ home

When you’re worth almost US$3 billion and can easily say, “Been there, done that, have that,” what do you do with the rest of the money after the usual investments? For more than a decade, the super wealthy have been parking it in real estate. In fact, they’re buying up a lot of the planet in the form of islands, vast ranches, resorts and glamorous homes. Yes, Oprah Winfrey owns at least six homes, after selling her Chicago and Atlanta homes. Lately, her focus has been on the Montecito neighborhood of Santa Barbara, where after purchasing actor-friend Jeff Bridges’ home, totals three. This includes The Promised Land, as she named her 40-acre main home and grounds, worth about $90 million. She purchased the Bridges home after waiting for the price to be reduced from the original US$7.49 million, and ended up buying it for US$6.85 million – the exact price Jeff and his wife, Susan Geston, paid for it five years ago. Oprah also owns homes in Maui, Hawaii, Orcas Island, Wash. and a ski chalet in Telluride, Colo.

The Bridges’ 3,517-sq.-ft,, two-bedroom, three-bath Spanish Revival-style home was originally built in 1919 by architect James Osborn Craig, sited on four acres of gardens. Meticulously cared for and having undergone restorations and updates, it still has its original windows, doors, hardwood floors and five fireplaces. The kitchen and bathrooms were remodeled to bring them into the 21st century. The kitchen, with its new cabinetry and quartz countertops, adjoins a large family room. High ceilings, expansive windows and French doors illuminate the home with every room opening to lush gardens. The master suite features an open-beamed ceiling, large bay window, French doors and fireplace.

Montecito is a sought-after neighborhood at the western tip of Santa Barbara, with commanding views over the Pacific Ocean. Lush with large trees and thick with greenery, the neighborhood has recovered from the 2018 Thomas Fire that destroyed many of the area’s homes. Bridges and Geston have been downsizing their homes, with the sale of their 20-acre, Tuscan-style vineyard estate two years ago for US$15.9 million, and their Montecito home to Winfrey for US$6.85 million. They have also sold some land parcels in Malibu this year.

Photos: Coldwell Banker

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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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Joe Pesci puts his Jersey Shore mansion up for sale

Joe Pesci puts his Jersey Shore mansion up for sale

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Joe Pesci puts his Jersey Shore mansion up for sale

Academy Award-winning actor for his role in Goodfellas, Joe Pesci is selling his Jersey Shore waterfront mansion which has been his home for almost 30 years.

Whether as Vinny LaGuardia Gambini, Pesci’s character in My Cousin Vinny, or Nicky Santoro, his mob character with animal-killer instincts in Casino, Pesci’s skilled sense of timing brings his characters to life in a way that few actors can match. And after a lengthy sabbatical, Pesci makes his return to acting with Martin Scorsese, Robert De Niro and Al Pacino in a new film, The Irishman, on Netflix starting Nov. 27. In the meantime Pesci has put his Jersey Shore waterfront home up for sale in Lavallette, NJ for US$6.5 million.

West Point Island

Built in 1990, the 7,200-sq.-ft. contemporary with an Art Deco vibe is located in the West Point Island neighborhood, protected from Atlantic storms on Barnegat Bay and only a short bicycle ride to the beach. Bright, airy and spacious and taking full advantage of the beautiful view, the eight-bedroom, eight-bath home has an open floorplan with large rooms perfect for large parties that spill out to the spacious pool terrace at the water’s edge with boat dock beyond. The gated property is completely fenced with a large motor court that can accommodate multiple guests as well as a two-car garage for the owner.

Upon entering, a dramatic free-standing curved staircase sets the stage for the living areas. With white rooms filled with light and the backdrop of the bay through floor-to-ceiling windows, the living room with its two seating areas and pianos hint at musical get togethers. The large eat-in kitchen with island is perfect for preparing large meals for dinner guests in the dining room encircled by glass doors opening to the pool terrace and bay. The comfortable media room walls are decorated with posters from Pesci’s films and because his first job was as a barber, a barber’s chair occupies one corner as a poignant reminder. The upper level, which can also be reached by elevator, contains bedrooms and an office, all with upper terraces and spectacular views. A downstairs party room next to the pool and spa has its own kitchen for entertaining.

Not that Jersey Shore

Many celebrities who were born and raised in New Jersey have homes up and down the Jersey Shore, similar to Pesci. From makeup mogul Bobbi Brown to Jon Bon Jovi, Bruce Springsteen, author Mary Higgins Clark and many more, the shore is awash in glitterati.


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GTA developers tour New York City for land-use and design inspiration

GTA developers tour New York City for land-use and design inspiration

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GTA developers tour New York City for land-use and design inspiration

Representatives from GTA builders and developers recently toured New York City as part of the latest Housing Innovation Tour from the Building Industry and Land Development Association (BILD).

Tour participants met with industry experts from speciality fields and explored new housing, innovative use of land, various product types and learned about new sales and marketing strategies – all intended inspire participants for their projects back at home.

The BILD Housing Tour group, against the backdrop of Manhattan, from River House rental property in Port Imperial, N.J. Photos: Mike Suriano, Suriano Design Consultants
The BILD Housing Tour group, against the backdrop of Manhattan, from River House rental property in Port Imperial, N.J. Photos: Mike Suriano, Suriano Design Consultants

Highlights of the three-day tour included visits to:

• Hoboken, NJ’s revitalized waterfront, which included a tour of a former Maxwell Coffee House factory site. There, Toll Brothers and Hoboken Brownstone Company have built a lively neighbourhood with midrises, townhouses, parkland and views of Manhattan along the Hudson River.

• DUMBO (Down Under Manhattan Bridge Overpass) and Domino boroughs in Brooklyn. Both areas are formerly hubs for industry and warehouses, as the Hudson River was once the main transportation artery for coffee, sugar and other goods. Over many years, these neighbourhoods have been converted to luxury residential and mixed-use properties. In fact, DUMBO has become New York City’s fourth-richest community.

• Hudson Yards, NY. A must-visit when in New York City, Hudson Yards is the largest private real estate development in the U.S. by area. Upon completion, 13 of the 16 planned structures on the West Side of Midtown South will sit on a platform built over the West Side Yard, a storage yard for Long Island Rail Road trains. The community is home to more than 100 diverse shops and culinary experiences, offices for leaders in industry, significant public art and dynamic cultural institutions. It is also expected to host more than 55,752 workers on a daily basis. Hudson Yards is seen as a cutting-edge model for the future of so-called smart cities – those that leverage data to monitor and manage urban areas.

“Thanks to our trip sponsors, participants had opportunity to enjoy some of the Big Apple’s many cultural elements by experiencing fine culinary foods, visiting historic A&D Building, neighbourhood walking tours and attending an NHL hockey game,” says BILD President Dave Wilkes.

Tour sponsors comprised: Cassidy & Co., Coast Appliances, Figure3, Fisher Paykel, Maroline Inc., My Design Studio and Spectrum Realty. Tour hosts comprised: George Vallone of Hoboken Brownstone Company; Jack Chui of Douglas Elliman Real Estate & Fortis Property Group; Marina Trejo of Two Trees Development; and Natalie West of Related.

Photos: Mike Suriano, Suriano Design Consultants


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The top 4 international property investment markets

The top 4 international property investment markets

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The top 4 international property investment markets

If you’re looking to invest in offshore real estate – that is, markets outside of North America – there are four key markets you should look at first.

Lief Simon, international real estate investor and co-founder of Live and Invest Overseas, says he’s all in on overseas markets. And he has shortlisted four countries to help build your investment portfolio and personal freedom plan.

Why? International property stands out more than ever among investment options because it is both a hard asset and one of the best opportunities for generating cash flow while building real, long-term, even legacy wealth.

What makes these countries star performers? He says they are the world’s best options for diversifying across markets, currencies and asset types for both value appreciation and cash flow of up to 17 per cent per year that can continue for decades. In some cases, you can invest with as little as US$35,000.

1. Panama

Rental apartments and agricultural opportunities are the two key target areas here. Panama City, where resale transactions have slowed, is and will continue to be a buyers’ market in the short term. This year is a chance to buy on a dip, because, long term, Simon remains very bullish on the Panama City rentals market.

Yields continue to be strong, though not as strong as they were a couple of years ago, primarily because rents have softened.

Argentine, Colombian, and Venezuelan buyers have helped to keep the Panama City market stable and growing over the last dozen years, while other markets in this region have struggled or even collapsed.

Today, North Americans and Europeans continue to invest, but it’s Panama’s new relationship with China Simon predicts will fuel this economy through its next stage of growth. Chinese are arriving in Panama in volume and bringing lots of investment capital with them, just like they did in Vancouver in the 1990s. He foresees spikes in property values to new levels.

The second big opportunity for making money from real estate in Panama in 2019 is productive land. This country’s interior is a fertile breadbasket. Individual investors can even participate in organic plantations for turnkey agro-profits.

2. Brazil

Brazil is a large country with many different property markets, some more interesting than others.

“I recommend focusing on the Fortaleza area,” Simon says. “This coastal region is a top destination among Brazilian tourists. Rentals targeting the local holiday market can earn better than eight per cent net yield reliably.”

The Brazilian real remains stable against the U.S. dollar (at around 4.09 reais to US$1) and has been historically weak relative to the rate of 1.6 reais to the dollar of a decade ago.

Good yields and a weak currency make this country a very strong buy.

3. Thailand

Thailand appeals primarily for its agriculture, but it also deserves attention for its strong economy and expanding tourism industry.

The challenge in Thailand is that restrictions are placed on how foreigners can own property. Foreigners are able to own land only on leasehold.

A foreigner can hold freehold title to the construction on the land, but, unless the house is portable, you might not take comfort from that. Foreigners are also permitted to own condos freehold as long as they don’t own more than 49 per cent of the total area of the condo building. For this reason, the condo market is where most foreign investors focus their attention. A condo is also cheaper and easier to manage as a rental than an individual property.

Bangkok was the number-one visited city in the world in 2017 and last year received more visitors than London or Paris. Again, that’s worth the attention of would-be property investors, says Simon.

4. Portugal

Property markets in Portugal have been on the move since 2015. Some neighborhoods in Lisbon, for example, are now priced beyond what Simon believes is reasonable for an investment property. Other areas of this city, however, continue to offer good value and opportunity, especially if you’re up for a renovation project.

In this, the fourth quarter of 2019, Simon recommends focusing on the lesser-visited areas along the country’s Algarve coast and the Porto region north of Lisbon. And in Portugal, it’s possible for a non-resident to obtain a mortgage for the purchase of a property.


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6 steps to becoming a successful landlord

6 steps to becoming a successful landlord

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6 steps to becoming a successful landlord

Buying a condo to rent out for investment purposes is a great idea. But, for many, especially first-timers, it’s much easier said than done. So many questions, tons of details and plenty that can go wrong.

This is exactly why many owner-investors turn to Del Condominium Rentals, one of the largest professional condo management firms in Canada, with a portfolio of more than 2,500 condos in more than 280 GTA communities.

With experience like that behind you, you’re one step closer toward your goal of becoming a successful rental condo landlord.

Here, then, are six important steps to get you started in hiring a professional condo management company.

1. The initial meeting

Find a reputable property management company – such as Del Condominium Rentals in Toronto – and schedule the first meeting with one of its associates.

In this meeting, it’s important to review the details of what the property management company can offer. Describe your property, share your plans for the property and your goals, and ask as many questions as you think of.

Your property manager should be able to help you make all the important decisions on when and how to proceed.

2. Sign an agreement

Once you have selected a professional property management company and discussed all the important details, it’s time to sign an agreement. This contract will detail everything you have agreed upon and is the last step before the firm gets to work on your behalf.

3. Market your property

In the first two steps, you’ve hammered out all of the details, and you and the property management company have been agreed on a contract. Now it’s time for them to begin marketing your property – to help it stand out from the crowd.

This is where a quality property management company shows its mettle. Using its experience in the industry, it can now list your property in places potential tenants will see it – and to now only find but also screen prospective tenants. Finding the right tenant can make or break the success of you investment condo.

4. Finding the perfect tenant

Once your condo is listed and the inquiries begin to flow in, the property manager will handle everything. They will go through all of the queries, and screen potential candidates to find the perfect tenant for you.

The firm will invite interested parties to view the condo, explain all its features and characteristics, and conduct these meetings like an interview process to get to know these potential tenants.

When a prospective tenant is serious enough, and the property manager is comfortable with them as your renter, they will perform a credit check and call their references. Are they a good fit? Will they show respect for your unit and treat it as their home? Does the property manager foresee any issues with the tenant being able to pay the rent? These are among the key questions your manager will navigate.

5. Signing the rental agreement

Once the property manager has performed all the above steps to their – and your – satisfaction, it’s time to sign the rental agreement.

Again, this is where the manager’s experience and expertise will show – having found a suitable tenant, and now creating a suitable rental agreement.

Importantly, the rental agreement is a legal document that should include everything to ensure your safety as the property owner. Remember what we said in Step 1? Ask lots of questions. If you don’t understand something, ask the manager to clarify.

And, of course, they will do the same when they review it with your tenant.

6. Tenants move in

If all five steps to this point are successful, it’s now time for your new tenants to move in. The property manager will get them settled and receive the key deposit and the first month’s rent.

After they move in, the property manager will perform routine checkups to see how things are going, as well as perform regular maintenance when needed. For any larger repairs that pop up, the property manager will handle those as well. This is again where their expertise will shine through – finding and working with credible service providers that may be needed, such as a plumber.

You won’t have to worry about a thing, but since this is your property and you are ultimately the boss, ask your property manager that you be kept in the loop, and that you receive a full report afterward.

Otherwise, sit back and watch the rent flow into your bank account, while your tenant helps pay down your mortgage and the value of the property grows.

It’s a win-win-win.

Ready to set up that initial meeting?

Del Condominium Rentals is awaiting your call, to help you complete these six important steps, so you can be well on your way to becoming successful rental condo landlord.

RELATED READING

Building or renting out a condo? Call Del Condominium Rentals

In Conversation With… Shanker Narayanan, Del Condominium Rentals


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The Davis Residences celebrates grand opening success in Newmarket

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The Davis Residences celebrates grand opening success in Newmarket

The Davis Residences at Bakerfield recently celebrated its official grand opening in Newmarket. The successful event attracted many excited potential homebuyers interested in discovering unprecedented modern urban condo living in Newmarket.

Excited crowds attend The Davis Residences’ official grand opening in Newmarket. Photo: Greg King

Rising 15 storeys, The Davis will be located on Parkside at Davis, in the heart of Uptown Newmarket’s urban centre. The Davis is the first phase of a 4.4-acre master-planned community that will consist of three towers rising above a beautifully landscaped courtyard and a new urban park. The residential community will boast approximately 500 new suites.

The Davis celebrates its official sales office grand opening with a ribbon-cutting ceremony. Left to right: The Rose Corporation’s President Daniel Berholz; CEO Sam Reisman; Vice-President Andrew Webster; and Milborne Group’s Vice-President Brian Shew. Photo: Arthur Mola

Developed by The Rose Corporation, the modern condominium is designed by Toronto architecture firm RAW to meet LEED Silver requirements incorporating the latest in advanced energy-efficient building methods and materials. The building presents a sleek and sophisticated urban design with spacious, liveable suite layouts ranging from one- to three-bedroom configurations. The building will be surrounded by a communal 20,000 sq. ft. park with a children’s playground, which will help to enhance the public realm while at the same time provide a health-conscious and safe social space for local area residents.

Photo: Arthur Mola

The condominium will also feature outstanding indoor amenities, including a stunning designer lobby and modern lounge with a fireplace and gallery; state-of-the-art fitness centre and yoga studio; elegantly-appointed party room with kitchen; furnished guest suites; kids play room; landscaped rooftop terrace; pet spa and bike racks for those who intend to explore the many attached local bike trails.

The Davis’ future residents will be in the heart of it all placing them walking distance to a wealth of boutique shops, restaurants, galleries and local services along Main St. Centrally located along a VIVA Rapidway route, just steps to Newmarket GO station, and close to Hwys. 404 and 400, The Davis will be at the heart of this emerging region that is naturally poised for a residential density boost.

The elegant one- to three-bedroom condo residences are priced from the $400’s to more than $600,000.

For more information register at thedaviscondos.com. Those interested in ownership opportunities at The Davis should email sales@thedaviscondos.com, call 905.235.9200 or visit the sales office at 693 Davis Dr., Newmarket. Hours are Monday to Thursday, 1 to 7 p.m.; Saturday and Sunday noon to 5 p.m.

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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.

RELATED READING

Etobicoke is development central, literally


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