All Posts by James

New LRT Line Development To Change the The Market In Toronto

Recently, a deal worth 102 million dollars was completed for Toronto Don Valley Hotel & Suites. The closing of this deal marked the start of positive momentum for the development along the Eglinton Crosstown Light Rail Transit (LRT) line. This is now under construction.

The construction is taking place along the east-west stretch of Toronto, which goes for about 19 kilometers. With this successful purchase, Fengate Asset Management and Freed Developments, the two partners, have together acquired a hotel having 354 rooms. This hotel is an existing one and is situated on a site that spreads across 5.4 acres.

An exciting location’s development in planning

There is potential to create a landmark project in the available space. These statements are coming from a couple of reports as well as from Land Service Groups, the brokers responsible for the vendor, that is, Allied Hotel Properties. It is exciting as well as a rare thing to witness this kind of deal.

This is because the joint partners have acquired a location that already has approval for rezoning at such a massive scale.

At present, Freed Developments has seven different residential projects that are ongoing n the city. Out of these seven, four of them are in close proximity to Eglinton Avenue. Fengate Asset Management is responsible for handling the join acquisition on behalf of two giants in the industry, Eastern Canada Pension Fund, and LiUNA Central.

Positive changes in place

There are quite a few amenities that will support the transit-oriented mixed-use development that is already in place. Investors in the city are looking forward with anticipation towards September 2021, that is when the estimated date of completion of LRT is.

There is a direct connection to the future Wynford station. Also, other nearby facilities include CF Shops at Don Mills, Aga Khan Museum, Ontario Science Centre, and the Ismaili Centre.

Convenience for the residents

The 25 stations of the Eglinton Crosstown line are majorly situated at the junction of north-south arterial roads. There are a few on the other locally significant routes of the city. All these routes collectively intersect with three of the major transit subway stations of the city.

At the same time, it will also connect to 54 different bus routes, and 4 GO lines. There is going to be a section stretching for ten kilometers that will take the commuters underground.

Looking into the developments in this upcoming LRT line, it is predicted that the city is going to see an investment boost in the area. This is because having the LRT line in close vicinity is going to be a great plus for the residents of the developments.

This is definitely a positive change that is coming to the real estate market conditions. Several changes in the way investors perceive the area are expected because of this excellent deal. Visit us again for more exciting articles like this.

150 Redpath Condos – The Art of 24/7 Amenities

In a market that some characterize as verging on saturated developers need to optimize value in order to attract the attention of buyers. The challenge then is how exactly to do that.

What amenities can your project offer that others don’t? Developers in Toronto have been grappling with that issue for several years and have come up with some fairly innovative answers. Some will provide beautifully landscaped greenspaces.

Others, stress the proximity of their projects to schools and medical centers. Others tout the unparalleled luxury of their furnishings. And the list goes on.

150 Redpath

Managing partner of Capital Developments Todd Cowan has his own take on the subject. According to Cowan, the 9 to 5 world of our parents and grandparents is a thing of the past. Work schedules are now unpredictable, and people find themselves both working and entertaining more at home. As a result, they want to live in a place that provides both robust technical and lifestyle infrastructure. Cowan believes his company's latest effort - co-developed with Freed and called 150 Redpath - addresses both concerns.

150 Redpath is the second phase of a project begun a few years back with the recently completed 155 Repath. That 34 story tower near the intersection of Yonge and Eglinton proved a substantial success and paved the way for approval of the current project, (which is nearing completion itself), directly across the street. The two towers form a kind of gateway to Midtown with well over 1,000 luxury units between them. But what about those standout amenities?

150 Redpath

Well, Cowan points to location for starters. The Yonge and Eglinton area is indeed one of the more vibrant social centers in the GTA. It's an area that is experiencing explosive growth and all the street level advantages that come with it. Including high-end dining, cafes, art galleries and more. But, according to Cowan, the building itself will provide the most obvious amenity. Which he characterizes as an "always on" approach to living.

Examples of this include the 24-hour concierge service as well as an in-house diner that never closes and delivers scrumptious delights to your room or your cabana by the rooftop infinity pool.

Should jousting with other players in the global we-never-close business community stress you out at 3 am you can always head to the gym for a hot-stone massage.

From an aesthetic point of view, 150 Redpath has all the modernist bases covered. The design by Peter Clewes of the architectsAlliance is tastefully minimalist with tall glass windows in the lobby that tie in the surrounding area. There’s an enclosed courtyard with water feature and a compelling yet subdued lobby ambiance created by Johnson Chou. The overall goal is to tie the two projects together into a low key but very real social hub that, as Cowan puts it, “will really feel like a global, jet-set community.”

Cowan is confident his "we never close" approach to contemporary life will provide the traction his projects need to stand apart from the growing number of cookie-cutter condos and make 150 Redpath the place to be.

Freed Developments also developed Grand Park Village condos. For more information, see our homepage.

Condos Swoop in to Rescue Dying Malls

It’s no secret that the internet/smartphone nexus has devastated traditional brick and mortar retail in many countries. In North America in particular countless formerly bustling shopping malls have been reduced to virtual ghost towns.

But while the problem has been developing for the better part of a decade, the response from those who own, develop and manage shopping malls has largely been one of befuddlement.

With lots of head-scratching and resigned looks and precious few innovative or otherwise effective responses. Until now.

How Condos Saved Dying Malls

buildingsIn a somewhat ironic twist, it seems the savior of the shopping mall might be another recent phenomenon: the condominium tower.

We say ironic because to at least some extent the death of traditional retail is due to people sitting on the sofa in their condo and shopping via their smartphone.

And though they’ve been slow to respond, it seems developers have finally decided to admit the obvious and join the condo to the mall. Hoping, at least in part, that the shorter distance between sofa and store will help breathe new life into moribund malls.

That’s exactly what’s happening at several once high-visibility, high-traffic retail sites across the GTA including malls in Yorkdale and other locations.

Changing Mindsets

Owners of these slowly fading enterprises are now moving forward with rezoning applications accompanied by bold plans to either level the existing mall and replace it outright with brand spanking new condo towers or to integrate some of the brand spanking new condo towers into the areas around the periphery of the mall itself.

For example, renowned developer Freed Development carries on its reputation by transforming the unsketched neighborhood of the Toronto skyline.

The end result of these moves is that locations that were once favored as retail havens attracting tens of thousands of customers daily will soon find themselves hosting thousands of permanent residents. It’s a startling turn of events that few foresaw as recently as just 20 years ago, when mall construction was still proceeding at a feverish clip.

But it’s also testament to the transformative power of the digital revolution and speaks to the increasingly precarious position traditional brick, and mortar retail occupies in the collective consciousness.

Drawbacks

buildingsIntegrating condo and mall is not a concept that’s going to work everywhere.

At the Galleria Mall at Dupont and Dufferin for instance, Freed Development is eyeing a complete makeover of the site. That means demolition of the existing retail strip and its replacement with several condo towers that will include limited new retail spaces in their podiums.

At the Yorkdale Shopping Centre, the situation is a bit different.

While the mall is in no immediate danger, Oxford Properties is taking a proactive approach. They envision a gradual 20-year transformation that includes the building of several condo towers, a hotel, and perhaps an office building to round out the commercial menu.

It’s seen as a win-win plan where, no matter if the mall eventually succumbs to the digital undertow or continues to thrive, the developers will be a good position to take advantage.

Though different developers will respond in different ways to the decline of the mall, it seems certain that the condo is poised to play a significant role in that response right across the GTA.

Click this page to know more about Freed Development’s other condo estate, Grand Park Village Condos.

Mimico House Is
A Heritage Property ⁠— Toronto Council

Toronto Council

Recently, Toronto Council gave its affirmation and has decided to provide a heritage designation to Mimico House, under the influence of the Ontario Heritage Act.

It was last month that the Etobicoke York Community Council's vote of 3-1 against the demolition permit of the Mimico House requested by the owner. The owner wanted to demolish the existing property to rebuild it for rental income. 

Denial of Permit

On March 19, the permit was denied, and the century-old property that is detached from the rest of the spaces in the locality was given a heritage designation as well as protection.

Diana Compton, Mimico House's owner, was denied the permit. Thus, turning the whole situation that seemed like a battle or war between the rights of the private house owners and the heritage preservation interests of the community.

Diana Compton appealed that she wished to rebuild the house to fetch incomes as rent from the property. Diana had become a single mother after her husband’s death in the year 2016 and hence, wanted an extra source of income for her financial ease.

She expressed disappointment in the community's decision and felt that her circumstances and rights as a house owner were given no consideration. She showed so in the form of an email after the Community Council decided against her appeal.

Developments in Etobicoke

Etobicoke is quite a populated region of Toronto with significant residential developments occurring at regular intervals. The most recent development which is gaining great popularity in the area is- Grand Park Village.

It is a mixed-use community by Freed Developments that is going to include residential, commercial as well as office spaces. See the development in this page. While there are newer developments like these coming up in the region, the old ones such as Mimico House are being retained as heritage designation as well.

History of Mimico House

Toronto Council

The house was declared under the city’s heritage inventory in the year 1998 and thus, was included on the City of Toronto’s heritage properties, also known as the heritage register.

As per the claims made by Dina, she says that she as well as her husband were completely unaware that the house was listed as a heritage property when they bought it in the year 2008.

The City heritage staff confirmed that the property owned by Diana is amongst the first residential properties that were constructed on 58 Wheatfield Rd.

After the permit was denied for Diana Compton, there were around 30 residents who addressed the issue to the clerk of the Etobicoke York Community Council. Mixed opinions were received on the problems. Some wrote in support of Diana Compton and the rights of the private house owners. And, there were a few in favour of the heritage designation as well.

Mark Grimes, the Etobicoke-Lakeshore Coun. Moved the final verdict in favour of the heritage designation. And, he also expressed that heritage is one of the hottest topics in Mimico and that it is a work which is still in progress. He believes that till the time the Community doesn’t start preserving the properties, they are never going to have any!

Reimagine Galleria: A Redevelopment Project By Freed & Elad

Reimagine Galleria by Freed & Elad

Reimagine Galleria is a project proposal between Freed Developments and Elad Canada. The neighborhood that is to be revamped was used as a mixed community and was established in the1970's. Since then, it grew to be forgotten, but Elad and Freed chose to focus on its potential, which is leading to is redevelopment.

Their brand new vision is to build a master-planned community in place of the Galleria Shopping Centre. The community will be all inclusive of residential space, office space, rental, and retail space as well. The most intriguing part of the entire development is that a customer survey was taken before is redesign began. This way, Elad and Freed created their design plans based on the requirements of the consumers.

The location of this project couldn't be in a better place. It is perfectly situated in an area that makes transit and the downtown core extremely accessible. One of their main objectives to achieve is building a community on its own. The Wallace Emerson Park is to be expanded and rebuilt to twice its size. The most attractive features about the community center are the childcare center and the artificial outdoors skating rink. The Galleria On The Park Master Plan had the TTC approve a busy bay to increase the flow of traffic. Pedestrian and cycling access throughout the entire is being given top priority as well.

condo buildings

The Condos will be luxurious and include a total of 2,891 residential units. From which, 150 will be affordable rental units as well. The units will include one bedroom to three bedrooms. The complex will also feature 20,000 square feet of office space, which will be beneficial for the investors. The whole idea is to create a live, eat, play, and work type of location and community.

The occupancy date, which is projected, is for 2021 as per the recent reports on the subject. This project is also to increase community engagement in the city of Toronto. The aim is to focus on not just the redevelopment but also the building memories and experience for the residents. This community is said to be perfect for both families and bachelors. This is also adding to the versatility of age and culture to the community. Lastly, the project will be exactly between Dufferin Street and Dupont Street and will stretch out to Emerson Avenue and Lappin Avenue.

Freed Developments and Elad Canada are extremely well-known developers in and around Canada, which assures consumers that the redesigning and revamping of this project is in good hands. Peter Freed the President of Freed Developments is a man with an obsession of detail and design. His mission and vision are to craft community-centric building each with their own unique attitude. Grand Park Village is one of the Freed’s recent projects (​​learn more here). True to his work, Grand Park village is a mixed-used condominium that is community-centric. Elad Canada, on the other hand, is reputed for their creative thinking and investments in untapped development opportunities. This exactly why this partnership and project works perfectly.

Grand Park Village Phase One: As Reviewed by TDRP

When the Galleria Mall opened in 1972 it was one of only three entirely enclosed shopping centres in the Old City of Toronto. Located at Dufferin and Dupont streets its 50 shops served the needs of the local community faithfully for more than three decades. Just after the turn of the 21st century, the mall was designated a “greyfield”, meaning it was considered ripe for redevelopment. Shortly afterward it was acquired by Freed Developments and ELAD Canada.

Recently, the Toronto Design Review Panel held a marathon session during which components of Phase One of the project were discussed. These include the new park and community centre which will serve as a backdrop for the forthcoming Grand Park Village Condos.

TDRP in Grand Park Village Condos

Designed by Hariri Pontarini Architects the master plan for the site received city approval in early 2019 and Phase One of the development process has already commenced. Just south of the planned residential blocks the aforementioned park is now taking shape along with the soon-to-be-opened Wallace Emerson Community Centre.

As construction progresses some portions of the old Galleria will be demolished while other portions - including the bank, grocery store, pharmacy and more - will remain open, providing important services to residents of the area.

The new park will have 3 distinct but fully integrated areas. At its eastern end will be the “Nature Heart”. A forested area with walking paths extending from Dufferin Street into the centre of the park where the “Play Heart” will take the baton.

The Play Heart will include a multi-use sports field and an artificially created hill. Continuing on through the park will take one to the “Community Heart” at the far western end, with its winter skating trail, public gathering areas and a BMX/skateboard area.

The Community Centre with its distinctive terracotta facade will echo the curvilinear nature of the street at this end of the park. Inside will be a gymnasium, fitness centre, running track, pool, childcare center and more. Atop the centre will be a landscaped roof terrace that will provide a refuge from the street and commanding views of the cityscape on all sides.

Western Park

One of the most important aspects of the park will be the integration and activation of the laneway on the western park border. During the presentation of Phase One plans a lively discussion took place regarding the exact nature of development along the laneway.

Some members of the TDRP suggested the current plan for integrating the laneway might be a bit utilitarian and not entirely up to the lofty standards set by the rest of the project. Although reaction to the project as a whole was extremely positive with various DRP members calling it “spectacular” or otherwise lauding its concept and vision.

The development of the new park and community centre will create a solid, generative foundation for the Grand Park Village Condos. And, because these important components of the master plan will be completed prior to the erection of GPV the neighbourhood will retain its vitality throughout the construction process. Freed Developments and ELAD Canada are proud to be associated with this forward-looking project. You can read more about it here.

New Condos Keep the Art Shoppe Legacy Alive

In an authentic way, the intersection of Yonge and Eglinton represents the beating heart of Toronto. Equidistant from the glittering towers of downtown and the cultural center of North Toronto and with the eastern and western ends of the city just a short stroll down Eglinton, it’s the perfect location for the new Art Shoppe Condos.

Designed by the architects Alliance the Art Shoppe Condos feature 12 and 28 storey components that will bring a total of 623 new homes to market when completed in early 2020.

The Developers 

New Condos Art Shoppe Furniture Store

The project, with its interior design by Cecconi Simone, has been making steady progress since concrete reached grade in 2017.

Since the beginning of 2019 other important milestones have been reached, including the forming of the podium and pouring of the tower’s 24 residential floors. With its final height of 99 meters in sight, the developers are on schedule to open in late 2019.

A recent visit to the site revealed that cladding was well underway and that window installation continues apace and should be approaching the 15th storey as of press time for this article.

Freed Developments, the developers of Grand Park Village (more info here), and their partners Capital Developments have already announced that the project is completely sold out, which makes this the latest chapter in a remarkable run of success for both companies.

Amenities You can expect

Residential Floors

The development rises on the site of the former Art Shoppe Furniture Store, founded in 1936 and for many years Canada’s largest furnishings store. The architects wanted to pay homage to the creative spirit that drove the team at Art Shoppe Furniture, and so they spared no effort in bringing together some of the most renowned creative minds to assist in the project.

Among the many inspiring aspects of the project are lobbies designed by the late Karl Lagerfeld, who for many years was Creative Director at Chanel. The Art Shoppe Condo lobbies will be remembered as one of the legendary designer’s last projects.

Other amenities include a wine tasting room, a juice bar and a dazzling infinity pool on the roof with south-facing views of the Toronto skyline. Level 3 of the Art Shoppe Condo will feature a lush green space courtyard created by Janet Rosenberg & Studio, complete with stately trees, boxwood hedges and whimsically sculpted benches.

The condo will also play host to some of the trendiest boutiques in Toronto spread out over tens of thousands of square feet of retail space sprinkled throughout podium. And there are plans in the works for both a major supermarket and a rooftop restaurant.

When will it be complete?

As cladding continues its relentless rise up the building exterior work continues within to finish out the myriad retail, community and private spaces within.

Work is also expected to commence during the summer on the rooftop infinity pool, which will be the longest in the city and take poolside luxury to new heights when it opens in 2020.

When finished the Art Shoppe Condo development will be the epitome of sophisticated urban living and create a nexus through which historical Toronto connects to a future defined by unlimited possibilities.



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