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Condo Project Summary
Welcome to the tallest towers in the VMC, this new condo with great transit access will serve as the first mixed-use development in South VMC.
Festival Condos is a new mixed-use development by Menkes Developments Ltd and QuadReal in Vaughan. This pre-construction condo is located at the major intersection is Jane St and Highway 7 , south east corner of Commerce St & Hwy 7 in Vaughan Metropolitan Centre.
This development is Block 3 part of the Mobilio master-planned community. Festival is the first phase of a 4 tower development ranging from 40-storeys to 65-storeys in height with a total of 2,376 residential units, the first towers launching are 65 and 55 storey high with approximately 1,300 units with layouts ranging from 1 bedroom, 1 bedroom plus den to 2 bedrooms.
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Festival Condos sets the standard for high-end accommodations. This is evident from its first on-site development which is built with many top-tier features and finishes.
As such, future Festival condo residents are sure to expect a luxurious homeowner experience.
- Open-concept kitchens with custom wood-paneled refrigerators and dishwashers
- Seven brand name appliances including Energy Star washer and dryer
- Bathrooms with custom-designed comfort-height vanity with marble top
- Awning-style operable windows
- An individually-controlled centralized heating and cooling comfort system
- Double-storey lobby with 24-hour concierge and seating lounge
- Fitness centre with separate weight room and yoga studio
- Theatre as well as TV and games lounge
- Party room with accompanying kitchen and bar with formal dining area
- Hotel-inspired guest suites
- Kids’ play room with accompanying outdoor play area
- Free WiFi at all all condo amenities
Aside from upmarket interiors, this development greatly impresses with its great transit access. It is an upscale development that looks to be a great investment opportunity.
Location & Neighbourhood
Vaughan Metropolitan Centre is an exciting community on the rise. It has undergone many improvements, and still has many more to go.
One of the biggest changes to the VMC is its improved public transit. Vaughan Metropolitan Centre Subway Station is a new stop on the TTC Line 1 subway.
It allows commuters to reach York University Keele Campus in 5 minutes. Or downtown Toronto in 47 minutes.
Not only that, Festival Condos location is the site of the SmartCentres Place Bus Terminal. Here, commuters can access bus routes for YRT, VIVA, and Brampton Transit.
But this is more than a transit-oriented residence. Existing and future amenities will soon lie close to this development. This will ensure this community becomes convenient and easily walkable.
Local retail and community services include:
- tVaughan Metropolitan Centre YMCA
What’s more, the future is very bright for this area’s continued development. Today's population for the City of Vaughan is 330,000 and is projected to increase by 30% by 2031 and today's employment is at 286,000 and is projected to increase by 29% by 2031 as well.
The proposed Concord GO Station is located near this development to the east. This future station will allow local residents to commute to downtown Toronto in 45 minutes. As well, the 342-bed Cortellucci Vaughan Hospital is set to open in late 2020.
What’s more, this area looks to welcome an influx of employers. Vaughan’s Central Business District is now the home of the KPMG office tower, and more are set to come.
Festival Condos has a premium location. It makes for a great investment opportunity.
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Festival Condo Developers
This developer is a fully-integrated, multi-disciplinary real estate organization. They have over 60 years of experience building mixed-use projects in the Toronto marketplace. Previous Menkes projects include Four Seasons Hotel & Residences in Yorkville, Empress Walk in North York City Centre, and Harbour Plaza / One York in the South Core district.
Read more about this developer.
This developer is a global real estate investment, operating, and development company. They are headquartered in Vancouver, British Columbia. They have a $27.4 billion portfolio that spans across 17 countries. As such, this developer aims to be a leading global real estate partner.
Read more about this developer.
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