Toronto Loft Conversions

Toronto Loft Conversions

I know classic brick and beam lofts! From warehouses to factories to churches, Laurin will help you find your perfect new loft.

Modern Toronto Lofts

Modern Toronto Lofts

Not just converted lofts, I can help you find the latest cool and modern space. There are tons of new urban spaces across the city.

Unique Toronto Homes

Unique Toronto Homes

More than just lofts, I can also help you find that perfect house. From the latest architectural marvel to a piece of our Victorian past, the best and most creative spaces abound.

Condos in Toronto

Condos in Toronto

I started off selling mainly condos, helping first time buyers get a foothold in the Toronto real estate market. Now working with investors and helping empty nesters find that perfect luxury suite.

Toronto Real Estate

Toronto Real Estate

For all of your Toronto real estate needs, contact Laurin. I am dedicated to helping you find that perfect and unique new home to call your own.


Tag Archives: Great Gulf Group

GTA waterfront properties in high demand

Suzanne Wintrob, National Post

Looking to own a piece of waterfront? By the looks of it, developers think everyone does and are eagerly pumping their high-rise and low-rise waterfront properties to anyone who will listen.

From Cobourg to downtown Toronto and all the way to Oakville and Burlington, the waterfront is abuzz with activity. Projects already on the market are pushing their last remaining units, while new developments are either awaiting final approval or are under construction and set to launch.

“People everywhere view waterfront ownership as a sound investment, especially in high demand areas,” says Marc Hewitt, president of Niche Development Ltd. building Oakville’s Edgemere Private Residences. “Waterfront land is a commodity, and in urban areas such as the GTA, it’s a scarce commodity. That makes it a sound investment and something people take great pride in owning.”

While Muskoka chairs and pesky black flies may be missing from this urban waterfront equation, it’s the idea of waking up and gazing out at the lake — or walking the dog a block or two to it — that has purchasers hooked. Even the well-chosen names — among them Bluwater, River City, South Beach and Westlake — conjure up thoughts of sand castles and seagulls in a bid to heighten sales.

The lifestyle is so desirable that a decade ago the governments of Toronto, Ontario and Canada joined forces to create Waterfront Toronto, charged with overseeing the renewal of Toronto’s waterfront. Derek Goring, director of development at Waterfront Toronto, says the corporation is taking a “holistic” approach to waterfront development by creating people-focused neighbourhoods with a mix of residences, commercial and retail space, public spaces, plus community necessities such as childcare, schools, community centres, libraries and access to transit.

Initially, 13,000 residential units are planned for Toronto’s East Bayfront and West Don Lands areas — 7,000 and 6,000 respectively — with another 27,000 units expected over the next decade in those ‘hoods plus North Keating by the Don River. At least 20% will be affordable housing, says Mr. Goring, and 20% will be rental. All will be LEED Gold-certified. One-quarter of residential design will be devoted to public green space, he adds. In fact, this summer, Canada’s Sugar Beach at the foot of Jarvis Street and Sherbourne Park at the foot of Sherbourne Street will open in the East Bayfront area, with construction starting later this fall on Underpass Park and Don River Park in the West Don Lands.

“What makes Toronto’s new waterfront communities so appealing is that, not only are they at the water’s edge, but they are also in the heart of the city,” says Mr. Goring. “This waterfront gives people the best of both worlds — the beauty and tranquility of life at the lake and the culture and vitality of the urban experience.”

The first two developers to sign up are Great Gulf Group developing East Bayfront’s Parkside, a 540,000-square-foot project including a residential tower (launch date expected in 2011); and, Urban Capital building the West Don Lands’ River City, comprising 900 loft-style condos, penthouses and townhomes over the next five to seven years. Phase 1 — two high-rises totalling 348 units — is now selling at $239,900 to $750,000 with occupancy in late 2012.

Although River City is a Waterfront Toronto initiative, it is not technically “waterfront” because it is not on Lake Ontario. But it will have beautiful views of the revitalized Don River and will sit on the new 18-acre Don River Park. Ben Rusonik, River City’s sales manager, says Phase 3 will be situated closer the lake, so it will have actual lake views. But at this point, he says, River City’s slogan is “This is Where it Starts,” a reference to it being the first private development on the Waterfront Toronto property.

Down the road in Etobicoke, sales at South Beach Condos + Lofts are brisk. When complete, the four-acre project will comprise two 27-storey, 313-unit Art Deco-styled glass-and-steel towers, 30,000 sq. ft. of amenities including pool, squash courts hotel guest suites and a pet daycare, 16,000 sq. ft. of retail space, and reflective rooftop solar panels to generate energy. Tower 1 is sold out and Tower 2, with summer 2012 occupancy, is more than 80% sold.

After years of building up Montreal, Amexon Development Corp. decided to bring its expertise to Toronto’s waterfront with this four-acre site conjuring up thoughts of Miami’s funky Ocean Drive. Jason Shiff, Amexon’s executive sales manager, says the company had owned the land for a while but was waiting for the right moment to bring it to market.

“We wanted something that would enhance waterfront living,” he says. “It’s really vacation-type living to the tee. It emulates South Beach and Ocean Drive. It gives you the exact same Art Deco features.”

Nearby, Vancouver-based Onni Group of Companies is finalizing plans for its second Toronto project after The Garrison, this one at Lake Shore Boulevard and Park Lawn Road. Westlake — described by executive vice-president Chris Evans as “an urban village” with internal roads and storefronts — will comprise 1,300 units in three towers, the tallest with 48 floors, plus 85,000 sq. ft. of retail including national grocery and drug stores, and 25,000 sq. ft. of amenities. Units will range from 500 to 1,500 sq. ft., though pricing has not been announced.

Oakville’s coveted waterfront is also seeing some action. Daniels Corp.’s executive vice-president, Niall Haggart, describes the 12-storey, 68-unit One Eleven Forsythe as “a quintessential boutique condominium nestled on the shores of 16 Mile Creek in downtown Oakville.” Only a handful of suites remain, priced from $1.2-million to more than $2.5-million, with all suites on the east side of the building overlooking the water.

In Oakville’s Bronte Village, The Pemberton Group has taken over an old piece of land that once housed a grand heritage home. In its place will sprout Bluwater Condominium, with three eight-floor buildings and 10,000 sq. ft. of amenities infused with a wellness theme. The 220 units will range from the low $400,000s for a 600-sq.-ft one bedroom to more than $1-million for a 3,200-sq.-ft. combined suite with wraparound balcony. All purchasers will receive a one-year membership to the Oakville Club. The project will launch this fall, construction will start next year, and occupancy is expected in 2013.

“[This is one of] the most sought-after locations in real estate,” says Christopher Invidiata, team leader at Re/Max Aboutowne Realty in Oakville who has worked the area’s real estate market for 25 years. “[Bluwater] is also set in a resort-type setting, which elevates the living experience. The combination of those two facts will drive a lot of buyers to our doorstep.”

In Burlington, Molinaro Group is working on a 21-storey, 186-unit tower called Strata Condos. It is 75% sold, with remaining units selling for $265,000 to $900,000. Billed as “luxury condo living for the hip, fit and green,” company president Vince Molinaro says he expects Strata to receive at least LEED Silver certification. Besides the obligatory fitness centre, Strata will include a 5,600-sq.-ft. meditation garden, a 3,000-sq.ft, ground-level bicycle storage room to encourage cycling, and a car share program.

But the real draw will be the waterfront, says Mr. Molinaro, even though the project is not right on the water’s edge.

“With Burlington being close to downtown, the waterfront is the focus,” he says. We have probably one of the biggest parks that will not be developed. … The downtown is all focused along the waterfront — all the shops, all the restaurants are [there]. That’s the big draw for most people.”


Contact the Jeffrey Team for more information  –  416-388-1960