Toronto Loft Conversions

Toronto Loft Conversions

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Modern Toronto Lofts

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Unique Toronto Homes

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Condos in Toronto

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Toronto Real Estate

Toronto Real Estate

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Tag Archives: west don lands project

Building a better future in Regent Park

Condos, shops and new community amenities all play role in renewal

Bryan Tuckey – Toronto Star

The transformation of Regent Park has a great deal to do with the work of a BILD member.

The 69-acre downtown Toronto neighbourhood is half-way through a massive revitalization project spearheaded by Toronto Community Housing Corp. and their builder/developer partner, The Daniels Corporation.

Comment: Having lived a lot of my childhood at Dundas & Ontario Streets, this is amazing to see.

“It’s wonderful to see the reaction people have for the transformation that has already taken place in Regent Park,” says Daniels vice-president, Martin Blake. “Unless you’ve actually been there, it’s hard to comprehend how much it has changed.”

I recommend that readers take a drive through the area — from its north border of Gerrard Street south to Shuter Street, and its west border of Parliament Street east to River Street What you’ll see is a complete community that is coming into its own, as well as the many cranes that are making it happen. It’s a $1.75-billion project which will include 5,500 new condominium units and townhomes, and more than 2,000 new replacement social housing units when it’s finished.

Comment: Add that to the West Don Lands Project to the south and East Toronto is getting a major facelift. Truly, it is the place to buy into now, as it will be THE place to be in another 2-3 years.

Regent Park
This integrated community also includes a 60,000-square-foot cultural hub called Daniels Spectrum, a six-acre park, an aquatic centre, a large grocery store, a bank, restaurants, office space, a dog park and the Toronto Birth Centre.

And there are more changes to come.

“A new City of Toronto community centre is under construction, which is three times larger than the existing community centre that will be replaced,” Blake says. “We’re adding Maple Leafs Sports and Entertainment athletic ground — the land is being prepared for that right now, and it will open next year — with certain facilities opening this winter, including the refurbishment of the ice rink.”

If you’re interested in the neighbourhood for your next move, you can see what’s available by touring what’s built.

“We typically don’t do a pre-sale; we build first and then we go on sale,” Blake says. “New-home buyers have the opportunity to see, touch and feel the home design that best suits their budget and lifestyle needs before they buy, and we’ve been doing that since 2006. That is unique in the city.

Comment: Um, no. Builders need 70-80% of units to sell before they get financing to build. They ALWAYS sell first and build after. That is what model homes are for.

“It changes the dynamic of the community, including if you’re in the resale market,” says Blake, adding that new-home buyers can say, “This is a brand new home that I can move into in six months’ time. I can actually move in.”

The newest condominium being worked on now in Phase 2 of the neighbourhood refurbishment is Daniels’ One Park Place South tower, which will be ready for move-in by the end of the year. Daniels is also preparing to launch a limited collection of condominium townhomes.

The builder often takes new-home buyers and foreign delegations on tours of the community to give them a feel for everything that is being built around the new-homes development. Some of the visiting tour groups have hailed from Kazakhstan, South Africa, the Middle East and Central America.

It’s difficult to see where the phases begin and end as they were designed to blend into each other.

“If you were to drive through the downtown east in five years’ time, it would be very difficult to see where Regent Park starts and stops,” Blake says. “It’s part of the fabric of the rest of the community.

“It’s always going to feel like a very special place in the city.”

I can’t wait for the next chapter in Regent Park’s evolving story.

Comment: You and me both!

Contact Laurin Jeffrey for more information – 416-388-1960

Laurin Jeffrey is a Toronto real estate agent with Century 21 Regal Realty.
He did not write these articles, he just reproduces them here for people who
are interested in Toronto real estate. He does not work for any builders.