Inside the GTA – a look at development in and around the GTA in August 2022
August 17, 2022
Madison Group recently hosted the official ground-breaking ceremony for The Capitol Residences at the corner of Castlefield and Duplex avenues in Toronto.
Josh Zagdanski, vice-president, highrise, at The Madison Group, along with Alessandro Munge, founder and design director of Studio Munge and Toronto City Councillor Mike Colle spoke about the project and the passion it takes to conceptualize and bring new life to the historic Capitol Theatre.
The famed theatre will be transformed into a stunning 14-storey residence, while preserving the original marquee and facade at the base three floors.
Fashion and fun at Friday Harbour
The resort community of Friday Harbour in Innisfil announced the return of its signature summer event highlighting Canada’s top fashion talent spanning two weekends – Aug. 12 to 14 and 19 to 21.
Set on the stunning shores of Lake Simcoe, the Pier will transform into an open-air fashion runway featuring a line-up of designers and brands curated by the Canadian Arts & Fashion Awards (CAFA).
The Fashion Collective Series is open to the public with complimentary programming and advanced ticketed options which include preferred runway fashion show seating and an after-party at Friday Harbour’s Beach Club waterfront restaurant. Visitors to Friday Harbour can also enjoy the resort’s signature attractions; the Nature Preserve, The Nest golf course, marina, and a collection of restaurants and retail on the Promenade.
Revitalization of community recreation centre begins
Toronto Deputy Mayor Ana Bailão was recently joined by Rafael Lazar, chief executive officer for site developer Almadev (formerly ELAD) to announce details for a revitalized Wallace Emerson community recreation centre and park and a new childcare centre.
Construction of the new facility and phase one of park improvements on portions of the site have already begun, as part of the Reimagine Galleria Development plan. Construction is expected to be completed in 2025. The revitalization project will double the size of the current recreation centre to approximately 89,500 sq. ft.
Phase One of the Galleria on the Park master-planned community is comprised of mixed-use towers, Galleria 01 and 02, which broke ground in 2020. These towers include 150 affordable rental units, condominium residences and 40,000 sq. ft. of commercial space. Complementing the implementation of downtown Toronto’s largest community centre, this exciting development comes on the heels the next phase of Galleria, Galleria III, which has officially broken ground as well.
Merge Spaces is open for business
LCH Developments has opened a creative community hub called Merge Spaces in the southwest Scarborough community of Cliffside Village – and it looks amazing.
The first of its kind in the area, Merge Spaces rents private and shared workspaces to freelancers, entrepreneurs and businesses so they can connect, collaborate and share amenities. The social experience includes regular events programming for creatives, entrepreneurs, and professionals.
RioCan Living’s Verge Condominiums bringing new mixed-use development to The Queensway
RioCan Living celebrated the ground-breaking for Verge Condominiums with an on-site ceremony, less than a year after successfully bringing the project to market.
Conveniently located at the southwest corner of Islington Avenue and The Queensway, Verge is transforming a collection of three single-level retail stores into two mixed-use buildings, with prominent retail at grade, a new public park, adding vibrancy and animation along the streetscape. The 10-storey building on the west side of the site launched last summer and was quickly followed by the release of the 17-storey East Tower at the corner of the property. To date, all released inventory has sold out, with the remaining residences set to hit the market in 2023.
About Susan Legge
During her journeys around world of real estate, Susan has seen the good, the bad and the unbelievable as an investor, renovator and homeowner.