Vancouver, BC, Canada – Concert is pleased to announce the acquisition of a significant development site in the Etobicoke neighbourhood of Toronto which will be transformed into a multi-phase, master-planned community.
Located on the western edge of the Etobicoke city centre on Dundas Street between Kipling and Shaver Ave, the site will accommodate over 1.1 million square feet of primarily residential space. Emerging as an area undergoing significant growth and development, this transit-oriented site is within a five minute walk of the Kipling Station – allowing for easy access to the downtown core via TTC or GO trains. Additionally, Highway 427 is easily accessible, providing excellent connections to the 400-series highways. Concert’s first master-planned community in Toronto, Village Gate West is located just over one kilometre away and is home to three rental highrises in addition to a Tapestry seniors retirement community.
“Concert has a proven track record when it comes to creating transformative and innovative master-planned communities both in Toronto and Vancouver” said Brian McCauley, Concert’s President and COO.
“This acquisition provides the opportunity to build upon the success of Village Gate West and create another vibrant, complete community.”
Since expanding into the Ontario residential market in 2001, Concert has completed over 2,100 homes, with a further 450 currently under construction. Aproximately 500 additional homes will be created in the heart of downtown Toronto with the construction of 88 Scott, a 58-storey mixed-use development now pre-selling.