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This new condo will serve as the first mixed-use development in South VMC. This will turn this area into the entertainment capital of Vaughan.
Festival Condos is a new mixed-use development by Menkes Developments Ltd and QuadReal in Vaughan. This pre-construction condo is located in Vaughan Metropolitan Centre. The major intersection is Jane St and Highway 7. This development is a part of the Mobilio master-planned community.
Aside from upmarket interiors, this development greatly impresses with its great transit access. This development is steps away from subways and busses. This makes is a transit-oriented residence that caters to commuters.
It is an upscale development that looks to be a great investment opportunity.
Festival Condos Highlights:
Development Name: Festival Condos
Developer (s): Menkes Developments Ltd.
Project Type: Condominiums
Location: 1 Commerce Street, Vaughan, Ontario, Canada L4K 5C3
Number of Floors: 33 & 21 storeys
Number of Units: 656 units
Date of completion: 2025
This condo development 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.
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:
What’s more, the future is very bright for this area’s continued development.
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 Mackenzie 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.
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.