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** Street Smarts: A Look at the Lakefront’s Rising Condos**

As Seen in The National Post

What should Torontonians expect the waterfront to look like in 20 years? Nothing less than an entirely “different skyscape,” says John Campbell, president and CEO of Waterfront Toronto.

The rapidly changing neighbourhood is an intriguing place to be for those living along the lakeshore. “It’s going to be very exciting and vibrant. You’ll have retail, office and residential [components],” Mr. Campbell says. What’s more, he says, all of it will be cohesive. [Though] done by different builders, it will be consistent. “We’re making sure there’s really great design.”

Previously undeveloped areas will become neighbourhoods in their own right, including the West Don Lands, where developer Urban Capital Property Group is kickstarting an entirely new residential area with its project River City. Approximately 1,000 units are planned. With construction for the Pan/Parapan American Athletes’ Village underway in the neighbourhood as well, there’s a lot of momentum already happening, says Jeff Geldart, Urban Capital’s development manager. “Once those areas get populated, it’s going to be quite hard to stop it,” he says. “I think it’s going to bring a huge amount of value to the east end of Toronto.”

In the west end, meanwhile, the waterfront changes bring additional value to the condominium projects currently underway. Sue Young, sales manager for Onni Group, says many buyers cite the waterfront changes as one of their reasons for wanting to live close to the lakeshore. Onni has three buildings underway — Garrison, Local and The Yards — at its Fort York master-planned community. “They see there’s a lot of potential here,” she says. “The waterfront is a major selling point for them.”

Posted: Saturday, April 21, 2012 4:57 PM by Sutton Realty


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