It will become, only in few years, the NEW CORE. It will be a new core location to be added to Downtown, North York and Yonge/Eglinton. Do you remember what they used to be like and what it is now? That is what’s happening here, within span of just few years this area will be the newest and hottest CORE!
Menkes is one of the most trusted names in the Toronto marketplace, with over 60 years of experience, countless awards over the decades and landmark mixed-use projects including Four Seasons Hotel & Residences in Yorkville, Empress Walk in North York City Centre, and Harbour Plaza / One York in the South Core district. As one of the largest private developers in Canada, Menkes is a fully-integrated, multi-disciplinary real estate organization, that engages in both residential and commercial/retail development, with in-house design, construction, customer care and property management teams.
QuadReal was established to manage the real estate program of the British Columbia Investment Management Corporation (BCI), one of Canada’s largest asset managers with a $145.6 billion portfolio. With objectives to deliver prudent growth and strong investment returns, and to create and sustain environments that bring value to the people and communities it serves, QuadReal has a $27.4 billion portfolio of operations spanning 23 global cities across 17 countries. Together, Menkes and QuadReal have the expertise and resources to deliver the exciting and innovative vision of the Festival community.
You are in good hands with Menkes and QuadReal. They are experienced, reputable, award-winning and professional.
Vaughan Metropolitan Center (VMC) has been steadily defining itself as the new core of the Greater Toronto area (GTA). Offering density for residences, employment, entertainment, and supported by accessibility through various modes of transportation, this growing urban centre is quickly becoming one of the most desirable places to live in Canada.
The consistent growth and developments in Vaughan have been initiated by the Municipal and Provincial Government through the city’s Secondary Plan, focused on developing VMC’s residential and employment hubs. FESTIVAL, the second phase of a Master Planned Community by acclaimed developer, Menkes, is supported by major mobility hubs (VMC & 407) and will boast the housing diversity (condominiums and townhomes) and lifestyle amenities within the heart of VMC.
Menkes’ inspiration for developing such a landmark community was thoughtfully designed, catering to VMC’s growing population, with the core expected to house an additional 25,000 residences over the next few years. The continued rise in population by families, single professionals and academics have been further encouraged due to VMC’s residential property tax of 0.7%, making it one of the lowest in the GTA, thus encouraging home ownership.
With the City of Vaughan’s Community Improvement Plan (CIP), which is offering competitive incentives to encourage office development, VMC’s demographics of skilled professionals continue to be a catalyst behind Vaughan’s title as largest employment hub in the York region. The CIP has fostered the development of 1.5 million sq. ft. of office space, attracting globally recognized employers to VMC. Furthermore, the close proximity to York University’s Keele campus, one of the biggest university campuses in Canada with over 60,000 registered students and 7,000 faculty staff. In addition, Mackenzie Health Hospital is on track for a 2020 completion, which will offer the country’s first fully integrated smart technology, and further support the health and employment needs of the city.
Complemented by the renowned shopping centres (Vaughan Mills, Yorkdale), entertainment (Canada’s Wonderland, Skyzone, Cineplex Colossus) and recreational centres (Trio Sportsplex, YMCA & Vaughan Sportsplex II), FESTIVAL in VMC offers unparalleled variety for the entire family. Anchored with vast green space, FESTIVAL is walking distance to parks and trails, including a purposefully designed vertical park and outdoor amenities, FESTIVAL is offering residents the essential connection to nature.
With the city of Vaughan’s commitment to developing a downtown metropolitan area, FESTIVAL will boast the entertainment, employment, and outdoor connection to truly define it is a balanced neighborhood in a blossoming urban centre.