CentreCourt To Build First Residential Project At Vaughan Metropolitan Centre

SmartREIT is partnering with CentreCourt Developments on the first residential project at Vaughan Metropolitan Centre. It also marks SmartREIT's first-ever residential development. Each firm holds a 50% stake, and the parties are finalizing plans for a proposed development with 700 units in two towers, both 35 storeys. Sales are slated to launch next spring. CentreCourt brings downtown development expertise to the burgeoning VMC, anchored by SmartCentres Place, a 100-acre, 17M SF master planned development that’ll have an eight-acre park, 100k SF YMCA and direct connection to the extended subway, opening next year.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Suburban D.C. County Weighs Microhousing As Affordability Salve

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

RealPage Antitrust Case Ends With Nearly $360M In Settlements For Renters

ZOM Living Entity Files For Bankruptcy To Fund Fight To Overturn $323M Judgment

Golden Apartment Building Sells For $62M To Chicago Company

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More

Nord Group's Lawyer Moves To Quit, Says Entities Can't Pay Him

Housing Completions Close To 40,000 As LDA Adds Major Site And CEO Departs

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

Battered Mortgage REIT Suspends Dividend To Preserve Cash

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague