The radio campaign is in full swing and it's jingle is already getting stuck in our heads (I wanna flyyyy awaaaaay) and anticipation is building for Canary District, the largest masterplanned urban village in Toronto.
TalkCondo were lucky enough to be invited to discuss the project in more detail with one of the developers, Dundee Realty prior to the Platinum Launch coming very very soon. Canary District is named after the popular and historic "Canary Restaurant" (pictured below) which was located at Front & Cherry Street before they closed down in 2007.
DundeeKilmer won an intense bidding process for the opportunity to build this neighbourhood and were chosen ahead of a number of Toronto's leading developers. Waterfront Toronto are heavily involved on the site and are working hard to ensure that all the elements work together.
Canary District will be launching the first two condominium buildings that stand 11 and 8 storeys respectively in the coming weeks.
Canary District is part of the West Don Lands redevelopment (we have discussed in great detail here) and is the second major residential project to launch in the neighbourhood (following the very successful River City projects by Urban Capital). Master planned developments are extremely exciting for investors, and the West Don Lands project is one of the best examples of a master planned community done right.
Dundee Realty were heavily involved in the growth of popularity of the "Distillery District" and are no strangers to growing a community. Their three condominiums (Pure Spirit (completed), Clear Spirit & Gooderham (under construction)) have been extremely well received and they heavily influenced the style of boutique retail that is enjoyed in the Distillery.
The new West Don Lands will feature a brand new 18 acre "destination park" in the City (Don River Park), brand new retail (that we are told will feel like an extension of the Distilly District) and commercial space, a HUGE YMCA (82,000 square feet and will also be used by the athletes during the Pan Am Games) and brand new transit to connect the neighbourhood to the City.
THE PAN AM CONNECTION
One of the major reasons for the accelerated growth of the West Don Lands is that it will be the host of the Pan Am Games in 2015. The residences of Canary District will be completed by 2015, and what makes the project unique is that they will be used to house the athletes for the Pan Am Games prior to occupancy. The condominiums will be finished with "temporary" interiors until the end of the Games, at which time the developers will complete the condominiums as per specifications for the final buyer.
The team at Dundee Realty were extremely excited about the prospect, stating "imagine having a Gold Medalist living in your suite".
Canary District has garnered a lot of early interest and we can't wait to get our hands on more details. To register for guaranteed first access to this project, be sure to complete the form below!