Festival CondosHighway 7 / Interchange Way, Vaughan, ON L4K, Canada
PHASE 1 & 2 SOLD OUT!
PHASE 3 IS COMING MARCH!
Festival Condos is a new pre-construction project located at 1 Commerce St, Commerce St & Interchange Way In Vaughan. Developed by Menkes. Menke’s newest master-planned community located at the heart of the ‘Vaughan Metropolitan Centre’ the epicentre of convenience, connectivity and innovation.
Menkes’ master-planned development in VMC spans over 100 acres, with new developments planned annually to create thoughtful residential and commercial density. The importance of transit-oriented developments in a growing city centre like VMC will take a new life with Menkes’ first release of FESTIVAL.
FESTIVAL Condos will consist of multiple, high-rise towers that are set to become the tallest condominium development in South VMC. Designed with proximity to new retail shopping, amenities and steps from the VMC subway, FESTIVAL Condos will redefine the VMC landscape for urban families and professionals. This will be the beginning of what will become the first mixed-use development within the entertainment capital of Vaughan – setting a new standard and era in city development.
Festival Condos Highlights:
-Located at Commerce St & Interchange Way, in the heart of the brand new Vaughan Metropolitan Centre
-Steps to the Brand New Subway station that connect you to Downtown Toronto
-Multi-Billion Dollar re-development of a brand new downtown that will include new office towers, hotels, entertainment district, convention centres and much much more
-Incredible opportunity to invest in an emerging downtown before it is developed!
Festival & VMC; Balance Urban Neighborhood
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 first phase of a Master Planned Community by the acclaimed developer, Menkes, is supported by major mobility hubs (VMC & 407) and will boost 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 homeownership.
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 the 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 boost the entertainment, employment, and outdoor connection to truly define it is a balanced neighbourhood in a blossoming urban centre.
The Ultimate in Connectivity – Festival is strategically located close to the Vaughan Metropolitan Centre TTC Subway station, which is a transit hub that is also serviced by the Viva, YRT and Zum transit systems, representing connectivity to neighbouring cities like Richmond Hill, Brampton and Markham. Quick access to GO Transit is also a short distance away from Festival situated to the South, which offers regional transit service to all parts of the Greater Toronto and Hamilton Area. Beyond public transit, getting around by car at Festival is a breeze, with convenient access to Highways 7, 400 and 407.
Lifestyle Amenities – As a thriving new urban centre, Vaughan Metropolitan Centre offers lifestyle amenities as diverse and dynamic as its residents. A shopper’s dream, Vaughan Metropolitan Centre boasts a quick commute to renowned shopping centres like Vaughan Mills and Yorkdale. For adult-friendly and family-centric dining, VMC caters to foodies and families with restaurants like Jack Astors, Moxies and Chop Steakhouse & Bar. GoodLife Fitness and the YCMA provide fitness facilities for every family member’s health and recreational needs. Jet-setters will enjoy hopping on Highway 407 to Toronto’s Pearson International Airport in less than 20 minutes.
Education & Accessibility – With the Finch West Subway Extension to VMC, students and faculty travelling to the York University Campus upgraded up from a 40-minute bus commute to a 7-minute subway ride, transforming the concept of convenience in Vaughan and sparking a new wave of home-buying interest. Almost 60% of the Finch West Subway extension ridership is utilizing the Campus-centric stations. No longer restricted to student housing or Toronto’s rental market, students and educational professionals alike are seeing Vaughan and the VMC as their first choice for convenience-centric housing.
Connection to Nature – Festival Condos is about more than just connections to transit and highways, it’s also about the human connection to nature. All city dwellers yearn for balance and a reprieve from their busy lives. Nature, in the form of parks and green spaces, offers a vital opportunity for residents to reconnect with themselves and their families. With a pedestrian-friendly, human-scale mix of townhomes and condominium towers, Festival is anchored by a network of attractive outdoor spaces, including a park, walking paths and family-friendly play areas.
Master-planned Community – Festival is a thoughtfully-designed community with the perfect balance of high-rise condominium towers, townhomes, green space and amenities that meet the needs and desires of a wide-ranging demographic of buyers. Set within the context of the exciting VMC urban centre, with accessibility to multiple rapid transit and highway networks, Festival represents the convenience of downtown living with the space and comfort of the suburban lifestyle.
Award Winner Developer – Festival Condos is a joint venture from Menkes and QuadReal. Menkes is one of the most trusted names in the Toronto marketplace, with over 60 years of experience 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.
Vaughan is at the centre of the Greater Toronto Area public transit and highway infrastructure and as Vaughan grows, so does its mix of housing options from single-family homes to high-density condominiums. This new Cosmos Condos development will be situated in the Vaughan Metropolitan Centre which is the City’s “new downtown”- a proposed 125-acre mixed-use development. “A vibrant, modern urban centre for residents and businesses that encompasses all amenities of urban lifestyle from inspiring multi-use office towers, residences, open green space and urban squares, pedestrian shopping areas and restaurants, to walking and cycling paths. All coexisting with some of the most technologically advanced sustainable buildings in the world.”
Festival Condos Property Details
Menkes Developments Ltd.
Selling Status: Platinum Access
Estimated Completion: 2024
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