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Nine-tower Emerald City project now sold out

Nine-tower Emerald City project now sold out
ELAD CANADA—The last phase of ELAD Canada’s Emerald City in north Toronto, which includes The Peak, The Point and Lumina, is currently under construction.

TORONTO—ELAD Canada has announced it has sold out all nine of its residential towers in the Emerald City development in North York, Toronto.

The project includes 3,000 condominium residences, 300 rental units in purpose-built rental buildings, the 50,000-square-foot Parkway Forest Community Centre and retail space.

Emerald City is located on 32 acres at Don Mills Road and Sheppard Avenue. The community master plan was developed by the firm WZMH.

WZMH designed all nine highrise towers as well. The buildings – Emerald City 1, Emerald City 2, Dream Tower, Colours, Park Club, Fifth on the Park, Point, Peak, and Lumina – are spread out over three city blocks, with the Dream Tower serving as a focal point, explained a release.

The last phase, which includes The Peak, The Point and Lumina, is currently under construction.

A national-brand grocer will be introduced as the anchor tenant of the Lumina mixed-use condominium building on the southern edge of the site, fronting onto Don Mills Road. The store, totalling 35,000 square feet, is currently under construction.

The LEED-certified community centre was designed by Diamond Schmitt Architects and opened in 2015. Facilities include a fitness centre with full-sized gym, dance studios, running track, rooftop garden, YMCA-run day care and an aquatic centre with an outdoor pool.

“What a rewarding achievement to reach complete sell-out in our flagship master-planned community, Emerald City,” said Rafael Lazer, CEO of ELAD Canada, in a recent release. “When we started this journey, we were energized by the amazing potential that we saw in North York.

“It’s a very gratifying moment to see the streets lively and animated with people enjoying the community as we intended.”

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