High-rise condo in Toronto
In the near future, a new condo complex will replace a historic site in east Toronto.
Elektra Condos is a new Toronto mixed-use high-rise condominium building. This pre-construction project by Menkes Developments and Core Development Group is situated at 212 Dundas Street East, close to the northeast corner of Dundas and Jarvis in the Garden District area. This is a 48-story residential condominium building with more than 500 unique units. The apartment provides a variety of lifestyles with studio to three-bedroom units.
Elektra Condos will be located in the Garden District neighborhood of east Toronto. This neighborhood is deemed family-friendly since it has a large number of low-rise residences, local schools, and is a more tranquil section of the city than the downtown center. This location is a fantastic spot to reside due to its proximity to the bustling streets of downtown Toronto. This development will be an excellent alternative for families and young professionals who work downtown and want to return to a more tranquil area of the city.
This neighborhood is served by several streetcars, and Dundas Station is just an 8-minute walk away. This station on the Yonge-University Line 1 will transport passengers to Union Station within four minutes. This property will be constructed in a hotspot of the city, adjacent to several urban conveniences, making it an excellent investment option.
Future Elektra inhabitants will find it simpler to finish their elementary and secondary education in the neighborhood. This is because there are several neighboring schools that give great education. John Fisher Junior Public School, Northern Senior School, and Marshall McPhail Catholic Secondary School are among the elementary and secondary institutions within walking distance. This property is ideal for students since Ryerson University and George Brown College are about a 10-minute walk away.
Yonge-Eglington offers a variety of facilities, including shopping, restaurants, grocery stores, and more. The Royal Ontario Museum, which is a natural history museum, scientific center, and world-class storehouse of knowledge, is a major tourist site in the area.
This new property will have a 20,000-square-foot leisure space for its inhabitants. This location features both indoor and outdoor amenities, such as a contemporary sound studio, gaming center, garden café, co-work lounge, party lounge, theater, children’s section, fitness studio, and yoga studio. Until then, the outside amenities will include a patio with seats and lounging areas, as well as a fireplace terrace where guests can warm themselves beneath the stars.
This condo is anticipated to include great suites with modern finishes and big floor plans. The majority of apartments will include expansive balconies, enhancing the overall ease of condo living. Every room will have contemporary kitchens and stunning bathrooms. Menkes and Core saw a chance to conserve this structure while transforming it into a thriving residential neighborhood. Menkes has collaborated with one of the most prominent and well-known architectural firms in the city, Giannone Petricone Architects, to design a new landmark with a large number of residential apartments.
Menkes Developments Ltd. is a well-regarded, privately held real estate company specializing in the development, acquisition, and administration of office, industrial, retail, and residential properties. The business was established in 1954 and is one of the biggest private developers in Canada, with a particular emphasis on the Greater Toronto Area (GTA).
The Toronto-based Core Development Group is a real estate development firm that was established in 2014. Corey Hawtin, the company’s founder and CEO, is the third generation of real estate developers in his family and comes from a long line of developers. On behalf of its investors and for their accounts, the company actively seeks, capitalizes, develops, and manages a diverse range of real estate projects. Because they think that value creation and sustainable growth go hand in hand, they also provide a wide variety of development and project management services to their clients and joint venture partners.