Grand Festival

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High-Rise Condos in Vaughan

1 Commerce St, Concord, Vaughan, ON

In Vaughan, the Grand Festival Condos are a recently constructed mixed-use condominium complex. Pre-construction of this Menkes Developments Ltd. and QuadReal project is situated in Concord at 1 Commerce Street, intersection of Jane Street and Highway 7. Including two condominium towers, phase two will add 1,106 new units in total.

Investors and purchasers will adore the opulent quarters, exceptional transportation, and ideal neighborhood ambiance that this brand-new condominium will provide. There is a commercial-grade fitness center and an enormous supermarket on the podium.

Amenities

This new town will include 75 acres, with additional projects planned annually to increase residential and commercial density
Two prominent structures have been added to the development: a 61-story tower with 592 flats and a 47-story tower with 514 units
The floor designs will feature 1-bedroom, 1-bedroom + den, 2-bedroom, and 2-bedroom + den apartments ranging in size from 537 to 905 square feet
Each tower will be built on a 4-6 level platform with retail and amenity space that will be connected by a beautifully balanced bridge
The Pavilion on the podium's fourth story, as well as a wide outdoor terrace on the fifth floor, will have fire pits, barbecue stations, attractively planted dining and lounging spaces, an outdoor theater, and a dog area
The complex also contains a big public green space spanning 74,000 square feet, which serves as a common area for condo residents and tourists

Price: From $520,000 to over $750,000
Cost of Parking: $72,000.00
Cost of Locker: $7,500.00

$5,000 Certified Funds upon Signing
Balance to 5% in 30 days
2.5% in 90 days
2.5% in 180 days
2.5% in 370 days
2.5% in 540 days
2.5% in 720 days
2.5% in 870 days
1% on Occupancy

Highlights

Neighborhood

The Grand Festival Condos will be situated in the master-planned community of South VMC. This vibrant new neighborhood is experiencing numerous significant renovations that are elevating the area to unprecedented levels. Furthermore, it is positioned to develop into one of the most expansive master-planned communities in Canada. The condominium development will be situated in an ideal Vaughan neighborhood, close to all necessities. Moreover, the combination of condo amenities and adjacent community facilities will ensure that you never have to venture outside the convenience of your neighborhood.

Transportation

With major thoroughfares in close proximity, movement within and around this community is notably effortless. Highways 7, 400, and 407 are conveniently located, facilitating travel to the surrounding Greater Toronto Area.

Approximately thirty minutes are required to reach downtown Toronto via the DVP.

Education

This master-planned community is revolutionizing the condominium lifestyle. Residents will be in close proximity to dozens of dining, entertainment, and retail establishments. During the academic year, York University is conveniently accessible via a 10-minute metro journey, rendering it an excellent option for postsecondary students seeking off-campus housing.

Additionally, some of the province’s most prestigious public institutions are located in Vaughan, making the area an excellent place for families.

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Developer

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).

More projects from Menkes Developments Ltd.

Developer

QuadReal Property Group is a global real estate investment, operating, and development company headquartered in Vancouver, British Columbia, founded in 2016. QuadReal began as a full-service real estate operating firm in Canada and has since expanded its ability to engage in stock and debt in both the public and private markets. They invest directly, through programmatic partnerships, and through running companies in which they have a stake.