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Blair Spittal explains how Hearts plan to harness the Copenhagen crowdVAUGHAN, ON , Dec. 11, 2024 /CNW/ - Menkes Developments Ltd. ("Menkes"), and QuadReal Property Group ("QuadReal") are pleased to announce the successful "topping off" of Festival, a four-tower community in the heart of south Vaughan Metropolitan Centre ("VMC"). Festival is already an architectural landmark on the Vaughan skyline with its distinctive sculptural white balconies and its tallest tower standing at 190.5 meters, making it the tallest building in all of VMC. The "topping off" is a major milestone in the construction progress, signifying the completion of the entire community's exterior structural framework. Festival broke ground in early 2021 and was named Canada's Best-Selling Condominium Community for two consecutive years in 2020 and 2021. The development sits on a 5.5-acre property bounded on the north and south by Highways 7 and 407, and Hwy 400 to the west. Festival is a significant project boasting 2,470 residential units across 4 towers ranging in height from 41 to 59 storeys, 70,000 square feet of state-of-the-art indoor amenities, 85,000 square feet of commercial space, ample public open spaces, and a covered pedestrian mews connecting residents and visitors to future phases of the masterplan. The overall value of Festival is $1.5 billion dollars . "As one of the fastest growing cities in Canada , the City of Vaughan is committed to delivering more housing options for our residents and future generations. I am proud to mark this historic milestone for Festival where families can soon call the Vaughan Metropolitan Centre home,", said Steven Del Duca , Mayor of Vaughan . "I want to thank Menkes Developments Ltd. and QuadReal Property Group for their dedication and support in getting more homes built in the city of Vaughan . By working together, we will help make housing more affordable for young families." "Festival is like no other project in the GTA – it's an ambitious, all-encompassing community that sets a new industry standard in Vaughan . We brought the urban lifestyle that we deliver in our large mixed-use projects like Harbour Plaza in the South Core and Sugar Wharf on Toronto's Waterfront to the VMC," said Jared Menkes , Executive Vice President of High Rise Residential, Menkes. "We worked collaboratively with the City of Vaughan's political leaders and planning staff to develop Festival to meet the needs of residents in one of Canada's fastest growing cities. Festival is a testament to all that can be accomplished when we work together." The first tower at Festival began welcoming residents earlier this year, with occupancies expected to continue for all towers through to Fall 2025. Festival will eventually be home to over 5,000 residents. "The creation of both Festival and the broader Assembly Park community has been a collaborative and thoughtful process, and we are thrilled to officially top off this dynamic part of the new Vaughan Metropolitan Centre," said Toby Wu , Executive Vice President, Development, Canada , QuadReal. "Leveraging a long-term approach to investment and development enables us to build thriving communities in markets where people want to live. Thank you to the QuadReal team and our partners at Menkes and the City of Vaughan for helping us bring our vision to life." Menkes and QuadReal have been the most active developers in VMC since 2019, with over 5,200 residential units built, under construction, and pre-selling. The partners recently completed Mobilio, VMC's first mixed-density residential community with three mid-rise condominium towers (750 units), 400 townhouses, park space and amenities all in one site. Following the success of the four Festival towers that are now commencing occupancies, last year Menkes and QuadReal launched the next phase of the masterplan known as Bravo – a three-tower community directly south of Festival. Bravo will feature 1,654 residential units, at grade retail, the continuation of the covered pedestrian mews, and a privately-owned public park space. The first two towers – East and West – at Bravo are currently 80% sold after being one of the GTA's best-selling communities in 2023. Construction for the first tower began in Spring 2024. The third and final tower in the project, the South Tower also known as Encore, is selling now with a model suite available for viewing at the Festival Discovery Centre. For more information, visit festivalsouthvmc.com . Leasing of the retail space of Festival has begun and inquiries can be directed to assemblypark.com . About Menkes Developments Ltd. Menkes Developments Ltd. is an award-winning, fully integrated real estate company involved in the construction, ownership and management of office, industrial, retail and residential properties. Founded in 1954, the company is one of the largest private developers in Canada , with a primary focus in the Greater Toronto Area . Menkes is known for its innovative, multi-disciplinary approach, superior design, and its expertise in large-scale mixed-used developments. The Company is regarded as one of the most trusted builders in Toronto , with a strong reputation for quality and customer service excellence. Past projects include the Four Seasons Hotel & Residences in Bloor-Yorkville, 25 York Street (Telus Harbour), and the two million square foot Harbour Plaza/One York commercial retail complex located in the South Core Financial District. For more information about Menkes, visit menkes.com and follow @MenkesLife . About QuadReal Property Group and BCI QuadReal Realty QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia . Its assets under management are $85 billion . From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest. QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come. QuadReal: Excellence lives here. www.quadreal.com Media Contact: Menkes Danny Roth – droth@brandoncom.ca Media Contact: QuadReal Hannah Wanlin – hannah.wanlin@quadreal.com SOURCE Menkes Developments Ltd. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/11/c7635.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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TROY, N.Y. — New York State Comptroller Thomas DiNapoli confirmed it. Troy can bond for lead pipes.The advisory opinion ends months of waiting and worries about the constitutionality of bonding $12.8 million of federal and state funding to replace lead pipes on private land as well as public. In September, the Troy City Council unanimously [...]
Georgia QB Carson Beck knocked out by hand injury in SEC championship game against TexasOregon started signing day behind Ohio State and Michigan in the Big Ten recruiting rankings and was poised to finish Wednesday on top. The Ducks flipped five-star cornerback Na’eem Offord from the Buckeyes and four-star quarterback Jaron-Keawe Sagapolutele from California — additions that pushed them to No. 4 nationally and No. 1 in the Big Ten in the A Big Ten-high four five-stars signed with the Ducks. Ohio State’s class, ranked fifth in the country, is highlighted by a pair of national top-five prospects in quarterback Tavien St. Clair and cornerback Devin Sanchez. Michigan’s class was rated third best in the Big Ten and seventh best in the nation. Quarterback Bryce Underwood, the No. 1 national recruit, was scheduled to sign his letter of intent with the Wolverines on Wednesday evening. Two other Big Ten teams were ranked in the top 20, No. 13 Southern California and No. 17 Penn State. Leader of the pack Oregon closed with a flourish with Offord and Sagapolutele flipping on signing day and four-star linebacker Gavin Nix switching from Miami on Tuesday. The Ducks signed some of the nation’s top prospects at wide receiver and cornerback. Dakorien Moore is the No. 1 receiver and Dallas Wilson is No. 4. Offord is the No. 2 corner, Brandon Finney is No. 5 and Dorian Brew is No. 8. They also signed a second quarterback, the four-star Akili Smith Jr., whose father was the Ducks’ quarterback in 1997-98 and an NFL first-round draft pick. Best of the rest Five-star quarterback Husan Longstreet was USC’s top signee, and the Trojans beat out Ohio State and Oregon for five-star defensive lineman Jahkeem Stewart. Penn State landed the No. 4 offensive lineman in the country in Malachi Goodman. Among eight four-star defensive players to sign was linebacker LaVar Arrington Jr., whose father was a 1998 All-American for the Nittany Lions and No. 2 overall draft pick in 2000. Nebraska signed four-star linebackers in Dawson Merritt and Christian Jones and got a pleasant signing-day surprise when four-star wide receiver Cortez Mills flipped from Oklahoma. Under the radar Iose Epenesa, the No. 14 national prospect and No. 3 defensive lineman, continues his family’s tradition at Iowa. The edge rusher from Edwardsville, Illinois, is the brother of former Iowa star AJ Epenesa. Another brother, Eric, is a walk-on linebacker for the Hawkeyes. Their father, Eppy, played at Iowa in the 1990s. ... Indiana’s breakthrough season produced a minimal bump in the recruiting rankings. The Hoosiers, who signed 21 players, went from No. 16 last year to No. 13 in the Big Ten. . ... Maryland signed four four stars, including the nation’s No. 5 quarterback prospect in 6-foot-4, 215-pound Malik Washington. ... Michigan State didn’t sign a four-star recruit for the first time since at least 2009. ... Purdue, three days after the firing of Ryan Walters and coming off one of the worst seasons in program history, signed just six players. Star of the class Michigan’s NIL collective reportedly offered Underwood an eight-figure financial package and Tom Brady provided a strong nudge to two weeks ago. Underwood is from Belleville, Michigan, less than a half-hour drive from Ann Arbor, and he has said playing close to home also was a factor. Underwood is the first No. 1 national prospect to land at Michigan since defensive end Rashan Gary in 2016. Biggest surprise An Ohio State stocking cap sat alongside Auburn and Oregon ballcaps on a table at Offord’s signing ceremony at Parker High in Birmingham, Alabama. He picked up the Auburn cap and put it on for a split-second, then flipped it into the crowd and put on the Oregon cap. With three of the top eight cornerback prospects and four-star safety Trey McNutt expected to sign, the Ducks would have the highest-rated group of defensive backs. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up . AP college football: andFacebook, Instagram and WhatsApp crash after 'technical issue' in Meta apps