Park Place Condos | Vaughan
Park Place Condos is a new condominium project to be positioned at Highway 7 and Commerce Street in Vaughan. This development, now in pre-construction phase, is by SmartCentres and The Remington Group. The nearest major intersection is Jane Street and Highway 7
SummaryProject: Park Place Condos | Vaughan
Storey: 48 and 56
Developer: SmartCentres and The Remington Group
Address: Commerce St & Hwy 7, Vaughan, ON
Park Place Condos is the latest addition of SmartVMC and the second phase of the 100-acre master planned community which sits in the heart of the Vaughan Metropolitan Centre.
The mix-use development will comprise two towers — 48 and 56 respectively – sitting on a 3-level podium. The two towers will house 1,111 condo units in total. Units will include a mixture of 1-bedroom, 1-bedroom + den; 2-bedroom and 2-bedroom + den layouts ranging from 750 – 805 square metres.
The project will as well feature 10,000-plus sq. ft. of retail space on ground level and a 3-level underground parking garage that will feature 429 vehicle parking spaces and 650 bicycle spaces.
The anticipated completion date is slated for 2027 while VIP Launch is set for spring 2022.
Park Place Condos Highlights
- Nestled right in the heart of Vaughan Metropolitan Centre
- Has a Walk Score of 26/100, Transit Score of 74/100 and Bike Score of 56/100
- Located just moments to Highways 7, 400 and 407
- 8-minute walking distance to Vaughan Metropolitan Centre Station
- Within 10-minute drive of Vaughan Mills
- Within 10-minute drive of Canada’s Wonderland
- Within 14-minute drive of the Yorkdale Shopping Centre
- Located near several shopping, dining and entertainment options
- Close to schools
- Within 6-minute drive of York University
- Close to parks including Joey Panetta Park and Belairway Park
Park Place Condos will feature great amenities that will include two residential lobbies with concierges, lounge and games room, a cycle lab, fitness area with yoga and wellness spaces and a spacious outdoor terrace featuring an outdoor cooking area.
The building, which will be smart technology equipped will also have Wi-Fi in all common areas, as well as touch free entry, smart thermostats plus app integration.
Park Place Condos is located at a spot that allows for seamless travel across the GTA. The development is just steps to Vaughan Metropolitan Centre subway station.
The area is served by York Region Transit (YRT) which provides express and local bus service. Its VIVA bus rapid transit network serves a large station located only steps away on Highway 7 Motorists will have easy access to Highways 400 and 407.
Location and Neighbourhood
Park Place Condos will conveniently sit at the corner of Commerce Street & Hwy 7. It joins the rising number of high-rise projects in SmartVMC, where numerous other Smart Living residential developments are in the planning stage, completed or still under construction.
Labelled “downtown north”, this new community is focused on generating additional employment opportunities, transportation options, infrastructure and eventually an increase in population for the Vaughan Metropolitan Centre (VMC).
Park Place Condos will offer easy access to a range of shopping, dining and entertainment options hence enhancing the quality of the residents’ life.
Future residents will be just minutes to big box stores that include Home Depot, Costo, IKEA, HomeSens, Canadian Tire, Walmart SuperCentre and PetSmart. Also, Vaughan Mills – which ranks among the biggest shopping malls in Canada — is located under10 minutes from the development site.
Here shoppers can access 245-plus retailers as well as services from top luxury stores and prominent outlet stores. Residents will also be minutes to numerous eateries to choose from.
Everyone will have something to do with destinations like Cineplex Cinemas Vaughan, Canada’s Wonderland as well as Playdium all situated just moments away from each other.
York University, with over 50,000 students is just 2 Subway stops or 6-minute drive away from this future residence, hence making it an ideal place for off-campus accommodation.
High demand for units is anticipated here due to the convenient subway access combined with a plethora of retail amenities in the neighbourhood. Park Place Condos makes a fantastic opportunity not just for investors but also for young professionals as well as couples and growing families which should not be missed.
About the developers
SmartCentres is a prominent real estate company that was established in 1989, since when it has been developing on land in the Greater Toronto to provide exclusive residential as well as commercial projects.
It is focused on improving the lives of Canadians throughout the city and boasts $10.2 billion in assets. The firm also owns 34.2 million sq. ft. of income-earning value oriented retail space.
The Remington Group is a Vaughan-based family-owned real estate company that has been in the industry for over 65 years. The company has constructed thousands of new homes in the Greater Toronto Area.
Its portfolio comprises quality schools, recreational facilities, shopping centres as well as master-planned communities in exceptional and high-end locations.