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Creating Wealth, Through Real Estate
Park Place
BRINGING REFINED LIVING TO VAUGHAN METROPOLITAN CENTRE
One of the fastest-growing neighbourhoods in Canada is about to grow a little more as SmartLiving introduces Park Place, the next phase of SmartVMC, SmartCentres REIT’s 100+ acre master-planned city centre in Vaughan’s new downtown hub. Located on the northeast corner of Highway 7 and Commerce Street and immediately adjacent to SmartVMC’s central 9-acre park, the two-tower proposal is set to expand the area’s emerging skyline, rising to heights of 48 and 56 storeys. These mixed-use towers build on SmartVMC’s transit-oriented, pedestrian-friendly development, adding to the vibrant community growing in Vaughan’s burgeoning downtown.
The two towers are designed by Hariri Pontarini Architects and will contain more than 1,100 residential units, with over 10,000 ft² of retail space at the base. The south tower rises 56 storeys with the north tower reaching 48 storeys, both of which sit atop a connected 3-storey podium. Given their location adjacent to the park and the Highway 7 corridor, the towers will offer uninterrupted views across the entire GTA. The proposal includes generous sidewalks and a public realm around the building, including a north-south pedestrian mews along the east edge of the site connecting Highway 7 to New Park Place.The first phase of the park will begin construction later this year.
At ground level, a generous retail plaza and expansive public realm integrate the development with its surroundings, with a trellis tracing the edge of the site to create an intimate gathering space. Condo units in the building are available in a variety of sizes, ranging from 470 to more than 1,100 square feet, and from one to three bedrooms. . Amenities are located on the second and third floors of the podium and include a fitness area with yoga and wellness spaces; a cycle lab; a lounge and games room; and a large outdoor terrace, complete with an outdoor cooking area. It is also being designed as a smart building, with Wi-Fi available in all common areas, and features such as touch-free entry, smart thermostats, and app integration.
Park Place joins a growing collection of high-rise developments in SmartVMC, where several other SmartLiving residential projects are planned, completed, or under construction, including five Transit City Condo towers; Artwalk Condos; and The Millway purpose-built rental tower. SmartVMC’s skyline also features the award-winning Class A KPMG Tower and the PwC-YMCA Tower, which is home to a brand new YMCA, slated to open very soon. These buildings are all centred around immediate access to public transit, with the TTC’s Vaughan Metropolitan Centre subway station and SmartVMC regional bus terminal at the heart of the community, and the VIVA/BRT line on Highway 7 along its perimeter. Park Place benefits from its location directly adjacent to the Commerce Street stop on the BRT line and is a short walk from the subway station.
