Park Place is the newest addition of SmartVMC by SmartCentres. This next phase of the 100-acre master planned community in the centre of the Vaughan Metropolitan Centre. Park Place is situated on 1.7 acres of land and it will consist of two towers of 48 and 56 storeys tall. The two towers will be connected by a three-level podium. The beautiful towers will overlook the future 9-ace central park.
Developer: SmartCentres, SmartREIT
Address:Commerce Street & Highway 7, Vaughan, ON
Architect: Hariri Pontarini
Building Type: Condominium
Building Status: Pre-construction
Selling Status: Coming Soon
Suite Type: 1 – 2 Bedroom(s)
Suite Size: 477 – 904 Sq Ft
Estimated Completion: 2027
Tower A is 48 storeys and consists of 310 one-bedroom units, 174 one-bedroom plus den units, 174 two-bedroom units, and 6 two-bedroom plus den units.
Tower B is taller than tower A, sitting at 56 storeys and providing 371 one-bedroom units, 151 two-bedroom units, and 56 two-bedroom plus den units.
The towers will contain 1,785 square metres at grade retail and commercial uses, and ample amenity space for its future residents. Most of the amenity space will be found within the podium as the ground floor will predominantly feature retail space in addition to storage, loading spaces and the two residential lobbies with concierges.
- Located in the heart of Vaughan
- Overlooking the Future Central Park
- 8 minute walk to Vaughan Metropolitan Centre Station
- 6 minute drive to York University
- Close to Highway 7, 400 and Highway 407
- 10 minute drive to Vaughan Mills
- 11 minute drive to Canada’s Wonderland
- 14 minute drive to Yorkdale Shopping Centre
- Close to shops, restaurants and schools
- An excellent transit score
- Nearby parks include Joey Panetta Park and Belairway Park
Investors should know that by 2031 the VMC is expected to have a population of 25,000 residents living in some 12,000 new residences. By that time, this new downtown core will be home to 1.5 million square feet of new commercial office space and 750,000 square feet of new retail space all while offering employment to some 11,500 workers.
The possibilities at the SmartVMC are endless, and an opportunity like the Park Place Condos will surely come as quickly as it goes. Don’t miss out on the opportunity to become a part of what some are calling the new “Downtown North”.
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