Tag Archives: future generations
Tridel Launches Nuvo 2 At The Essex
Nuvo 2 is the Fourth Residence in One of Etobicoke’s Most Successful Condominium Communities
In December 2000, Tridel introduced the Essex to Etobicoke, providing prospective purchasers both a fantastic location and great value for their money. Over the last five years this community has grown to include the Essex 2 and Nuvo at Essex, all the while offering the style and convenience of downtown living without the downtown cost. Continuing in this fashion, Tridel is unveiling Nuvo 2, the newest condominium planned for the community.
Set within a parkland setting of gardens, courtyards and walkways, The Essex community is an enviable escape from city life. The 29-storey Nuvo 2 at Essex, will complement the first three residences at The Essex with warm brick facades, painted glass spandrels and limestone-styled accents.
A curved and colonnaded entry leads to the grand two-level lobby that combines contemporary elegance with downtown flare. The inviting lobby blends curving lines with warm colours and natural materials to create a space that is simple, yet elegant. A stunning sculptured staircase links the upper and lower levels of the lobby, and acts as a focal point with its sweeping curves flowing from one level to the other. A stunning sculpture garden and water feature on the lower level also adds to the serene atmosphere.
Stylish and Affordable Suites
Following in the footsteps of Nuvo at Essex, which is now under construction, Nuvo 2 at Essex will offer the calibre of suite designs, amenities and security that is only found in the most desirable downtown locations – but without the high prices. Nuvo 2 at Essex offers a selection of one-bedroom, one-bedroom plus den, two-bedroom and two-bedroom plus den suite configurations, ranging in size from 684 to 1,032 square feet. Many suites include a balcony for outdoor living, and prices range from $166,000 for a one-bedroom design, up to $315,000 for a two-bedroom plus den design.
At the heart of every Nuvo 2 suite is a great kitchen with a selection of Nuvo 2 Signature Cabinetry and square-edge granite countertops, a ceramic tile backsplash and four black, premium appliances. Each kitchen also includes a breakfast bar, island or eat-in breakfast area.
Premium plank laminate floating floors are found in the kitchen and continue into the open concept living and dining area. In the bathroom, residents can also choose from a selection of Nuvo 2 Signature Vanity Cabinetry and cast granite countertops with a rectangular basin, which are complimented by ceramic tile floors, a vanity mirror, decorative wall sconce lighting and a luxurious deep soaker tub.
Each two-bedroom suite is a split bedroom design, with the spacious, open-concept living and dining room as the centrepiece of the suite. Flanking one side of the central living area is the large master bedroom, which is complete with an ensuite bathroom and a walk-in closet, while the second bedroom is located on the other side of the suite, with an additional bathroom, providing privacy for residents and guests. Each suite also features an ensuite laundry area, complete with a stacked washer and dryer, as well as a heating and cooling system for your comfort and convenience, while a personally encoded suite intrusion alarm, smoke and heat detectors add to your safety.
A Community For Tomorrow
In addition to building a stylish, affordable community in which to live, Tridel will implement its “Naturally Better†program at Nuvo 2 at Essex, a program that will give residents a high performance, efficient home, where they will directly benefit from a healthier living environment and reduced maintenance costs.
Nuvo 2 at Essex will come with numerous environmentally preferred features, including an efficient vertical fan coil heating and air conditioning system in each condo, as well as a central building water filtration system, and low-E, argon gas filled, double pane, awning style windows. Other great features include lighting fixtures designed for energy saving compact fluorescent bulbs, high efficiency Energy Starâ„¢ appliances, water saving toilets, faucets and showers, and low maintenance plank floors.
Residents will benefit from environmentally preferable corridor carpeting, wall coverings, adhesives, coatings and paints with low volatile organic compounds that help to minimize toxic odours, both in their suite and in the buildings common areas. Each condo will also be individually metered so that residents who conserve energy will pay less in utility costs.
Nuvo 2 at Essex will be Tridel’s third condo registered for LEED® (Leadership in Energy and Environmental Design) certification by The Canada Green Building Council. LEED® defines green buildings by establishing a common standard of measurement, promoting integrated, whole building design practices and raising consumer awareness of green building benefits. It’s the most recognized certification system for green buildings in North America.
Great Amenities, Great Community
Nuvo 2 will also provide residents with the very latest in athletic and social amenities at the 20,000 square foot Club Nuvo. This state-of-the-art recreation facility will include a fully equipped exercise room, aerobics studio and fitness lounge, an indoor pool, a whirlpool and separate men’s and women’s changing facilities, complete with saunas and steam rooms. Other amenities include Tridel’s famous Virtual Golf Centre, an elaborate party room with bar and caterer’s kitchen, a private dining room, a screening theatre, a lobby rooftop pavilion, and several beautifully appointed guest suites, not to mention a cards room, a billiards room and a business centre.
Only steps from the Kipling subway and GO station, residents can reach the downtown core in 20 minutes via subway, or can find themselves at Union Station in just 12 minutes by GO train. Travelling in and out of the area by car is easy with Highways 401, 409, 427 and the QEW mere minutes away. Lester B. Pearson International Airport is within a 10-minute drive and Bloor Street to the north offers motorists with an alternative route into downtown Toronto.
East of The Essex community are the cafés, and boutiques of Bloor West Village. This area is home to dozens of restaurants catering to just about anyone’s tastes. Meanwhile, minutes to the west, residents can find the Sherway Gardens Shopping Centre. This mall houses Holt Renfrew, Club Monaco, Sporting Life, Roots and The Gap to name a few, and is anchored by Sears and The Bay. Adjacent to the shopping complex residents can also find a host of great retailers. Heading south to the Queensway, Essex residents can enjoy a night at the movies or continue their shopping adventures at Costco or Ikea. And right on their doorstep, at Six Points Plaza, is the convenience of a large drug store, and a variety of shops and restaurants.
Builder Known for Quality
Tridel is Canada’s leading developer and builder of condos with more than 70 years of homebuilding experience. To date the Tridel Group of Companies is responsible for producing over 66,500 homes, and continues to lead the industry in innovation, technology and design. Tridel is determined to develop condo communities that meet the needs of today’s homeowners while safeguarding the wellbeing of future generations. The company is working to meet this goal by focusing on environmentally sustainable building design, performance in construction and corporate stewardship. In recognition of Tridel’s outstanding service to its homeowners, Tridel was awarded the coveted Customer Service High-Rise Builder of the Year Award by Tarion Warranty Corporation in 2005 for the second year in a row. Tridel was also recognized as High-Rise Home Builder of the Year by the Greater Toronto Home Builders’ Association in 2004.
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Toronto Condo Profile — Avonshire
Tridel and the K&G Group create Avonshire a community of style & elegance in North York
From New Homes & Condos Magazine
Two industry leaders, Tridel and the K&G Group, have partnered to create an extraordinary new North York condo community where old-world style will meet the sophistication of new-world elegance. With the announcement of their new partnership, Tridel and the K&G Group are pleased to introduce their exceptional new community of Avonshire, which will be the signature statement in architecture and design along the ever-popular and in-demand North York Avondale neighbourhood at Yonge and Hwy. 401.
Avonshire’s architecture will embody timeless and classical elements, providing an old-world prestige to the neighbourhood. Master-planned, sustainable and “Naturally Better,” Avonshire will also showcase new-world luxury and savoir-faire. Tridel, as one of the largest builders of sustainable condos in Toronto, is committed along with the K&G Group to building Avonshire as an environmentally responsible, energy efficient and healthy place to live. Every home built in the Avonshire community will be part of the Naturally Better program, and will be a candidate for L.E.E.D. (Leadership in Energy and Environmental Design) certification. As a Naturally Better community, Avonshire will be high-performing, using less energy to run while offering superior comfort to the homeowner. In turn, homeowners pay less money to operate the building and their own condo suites.
The Avonshire community will be the result of a well-executed redevelopment of the current Oakburn neighbourhood and will be connected by Harrison Garden Boulevard and Oakburn Crescent leading to Avondale Boulevard, and to say it is connected is an understatement. The Yonge-Sheppard Subway Station is less than a five-minute walk away; Hwy. 401 and the Don Valley Parkway make the rest of the city easily accessible. North York City Centre offers the Civic Centre with Mel Lastman Square, a wealth of shopping, grocery stores, dining, entertainment and theatre options, as well as a wide range of professional and community services, hotels, schools, library and places of worship.
When complete, the Avonshire community will be home to more than 1,100 families. Surrounding a one-acre central park, Avonshire will offer something to accommodate every lifestyle, including four high-rise condo residences, intimate neighbourhood blocks of three-storey executive townhomes, and an exquisite rental residence that will be managed by the service renowned K&G Group. The entire Avonshire community will also have exclusive access to a direct shuttle to the TTC’s Sheppard and Yonge subway lines, and a one-acre central park for year-round enjoyment.
This summer, Tridel and the K&G Group will release the first two condominium residences of this exciting, vibrant new community along with a selection of executive townhomes. The condominium residences will be offering a variety of one- and two-bedroom suites up to 1,600 sq. ft., as well as the larger, more family-oriented Tridel Signature Collection. Of course, Tridel quality amenity spaces will be provided in each of the condominiums and the equally appointed rental community.
“Partnering with such a quality, local, family-owned firm is a natural fit for Tridel,” says Leo DelZotto, President of Tridel. “The K&G Group’s dedication to superior quality and service shows in the company’s absolute care and commitment to go the extra mile. They share our pride in residents’ satisfaction, beautiful homes and distinct living arrangements. It is because of these parallel values that we are certain that this new partnership will result in an outstanding neighbourhood.”
Marvin Katz, President of the K&G Group notes, “Our extremely high regard for Tridel and their history of excellence gives us great confidence that the redevelopment of the Oakburn community will be spectacular. We are certain that Tridel and the K&G Group’s combined commitment to beautiful, quality homes will result in the foundation of one of the finest new master-planned communities in Toronto.”
A collaboration of distinction
The K&G Group, a private Toronto real estate company co-founded by Marvin Katz and Sam Goldband, has been building and managing properties in the Toronto region for almost 40 years. With expertise in both residential and commercial property management and construction, the K&G Group owns and manages over 1,200 rental apartment units in the Toronto area today, including those in the Avondale and Oakburn neighbourhoods.
The K&G Group’s business philosophy is to acquire properties in superior locations and to develop them into integrated, multi-use facilities that meet and exceed the needs of discerning tenants. As a result, the K&G Group has attracted and retained such prominent clients as international and national corporations, Canada’s banks and government agencies, and of course, thousands of local residents who regularly choose the K&G Group properties as their home.
Today, the K&G Group continues to focus on residential development and holds a substantial portfolio of Toronto-based apartment units. The K&G Group provides first-class service to all tenants and residents, and takes great pride in a proactive, reliable and hands-on management style. All of the K&G Group property managers are professionally certified by the Greater Toronto Apartment Association, Institute of Housing Management (IHM) and/or Association of Condominium Managers of Ontario (ACMO). The K&G Group is also a member of the Greater Toronto Apartment Association and the Multiple Dwelling Standards Association. In addition to the K&G Group’s professional involvements, they firmly believe in giving back to the community and actively support a variety of worthwhile charitable and cultural organizations.
Tridel is Canada’s leading developer and builder of condos with more than 70 years of homebuilding experience. To date, the Tridel Group of Companies is responsible for producing over 66,500 homes, and continues to lead the industry in innovation, technology and design. Tridel is determined to develop Toronto condo communities that meet the needs of today’s homeowners while safeguarding the well being of future generations. The company is working to meet this goal by focusing on environmentally sustainable building design and performance in construction and corporate stewardship.
Tridel has a proud tradition of customer service excellence and, in addition to receiving the inaugural 2006 J.D. Power and Associates award for Highest in Customer Satisfaction among new condominium builders in the GTA, every year for the past five years, Tridel has been a finalist in the coveted TARION Awards of Excellence for Customer Service and has received the ultimate award – Ontario Builder of the Year – in three of those years. In recognition of Tridel’s environmental stewardship, Tridel was also the first builder to receive the City of Toronto 2006 Green Award for Energy Conservation.
New Homes & Condos Magazine is an excellent source of housing information for those looking for information on new condos in Ontario, Canada. We offer the most up-to-date information on new communities across the Greater Toronto Area.
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Sweet real estate deals
Why battle the real estate market? Just buy mom and dad’s place
By Siri Agrell – Globe and Mail
The first night Ramona Frial and Steve Brown spent in their new home, her mom and dad slept in the basement.
Fresh from getting married in Italy, the newlyweds did not mind sharing their Brampton, Ont., house with Ms. Frial’s parents for three weeks – seeing as the older couple had owned the place for the previous 18 years.
“My mom said, ‘It will be our gift to you to give you a good deal on the house,’ ” the 29-year-old recalled this week. “We got a $60,000 discount.”
As real estate costs across the country continue to climb, many wannabe homeowners are sacrificing their dreams of ever living in a house as nice as the one they grew up in. Except, that is, for the growing number of people who are opting to actually buy the house they grew up in.
Sons and daughters are taking advantage of parental decisions to downsize, scooping up mom and dad’s place at less than market value.
And while moving into your parents’ bedroom may seem weird, those who have done so say it’s no more irrational than shelling out big bucks in a bidding war, or moving to a less desirable neighbourhood.
Ms. Frial’s parents originally bought her home in 1988, and she grew up there along with her three older siblings. Thirty-one-year-old Mr. Brown, too, was no stranger to the residence, having met his future bride when they attended a nearby elementary school.
“We started dating when I lived in this house,” Ms. Frial said. “There’s a lot of history.”
The couple was excited about the prospect of owning such a large house.
However, Ms. Frial said she did have reservations about entering into such a major financial transaction with her parents.
“I wanted to make sure I wasn’t ripping them off, because I knew they could get more and they’d be that much more comfortable,” she said. “But they insisted, and I couldn’t say no.”
Michael Lamb, a London, Ont., real estate lawyer, said families should think long and hard before allowing property to change hands between generations.
“Whenever I have clients say, ‘I’m thinking of giving this to my kids now as part of their inheritance,’ I always counsel against that,” he said. “It’s nice, but unless you can tell me you’ve got $5-million in the bank, don’t.”
Because people today are living much longer lives, retirement can often stretch over decades, he said, and many people underestimate the savings they will need.
He recommends that parents get a property appraisal before agreeing to a price, and says that both parent and child should be represented by their own lawyer.
For Hersh Forman, the process of buying his mother’s Toronto home was blissfully straightforward.
His father had passed away and his mother volunteered to move to a condo and give him the house. An only child, Mr. Forman did not have to clear the idea with siblings, and simply paid for his mother’s condo and moved into his childhood home along with his wife, Lee, and their eight-month-old son.
The couple now has four boys and a house that barely resembles the one his parents bought in 1961. Upon moving in, they took down the wallpaper and ripped out the carpet, added closets and even changed the colour of the front door.
“Of course, my mother would say, ‘Do you really need to remove that beautiful crushed red velour wallpaper that’s in the bedroom?’ ” he said. “She wasn’t upset, it was more like, why did we have to waste our money?”
Mr. Forman is not the only person on his street to take over a family home. A girl he knew growing up bought her grandparents’ house a block away and his next-door neighbour, Alan Savlov, bought his parents’ property last year, after his mother’s death.
“I asked my two brothers and they were not interested in buying the house,” Mr. Savlov said. “I bought out my two brothers and moved in.”
To avoid the potential pitfalls of sibling resentment, Mr. Savlov and his wife had three separate property assessments done to ensure he gave his brothers the fairest price.
The transaction gave him the opportunity to live in a neighbourhood he could not otherwise have afforded.
“The housing prices were just so exorbitant that we were shut out a number of times,” Mr. Savlov said of nearby homes he had previously tried to buy.
Gilles Duranton, a professor of urban growth at the University of Toronto, said these families are catching on to behaviour that has been demonstrated in Europe for decades.
“In some very posh areas of Paris and London, you have families living there for generations and generations,” he said. “It’s a way of creating a dynasty – big or small.”
But whether the trend will benefit future generations remains to be seen.
Mr. Forman said he and his wife will be eternally grateful to his mother, who has since passed away, for giving them their home, and that one of his own sons now jokes about taking over the property.
“Would I do it for my kids?” Mr. Forman said. “It depends. I’m prepared to help them in any way, but we like the house and we may just stay.”
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