Toronto Sun

Four years ago, when developer Ashley Ross first saw Toronto’s rapidly-changing Bloor and Lansdowne corridor, he realized the potential in the area.

Known by many names over the years, area residents voted earlier this year to “name the neighbourhood,” once and for all. Spearheaded by an organization called Fuzzy Boundaries, the oft-used Junction Triangle name won the vote in March 2010.

Ross’s project, initially known as 229 Wallace Lofts, on the site of the former D&M Building Supplies, became the first development to adopt the new neighbourhood name, Junction Triangle Lofts @ 229 Wallace.

Construction has begun on this collection of 10 exclusive two-floor clear span loft units designed to accommodate an eclectic mix of creative and professional uses.

“I had a vision for what this area would become,” says Ross, “and the gentrification is happening right in front of our eyes.” According to Ross, there are new galleries on Bloor, Wallace Film Studios is just down the road, and multi-billion dollar video game giant Ubisoft Entertainment is building its Toronto headquarters across the street from Junction Triangle, which has the potential to bring hundreds of highly-skilled new economy jobs to the area.

“In addition, TTC is right there which is an indicator that the area is poised for growth,” he says.

The neighbourhood already attracts entrepreneurs who can rent space or own their unit outright.

“What they can own is one of ten 2,850 square-foot units priced from $579,900, which is just $200 per square foot. Potential uses are vast allowing for retail, commercial, workshops, studios and more,” says Ross who sees potential owner/investors catering to software design and development, artists and photography studios, communications and broadcasting, publishing, custom workshops for sheet metal, carpentry, welder’s or contractor’s shops, performing arts studios and workshops, food wholesale/bakery/catering businesses, possible community service clinics or health centres, and even the option of brew on premises.

“The design echos Gothic architecture in the front façade, blends well with the mixed built form of the surrounding properties and will provide a fantastic addition to the cultural fabric of the neighbourhood. The plans also provide a a a lot of natural light coming in through large windows, especially at the back, which has a southern exposure,” Ross says. “We provide a space that’s ready for work with primed concrete block, separate heating systems and hot water tanks for each floor as well as finished bathrooms but purchasers have tremendous flexibility to what they want through upgrades and their own additions.”

“They can install ceilings or keep the industrial look of the exposed red steel beams and polished concrete floors. We also offer the option of some interior red brick and even have provided a rough in for a kitchen on the second floor,” he adds. Architecturally-controlled landscaped exteriors have a red brick front elevation and attractive split face architectural block at the rear and east elevation.

Unit features include 6″ reinforced smooth concrete slab-on-grade construction; oversized double-glazed insulated windows; 600-volt, 200-amp service with a main breaker; hanging pendant industrial lighting fixtures; and more.

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Contact the Jeffrey Team for more information  -  416-388-1960

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