Thursday, 20 February 2014

Pinnacle Grand Park Part of Massive New and Planned Revitalization of Downtown Mississauga Centre

Development Name:  Pinnacle Grand Park 
Development Address : Grand Park @ Burnhamthorpe, Pinnacle, 28 + 38s, P+S/IBI
Development Type : Highrise - Tower - Skyscraper
Number of Floors:  38 Floors 
Developer:  Pinnacle International 
Architect :  Page and Steele (P&S) 
Rendering : If Available 
Location:  Mississauga Centre 

Pinnacle Grand Park - Mississauga Pinnacle Grand Park 2 is located at Mavis Road and Burnhamthorpe Road in Mississauga. The building will be 48 floors and showcase a variety of suite plans. The building includes a grand lobby entrance, as most condo's in this segment do, including an Atrium. The interior space was designed by Tanner Hill Associates and Deisgn. The exercise and wellness Space is over 20,000 square feet and includes swimming, hot tubs, and sun decks. There is also a private dining room, for those functions that require that special flare.

Mississuaga is located to the West of Toronto and has greatly benefited from the condo construction in its citycore as it tries to become more walkable and Pedestrian friendly from the auto centric route it had taken in the past as a great suburban magnet. It sees the success of Downtown Toronto and is now living in the rebirth of it's own core around the Square One Shopping Mall.

Here are some quick Renderings on the Mississauga Project which is being developed by Pinnacle International.

New Trends in Condo Buying Emerging in the Toronto Area

 A few new trends to watch out for in the Toronto area when it comes to buying homes as well as buying condos. When it comes to buying homes, the latest tactic is to put a property which had previously been listed on the MLS system, on a bidding site, or list through an auction house to get buyers, sending the price of single detached homes soaring.

 As for condos the latest buying technique is the new trend with regards to micro housing, or micro condo living. And we’re seeing now, specifically designed condos to meet that purpose. Another new trend to look out for is the lack of supply in the purpose built rental housing market in Toronto. Even as new condos come online there remains a shortage of apartments built specific to that purpose, so condo rentals have increased even as vacancy climbs, rentals rates do as well.

 Busy Condo Market Boosts Toronto Home Sales 

With fewer homes in the detached category available in Toronto, new home buyers seem to be opting for new condos, with sales heading forward at a rocket pace last month. Sales of Existing Homes in the Toronto area moved up by a whopping 2.1% in February 2014, and that is compared to the same time period last year. That was mainly due to a 12.5% increase in the sales of condos within the city so stated by the Toronto Real Estate Board. That will contrasts with the sales declines that occurred in townhomes, detached and semi-detached housing during the month, which was mainly due to a constrained supply of those housing types.

No comments:

Post a Comment