Think 25 Years in Real Estate? for Everything You Think Baker! Need to Know
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PH2 nationalpost.com NATIONAL POST, SATURDAY, JULY 14, 2018 newhomes M2M goes first-class A TWO-TOWER CONDO DEVELOPMENT IN NORTH YORK IS HONG-KONG BASED AOYUAN INTERNATIONAL’S FIRST FORAY INTO TORONTO BY LISA VAN DE VEN oyuan Inter- in Toronto, our goal was to national is leaping achieve a grand statement,” into the Toronto Cray adds. market with an Named for the site’s postal 8.6-acreA mixed-use condo- code, M2M was not only de- minium community just signed to enhance the neigh- north of Yonge and Finch. bourhood, but is attracting If that sounds like a big buyers from the local com- commitment for a newcom- munity as well. While the er, it is, but the Hong Kong- developer has seen a mix in listed developer is serious terms of demographics at about investing in the city the site — including young and sees M2M Condos, their professionals, as well as largest development in the move-up and move-down country to date, as a spring- purchasers — many are con- board for the future. nected in some way to that “Over the last 20 years, To- local neighbourhood, San- ronto’s gone through an in- tino says, with some even credible transformation and sharing fond memories of there’s just so much more to Newtonbrook Plaza itself. come,” says Vince Santino, And that location was a Aoyuan’s senior vice-presi- key factor in Aoyuan’s deci- dent of development for sion when choosing the site Eastern Canada. “It’s really of their Toronto debut. Not become, we think, a very only does the project have global, international city. a Yonge Street address, but We’re thrilled to be here.” the Finch subway station Aoyuan is taking over the and GO bus terminal are site of the current Newton- only a seven-minute walk brook Plaza in North York, away, with local amenities and the first phase is now in like Shoppers Drug Mart, registration. The company, Starbucks and Tim Hortons a subsidiary of Guangdong, also easily accessible. Center- China-based Aoyuan Prop- point Mall — home to Can- erty Group, has also brought PHOTOS: PETER J THOMPSON/ NATIONAL POST adian Tire, Lowe’s and Hud- residential projects to frui- Aoyuan International is entering into the Toronto market in a major way with 8.6-acre mixed-use condominium son’s Bay — is two minutes tion in Vancouver and Syd- community just north of Yonge and Finch with two towers in the initial phase. north by car, while Mezza ney, Australia. Notte Trattoria, Whole Foods The developer launched Market and the Toronto Cen- M2M with plans for two tre for the Arts are just a stop towers of 36 and 34 stor- or two south by subway. eys, with 810 condominium The developer hopes to units, 35,000 square feet of build on that with its own retail and 40,000 square feet retail mix. While the specific of office space. Units ran- retailers are still unknown, ging from 500-square-foot Santino says a name-brand one-bedroom condos up to grocery store is a priority. 1,400-square-foot town- The site will also feature houses are now selling pre- a connection to the future construction, with prices Cummer Avenue subway sta- starting from $389,900. tion, as currently proposed Construction is expected to in the Yonge Street subway begin next year, with first- extension plans. phase occupancy slated for Another thing Aoyuan 2022. is adding to the commun- But that’s just the start. Centerpoint Mall is just up the street from where the The M2M development will be located near premium ity? Their own Toronto Spread over three phases, M2M condo development will be built. office space like Manulife’s North American Centre. headquarters, Santino says, the new community will which will be integrated in- feature a total of five tow- jor things people are going of creating a vibrant new and curtain-wall glazing that flair expressed on the exter- to the first phase and allow ers when completed, with to see coming into the city neighbourhood,” says Rudy enhances views from indi- ior architecture,” says Kelly them to continue to develop 1,600 condominium units, south of Steeles.” Wallman, principal with vidual suites,” Wallman adds. Cray, principal with U31. condominium sites through- 100,000 square feet of office To help bring their vision Wallman Architects. Also taking inspiration U31 also designed the out the city. He expects M2M space and 80,000 square feet for the site to fruition, the An eight-storey podium from the planned park, To- site’s amenity spaces, which will be the first of many. of ground-floor retail. There developer enlisted the help will connect the two build- ronto firm U31 is design- include a two-storey yoga “We’re here to stay. Our will also be a public park, of Toronto-based Wallman ings of the first phase, scal- ing the interiors, including lounge and fitness studio mandate is to sell to local community centre and day- Architects, which designed ing the project to fit the a showstopper two-storey overlooking an internal buyers and be as much a lo- care. an exterior of geometric Yonge streetscape around it. lobby that will layer nat- courtyard, as well as a the- cal developer as anyone else “We think this project is glass blocks, incorporating The new park, part of phase ural stone, full-height book- atre, party room and chil- in this city,” Santino says. going to be a statement for glass walls that define the two, will provide a buffer for shelves and warm metallics. dren’s play area. An infinity “It’s a great time in the city many years to come for us, retail areas and townhouses the low-rise homes to the “We envisioned a luxury pool will feature views to the to be doing this. There are so and a great thing for North facing the new park. “We east. “The towers are set well urban interior that draws west. “Considering that this many positive things about York and the City of Toron- are creating a sophisticat- back from the edge of the po- on the natural elements is the first phase of the mas- Toronto.” to,” Santino says. “It’s also ed, modern design esthetic dium and are clad in a com- found in the new park, as ter-planned community, and To register for M2M Condos, probably one of the first ma- that supports the intention bination of glass guardrails well as the contemporary Aoyuan’s first development visit m2mcondos.com. MORTGAGE RATES 07.14.18 RATES ARE SUBJECT TO CHANGE. SELECTION OF FINANCIAL INSTITUTIONS MAY VARY WEEKLY. FIGURES SUPPLIED BY FISCAL AGENTS Variable rate 6 months 1yr 2yr 3yr 4yr 5yr Variable rate 6 months 1yr 2yr 3yr 4yr 5yr BANK Home Trust n/a n/a - n/aop 3.49 - n/aop 3.74 - n/aop 4.30 5.04 5.34 ATB Financial 2.65 4.50 - 4.50op 3.14 - 4.50op 3.39 - 4.50op 3.49 3.59 3.69 Investors Group Trust n/a 4.20 - 6.95op 2.99 - 7.10op 3.59 - n/aop 3.19 4.89 3.39 Alterna Bank 2.45 4.40 - 7.15op 3.55 - 6.50op 3.64 - n/aop 4.05 3.25 3.25 MTCC 3.65 4.75 - 6.95op 3.69 - 6.70op 3.59 - n/aop 4.04 4.49 5.34 Bank of Montreal 3.60 n/a - 7.25op 3.44 - 7.25op 3.60 - n/aop 4.15 4.89 3.54 OTHER Bank of Nova Scotia 3.65 4.75 - 6.95op 3.69 - 6.70op 3.59 - n/aop 4.04 4.49 5.34 CIBC 3.45 n/a - 7.25op 3.39 - 6.35op 3.34 - n/aop 3.64 3.59 5.14 Alterna Savings 2.45 4.40 - 7.35op 3.59 - 6.70op 3.64 - n/aop 3.49 4.49 3.29 Equitable Bank n/a 3.49 3.69 4.30 5.04 5.34 Comtech Fire C.U. 3.45 6.20 - 6.40op 3.05 - 6.30op 3.10 - n/aop 3.15 3.20 3.45 HSBC Bank Canada 2.39 3.69 - 6.75op 3.24 - 6.35op 3.19 - n/aop 3.49 4.29 3.44 DUCA Credit Union 2.85 n/a - n/aop 3.74 - 5.75op 3.74 - n/aop 3.84 3.94 3.69 ICICI Bank Canada 3.50 n/a - n/aop 3.19 - n/aop 3.19 - n/aop 3.94 4.29 5.14 First Calgary Financial 3.20 4.09 - 6.95op 3.24 - 7.00op 3.24 - n/aop 3.29 3.34 3.44 Manulife Bank 3.45 4.45 - n/aop 3.34 - 3.95op 3.44 - n/aop 3.54 3.64 3.84 National Bank n/a 4.40 - 7.05op 3.49 - 7.05op 3.74 - n/aop 4.30 3.59 3.64 First National Fin. LP n/a 4.09 - n/aop 4.09 - n/aop 3.64 - n/aop 3.64 3.69 3.79 Royal Bank 2.65 n/a - 7.45op 3.24 - 7.45op 3.34 - n/aop 3.49 3.59 3.74 Industrial Alliance/IAP n/a 3.94 3.84 3.74 3.99 3.54 Simplii Financial 3.45 n/a - n/aop n/a - n/aop 3.34 - n/aop 3.59 3.54 4.79 Luminus Financial 4.00 n/a - n/aop 4.10 - 6.95op 4.20 - n/aop 4.35 4.80 5.34 TD Canada Trust 2.65 n/a - n/aop 3.04 - 4.50op 3.44 - n/aop 3.49 3.89 5.59 Meridian Credit Union 2.45 n/a - n/aop 3.04 - 6.30op 3.29 - n/aop 2.99 3.89 3.49 Tangerine 2.45 n/a - n/aop 3.29 - n/aop 3.34 - n/aop 3.39 3.49 3.59 PACE Savings & C.U.