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Grand Festival

Master-planned Living

The future is looking bright north of Toronto! Festival in South VMC is a new master-planned community rising in the heart of the action, in downtown Vaughan’s new Entertainment District. This mixed-use development complex is where design innovation and luxury will meet vibrant, city living. An open-air promenade will feature a curated offering of retail, restaurants, and entertainment, creating a bustling community space.

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About the Project

Entertainment Capital

Welcome to Grand Festival in South VMC, a master-planned community that will be the centrepiece of downtown Vaughan’s Entertainment District. Sitting amongst open-air promenades, parks, and retail space, surrounded by an array of dining and entertainment options, and just steps away from the subway. Festival Conos will be the ideal home for those living an energetic, hip lifestyle.

About the Project

Entertainment Capital

Welcome to Grand Festival in South VMC, a master-planned community that will be the centrepiece of downtown Vaughan’s Entertainment District. Sitting amongst open-air promenades, parks, and retail space, surrounded by an array of dining and entertainment options, and just steps away from the subway. Festival Conos will be the ideal home for those living an energetic, hip lifestyle.

Best Location!

Dominating the corner of Jane Street and Highway 7, Grand Festival condos has enviable access to public transportation options – it doesn’t get any more convenient than this address. As one of Canada’s largest master-planned communities, the VMC is poised to grow into the cultural and financial centre of Vaughan and Grand Festival condos is right in the middle of all the action.

Reasons to Invest

Connectivity. Grand Festival condos offer the convenience of connectivity with a number of multi-modal transportation options close by, including subway access to Vaughan Metropolitan Centre Station on TTC’s Toronto-to-York subway extension.

Residents of Festival Condos will have easy access to the subway and several local bus routes run in the area by York Region Transit (YRT), Viva and Brampton Transit. Residents will be able to easily commute into downtown Toronto in under one hour.

300 metres to Vaughan Metropolitan Centre Station
Steps to SmartCentres Place Bus Terminal with access to YRT, Viva, and Brampton Transit bus routes
Steps to VMC Vivastation with Viva Orange bus routes and the 501 Züm Queen BRT
5 minutes to York University Keele Campus
18 minutes to Yorkdale Station and Shopping Centre
25 minute to St George Subway Station
43 minutes subway to Union Station

Accessibility. Highways 400, 407, and 7 are within a short drive granting residents convenient access in and out of Vaughan and connecting with the Greater Toronto Area (GTA). Driving into downtown will take less than 45 minutes.

Shopping. Yorkdale Shopping Centre, Toronto’s preeminent mall, is located a short drive or subway ride from Festival Condos, giving residents convenient access to world-class shopping, dining, and entertainment.

QUICK FACTS

Menkes Developments and QuadReal Property Group have envisioned Festival in South VMC as a new master-planned community, the largest of its kind in Canada. This mixed-use project will offer a selection of townhomes and condominiums, open-air promenades, green spaces and parks, and retail stores.

The complex will consist of 4 distinct landmark residential towers: a 60-floor tower with 656 units, a 46-floor tower with 592 units, 55-floor tower with 614 units on the west side, and a 40-floor tower with 514 units on the south. Each tower will sit on a podium ranging between 2 to 6 floors and housing retail and amenities spaces. A retail-lined courtyard sits at the south end of the site. Street-level retail spaces will run along the north-south pedestrian border opening up to a large shared green space stretching over 74,000 square feet. Underground parking with 1,900 spaces 4 separate vehicle accesses is also proposed.

Learn more project fact sheet
Click here for the project brochure and project presentation

LOCATION
Address: 2Jane St & Hwy 7, Vaughan
Occupancy: TBA
Prices $520s+
Developers: Menkes and Quadreal group
Architect: IBI Group
SUITES & PRICES:
1 Bed: $520s to $550s
1 Bed + Den: $590s to $640s
2 Beds: $690s to $750s
Maintenance Fees: TBA
MORE NUMBERS:
Maintenance Fees: TBD
(hydro/electricity, water, BTU separately metered)
Parking: $55,000
Locker: $5,000 (Platinum)
EXTENDED DEPOSIT STRUCTURE
$5,000 on signing
Balance of 5% in 30 days
2.5% in 90 days
2.5% in 180 days
2.5% in 370 days
2.5% in 540 days
2.5% in 720 days
2.5% in 870 days
1% on occupancy

Location

Rising just north of Toronto, a new master-planned community is coming together in Vaughan Metropolitan Centre. The city is building a world-class skyline, and a downtown hub that will be transit-oriented, green, and people-focused. Through years of planning and extensive urban redevelopment, Vaughan’s downtown area is growing into a thriving region with diversity, affordable living, professional opportunities, public green spaces, dining, and retail.

Click here for the master plan of Festival, Canada’s Largest Comprehensive Urban Community

Community & Neighbourhood

Life in the VMC will be inspired living. Festival residents will have direct access to all the amenities on offer at  Vaughan Metropolitan Centre (VMC), either through connected building crosswalks or pedestrian paths. The VMC Secondary Plan splits the area into 12 districts, each envisioned to have a distinct purpose or urban function. Festival Condos are located in the heart of the designated Entertainment District a year-round destination for exciting and fun activities including major entertainment anchors such as cultural facilities, museums, and regional sports-entertainment venues.

Parks & Recreation

Life at Festival Condos will balance and blend the urban with the suburban, giving residents the convenience of downtown with the open space and relaxed comfort of a suburban lifestyle. A close connection to nature will be maintained with thoughtfully planned landscaped areas, green spaces and a pedestrian promenade. Festival Condos will be anchored by a linear park, part of Vaughan’s Black Creek Renewal project. Once complete, the Black Creek Renewal will establish a series of promenades, plazas and parks, spanning over 30 acres in downtown Vaughn.

For sports and fitness enthusiasts, Trio Sportsplex and Vaughan Sportsplex offer year-round indoor sports facilities covering a variety of activities such as soccer and hockey. For thrill-seekers, Canada’s Wonderland and Skyzone are nearby.

The City of Vaughan and the YMCA have together invested in the Vaughan Metropolitan Centre YMCA, currently in fundraising and development. The new 77,000 square-foot YMCA will feature brand-new amenities including a full-sized gymnasium, pools, multi-purpose fitness studio and weight room.

Shopping & Entertainment

Residents at Festival Condos will be surrounded by a variety of convenient shopping options. Renowned shopping centres Vaughan Mills and Yorkdale Shopping Centre are a short drive or quick subway ride away. For movie lovers, the Cineplex Colossus is there with the latest Hollywood releases and new independent films.

Public Transit & Highways

Festival Condos residents have the convenience of a number of public transportation options close by.  Subway access is just a few quick steps away at Vaughan Metropolitan Centre Station, getting riders to Union Station in less than 45 minutes. Several York Region Transit (YRT), Viva and Brampton Transit bus routes intersect close to Festival Condos and VMC.

For drivers, Highways 400, 407, and 7 are within a short driving distance giving easy access in and out of Vaughan and connecting residents with the GTA.

Education

Festival Condos is close to major post-secondary institutions, a short 5 minutes subway ride to York University’s Keele campus, one of the biggest university campuses in Canada with over 60,000 registered students and 7,000 faculty staff. University of Toronto’s St. George Campus is a 25 minutes subway ride away.

Future Development

Through Vaughan’s Secondary Plan, the Municipal and Provincial Governments have made substantial investments in the city’s growth and developments, specifically focusing on developing VMC’s residential and employment hubs.

Vaughan’s Community Improvement Plan (CIP) is offering competitive incentives to encourage office development in downtown Vaughan and VMC, with the goal of growing its demographics of skilled professionals to the largest employment hub in the York region. The CIP has fostered the development of 1.5 million sq. ft. of office space, attracting globally-recognized employers such as PWC and KPMG.

Mackenzie Health Hospital is on track for a 2020  completion, which will offer Canada’s first fully integrated smart technology and further support Vaughan’s healthcare and job opportunity needs.

 

ABOUT THE DEVELOPER TEAM

Menkes Developments Ltd

Menkes Developments Ltd is a family-operated business. A fully-integrated, multi-disciplinary real estate organization, Menkes development has been raising the bar in residential real estate development for over 60 years in the Toronto marketplace. Headquartered in Vancouver, British Columbia Menkes manages a $27.4 billion portfolio spanning 17 countries and counting. Their commitment to creating quality and innovative living environments has been recognized by a myriad of awards associations including Tarion, Summit International Awards and the BOMA Awards. In 2019 alone they received LEED CANADA – EBOM GOLD Award for 5500-5600 Explorer, BOMA BEST Award and BOMA EARTH Award for 25 York, and First Place for the HOOPP Leap 2019 Sustainable Achiever Award – just to name a few.

Other Projects by Menkes Developments include Four Seasons Hotel & Residences in Yorkville, Empress Walk in North York City Centre, Mobilio Condos, 33 Sherbourne Street Condos, 77 Clarendon Avenue Condos and Sugar Wharf Condos to name just a few.

QuadReal Property Group

Excellence lives here. QuadReal Property Group is a global real estate investment, operating and development company based in Vancouver, British Columbia. They deliver investment returns on real estate development while creating sustainable environments that bring value to the people and communities it serves.  QuadReal manages a $37.6 billion portfolio spanning 23 Global Cities across 17 countries, including the real estate and mortgage programs of British Columbia Investment Management Corporation (BCI), one of Canada’s largest asset managers with a $153.4 billion portfolio. In Canada, the portfolio includes 40 million square feet of commercial real estate and 12,000 residential rental suites, including Bayview Village and Commerce Court in Toronto, World Exchange Plaza in Ottawa, Fifteen 15 in Calgary, and Park Place and Northwoods Village in Vancouver.

 

SIGN UP FOR PRICING

Due to high demand, the development team of Menkes and QuadReal is enforcing a strict Sales process. Sales are processed on a first-come, first-served basis through a controlled Worksheet process. That means, to get the best investment ROI you must secure your place in line by completing the necessary paperwork. Get in touch with us NOW for pricing and plans!

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