Vaughan, ONTARIO–(Marketwired – Dec. 8, 2016) – Smart Real Estate Investment Trust (TSX:SRU.UN) and Mitchell Goldhar today announced that they will soon be commencing marketing and development of the first high-rise residential project of approximately 700 units at SmartCentres Place in Vaughan. The residential project will capitalize on its excellent location, being close to the VMC subway station that is expected to be open and operational in December, 2017 and which will connect to downtown Toronto.
The high-rise condominium project will be developed in a joint venture with CentreCourt Developments Inc. (“CentreCourt”). Pursuant to a letter of intent, CentreCourt will have a 50% interest in the project. The parties are currently working together to finalize the submission of plans for a two-tower development of approximately 35 storeys each. Sales launch is planned for the spring/summer of 2017.
Full Article: www.marketwired.com