Developer Turns Sights to Midtown With 155 Redpath Condos

Toronto, Canada (PressExposure) April 04, 2013 -- "For every individual interested in buying in King West, I think there'd be 20 people interested in buying at Yonge and Eglinton, by virtue of the transit and existing infrastructure," says Peter Freed, Founder & CEO of Freed Developments who spearheaded the decision to move north. Indeed, the central location and transportation contribute to the popularity of midtown, and with multi-million dollar expansion on the horizon, demand in this area isn't likely to dry up any time soon.

The Yonge & Eglinton region is home to roughly 21,000 people, 76% of which rent their residence. The area is poised for growth as lower commercial rent for commercial space and economic development brings more and more business uptown. The Yonge & Eglinton Centre is on the receiving end of a $100 million investment to grow the retail and restaurant centre even more. Although the area is already well-connected by TTC transit, an $8.4 billion investment is in place to create a light rail transit system that will transform the way residents travel to and from the area. The 52km LRT line will link 54 local bus routes, TTC and GO Transit together, running both underground and at surface level. With an estimated completion date of 2020, the midtown LRT will bring a new influx of people to and from the area, bolstering the popularity of this Toronto neighbourhood. And 155 Redpath condos will be situated right at the heart of it.

The development is located on the corner of Redpath and Roehampton Avenue, with suites ranging from 396 sq. ft. Studios to 800 sq. ft. two-bedrooms. The 36-storey tower was designed by architect Peter Clewes, housing 470 suites designed by Johnson Chou. 155 Redpath will have state of the art amenities and outdoor space, and the units will be at the forefront of living. Each suite will come equipped with conveniences such as self-contained laundry, floor-to-ceiling windows, exposed concrete ceilings and a Nest energy-saving thermostat, which can easily be controlled via Smartphone.

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For Todd Cowan, principal of development firm CD Capital and partner in the project, the fact that the Yonge & Eglinton area is set to grow exponentially was key in the decision to develop there. "This was a perfect opportunity to take a low-density, underutilized site -- with 20 homes that were not in great shape -- and turn it into something more in the direction the city needs to go from an intensification standpoint," he says.

The project is expected to be completed in 2017, and goes on sale this spring. Prices start in the mid $200,000 in the Platinum phase. For more information, contact Sunny Batra, the Platinum Agent for 155 Redpath Condos.

Sunny Batra, Sales Representative, Re/max West Realty Inc.

Office: 416 745 2300,

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Press Release Submitted On: April 04, 2013 at 2:09 am
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