Hans Jain, President of Atria Development Corp.
Atria Development Corp., a leader in purpose-built rental housing, proudly announces the ground-breaking of the Town Centre Place development, a monumental project in the Greater Toronto and Hamilton Area (GTHA). The project is the single largest purpose-built rental development to begin construction in the GTHA in 2023 or 2024. With nearly 1600 units, this development marks a significant investment in the local community and a bold step towards addressing the housing supply demand in Toronto.
More than fifteen years in the making, the Town Centre Place project embodies Atria’s commitment to providing high-quality, sustainable living spaces. This development is not just a building; it’s a commitment to the future of urban living, featuring one of the largest geothermal installations in a Canadian residential building. This innovative approach is expected to achieve a 50% reduction in greenhouse gas emissions and a 40% reduction in annual energy consumption.
The first phase of the project, encompassing 900 beautifully appointed units coming to market in 2027, represents a $500 million investment, setting a new standard for residential projects in the region. Town Centre Place is ideally situated across the street from Canada’s fifth largest mall, Scarborough Town Centre, the biggest retail destination in the city’s east end. The location offers easy access to Toronto’s forthcoming TTC Line 2 extension and Highway 401, as well as many shops, restaurants, entertainment and parks.
The first phase comprises a 38-storey tower and a 40-storey tower, with a shared podium. Along with its impressive scale and sustainability features, the Town Centre Place development will also offer a range of amenities, including a gym, spin studio, sauna, basketball half-court, banquet hall, kid’s play zone, workshop, theatre, games room, outdoor garden terraces and courtyards. In its second phase, Town Centre Place will include a daycare facility and public plazas, further enriching the community.
Atria’s ground-breaking ceremony was attended by Premier Doug Ford, Associate Minister of Housing Rob Flack, and MPP David Smith, highlighting the collaborative efforts to make this visionary project a reality.
For more information about the Town Centre Place development and Atria’s innovative approach to urban living,
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