Grand Festival

By Menkes Developments Ltd. and QuadReal

1000 Commerce St, Vaughan, Concord, Vaughan, ON, Canada

Details

Updated on September 24, 2023 at 5:18 pm

Project Name: Grand Festival
Address: 1000 Commerce St, Vaughan
Intersection: Commerce St & Interchange Way, Vaughan
Area/City: VMC/Vaughan
Neighborhood: Vaughan Coporate Center
Interior Designer(s): Cecconi Simone
Number of Stories: 61,46
Number of Units: 1200
Size Range(Sft): 497 - 697 sq ft

Developer(s)/Builder(s): Menkes Developments Ltd. and QuadReal
Launch time: 20210327
Estimate Occupancy: 2025
Architect(s): IBI Group
Building Type: Condo
Number of Buildings: 2
Selling Status: Sold out
Unit Type: Studio-2 Bedroom

Payment & Incentives

Payment StructureParking and Locker InformationMaintaince Fee
$5,000 on Signing PARKING: $65,000 Est. Maint : $0.65 / sq ft / month
Balance of 5 % in 30 days LOCKER $6,500 (Hydro/Electricity, Water, BTU Separately Metered)
2.5 % in 90 days Capped
2.5% in 180 days $6,500 Plus HST (1 Bedroom Den & Smaller)
2.5% in 370 days $9,000 Plus HST (2 Bedroom & Larger)
2.5% in 540 days
2.5% in 720 days
2.5% in 870 days
1% on occupancy

Description

Grand Festival is the new phase of Festival, a new condo community by Menkes Developments Ltd. and QuadReal currently under construction at 1000 Commerce Street, Vaughan.

Festival is a multi-faceted, mixed-use community unlike anything else in downtown Vaughan. Located in the South VMC, Festival is set to become the entertainment capital of Vaughan. Beyond Festival’s doors, residents can experience diverse activities for every mood and interest. Cultural arts, employment hubs, entertainment, shopping excursions and vast parks and attractions are minutes away. Whether residents are utilizing the exclusive amenities inside Festival’s expansive, multi-layered towers, or expanding their horizons, every day will be a celebration of life, diversity and new experiences at Festival.

Festival is a 5.15 acre mixed-use development located at Highway 7 and Highway 400 in Vaughan, a suburban municipality immediately north of the City of Toronto. Situated in the master-planned downtown district called Vaughan Metropolitan Centre (VMC), Festival will feature four condominium towers varying in height from 40 to 59 storeys, one of which will be the tallest in the VMC. The towers will be anchored by 85,000 square feet of retail space and the focal point of the development will be a dynamic, retail-lined pedestrian mews that opens onto a public courtyard.

Menkes and QuadReal launched the first two towers of Festival, with 1325 units, in fall 2020 and sold out the buildings in less than four months. Construction on the towers is anticipated to commence in the first half of 2021 and the sales launch for Phase 2 of Festival (Towers 3 and 4) is also targeted for Spring 2021.

Address

Open on Google Maps

Address 1000 Commerce St, Vaughan, Concord, Vaughan, ON, Canada

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