Ads Google

New residential high-rise in Hamilton to help address scarcity in GTA

by Ephraim Vecina on 21 Apr 2017

Earlier this week, a Toronto-based real estate investment and asset management firm has announced that it has completed its forward purchase of Regency Suites, a high-rise multi-residential property in downtown Hamilton—a move that the company said will help alleviate the long-running scarcity issues in the Greater Toronto Area.

The newly constructed 29-storey luxury concrete building acquired by Starlight Investments is comprised 321 units, and incorporates a multi-level indoor parking garage.

“Starlight is pleased to continue to grow its high-rise presence in the Greater Toronto and Hamilton Area with the addition of this luxury multi-residential building situated in the heart of downtown Hamilton,” Starlight CEO Daniel Drimmer said.

“The property represents Starlight's second newly constructed multi-residential acquisition in the Greater Toronto and Hamilton Area in the last six months and exemplifies the success of Starlight's Canadian multi-residential forward purchase contract program.”

Starlight, which currently manages $7 billion of multi-residential and commercial properties nationwide, noted that the Regency Suites represent some of the best value that GTA residents can get for their money.

“All units include in-suite laundry, luxury finishes and state-of-the-art HVAC. Upper floors include two-storey units with exceptional views of Hamilton Harbour and the Niagara Escarpment,” Starlight stated in its announcement. “Amenities include a well-equipped fitness facility with yoga studio, rooftop patio with pavilion and water feature, 4K cinema, games room and social room.”


Related stories:
Higher prices unlikely, even in the very near future - local agents
CREW poll: Does rent control in Toronto need an overhaul?



Post a Comment



Most Trending News

Training new skilled trades workers must be a priority
News

While there has been a deceleration in new home sales, we must keep the pedal to the metal and continue to train skilled trades workers for the future.

Read More
To build 1.5M homes, we must think outside the box
News

Many jurisdictions in the U.S. have been thinking outside the box to boost the housing supply. Here in Ontario, we’d be wise to follow suit.

Read More
Upcoming free event: Canadian Real Estate Investment Summit
News

This free summit will feature top experts in Canadian real estate who will share their knowledge on a broad range of topics. It will be presented on Sat. Jun. 18th from 12pm-3pm.

Read More