"It's not just a fad," says Shane Fenton, talking about the current popularity of the strip of Ossington between Queen and Dundas.
He's vice president of Reserve Properties, the company that's just announced its
new loft-townhouse-retail development going in at 41 Ossington. It's the sort of project that may end up ensuring Fenton's right.
"The interesting thing about Ossington is that it's a truly mixed-use neighbourhood," Fenton says, "residential and commercial. From a public standpoint, it's known for restaurants and galleries, but by developing a mixed use property like this, we're demonstrating that it's not just a great place to go for lunch or dinner, but it's also a great place to live."
The 12 lofts, 9 townhomes and 2,500 square feet of retail will be replacing a disused commercial spot, the old Hesco Electric. Prices will start at $315,900 for the lofts, and $829,900 for the townhouses.
The architect is
Raw Design, and the interiors are being done by
II by IV Design Associates.
The first sign for the project went up on Oct. 16, and the grand opening of the sales office will be November 13. Fenton expects they'll start to dig by the spring, and will have the project completed by the summer of 2012.
Writer: Bert Archer
Source: Shane Fenton
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