Ground was broken last week just north of Finch on the west side of Yonge for the area's newest condo project, called The Palm.
It's the third project for developer
Castle Royale, which built Belair Gardens at York Mills and Don Valley in 2006, and Tuscany Gates at 220 Forum Drive in Mississauga in 2008.
"Finch station is the second busiest subway station after Union," says Castle Royale CEO Nick Nanji, "and when its connected to York University, it will get even busier. That's why we felt this location was just perfect."
"The Kiss and Ride is right next to it," says Castle Royale president Mona Bhamani, "and Ontario has been putting a lot of pressure to increase density on Yonge Street and for developers to use the TTC."
The building team, including HC Architects, was brought in from Dubai, where Castle Royale is also active.
The 23-storey building, with 216 units for sale between $250,000 and $450,000 (with a $650,000 penthouse) is expected to be ready for residents by the summer of 2012.
Writer: Bert Archer
Sources: Mona Bhamani, Nick Nanji
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