These stages are the main high level steps in the development process from beginning to end.
Development
Rezoning and development approvals are being sought prior to the launch of sales and marketing or lease up.
Pre-Construction
Rezoning and development approvals are submitted/fully approved and the marketing, sales and/or leasing program has commenced.
Construction
Demolition or clearing of on-site structures/improvements complete, construction has started via site servicing, excavation, renovation or hard construction.
Completed
Building is occupied by residential and/or commercial tenants/residents or is substantially completed.
Ten88 is a mature 2.3 acre development located on the corner of Orchard Place Drive at 1088 Progress Avenue in the City of Toronto. The first phase of the project includes 105 stacked townhomes, and is a co-development with Empire Communities and PACE Developments Inc.
Sales of Phase one of this project launched in late 2013, construction started in 2015, and started occupancy in 2017. Phase two is currently in pre-development.
Fortress is currently in talks with an established Canadian developer to take over the project through a structured sale and build out phase two of this project.
The proposed development scheme for Phase 2 consists of a high-density 18-storey residential condominium with 272 units, and a ground floor retail component. There is currently a Site-Specific Zoning By-law in place for the height and density in the current plan and the team is working with the City on the site plan for the project.
Registration of Phase 1 for this stacked townhouse development took place at the end of 2017 and all units have now closed. Phase 2 - A formal pre-consultation meeting with the City is expected this year, following which a formal Site Plan application will be submitted.
PHASE 1 - Construction on Phase 1 of this development, located in Scarborough, was completed in the summer and the units have all been occupied. All the stacked townhouse units in this phase are sold out and registration took place near the end of 2017, with closings anticipated in Q1-2018. PHASE 2 - The development team is working towards a formal pre-consultation meeting with the City anticipated to take place in Q1-2018. A formal Site Plan application to implement the proposed development concept will be submitted thereafter.
Construction on Phase One of this development was completed in the summer with occupancies of units taking place in July. With Phase One sold out and completed, the development team is working on planning submissions and approvals for Phase 2, the high-rise tower currently planned for the site.
PHASE ONE Exterior landscaping and common outdoor amenities buildings are nearly complete at Ten88. Landscaping and walkways around the site are nearing completion on the first two development blocks. Occupancies on Blocks 1 and 2 are expected to commence in July 2017 with final occupancies on Block 3 expected to be complete by the fall of 2017. PHASE TWO The development team is working towards refining a new development concept on the second phase which seeks to maximize the value to the subject lands in preparation of a potential sale or refinance.
Interior finishes have commenced for Blocks 1 & 2 and drywall installation has begun for Block 3. The project is now 100% sold and occupancies will begin in Q2 of 2017 for Block 1 and early fall for Blocks 2 & 3.
Masonry work and window installation is now complete for all blocks and drywall installation has commenced, which will be followed by interior finishes. Occupancies for block 1 are expected to begin in the spring. The project is now over 80% sold. The sales office is open by appointment only, and interested buyers should call 416-789-0288 for more information.
All underground work is now complete, walls and columns from ground floor to level one are finished. Block 1 framing and concrete block work is complete and Block 2 & 3 framing has now commenced. Exterior masonry work and window installation is progressing on Block 1.
The walls and columns for the underground parking and slab on grade are now complete at Ten88. Framing and steel structure have surpassed the 2nd floor while masonry work has commenced at the south side.
Basement level work is now completed at the townhouse phase of this project. The construction of homes will continue throughout the year, with occupancies expected in spring/summer of 2017.
Construction of the townhomes is now at grade. This high-demand project is over 75% sold and occupancy for the towns is expected to begin in spring/summer 2017.
Construction continues at Ten88. With excavation now complete, concrete footings are to be poured. Sales are currently being handled by appointment only.
Earthworks began early this summer, with full excavation and construction now underway.
Following the ground breaking last year, permit requests were submitted and now are in hand to begin excavation work at Ten88. Excavation and shoring contracts are being finalized which will allow for work to begin by the end of April.
September marked the next step for this popular stacked townhouse project in Scarborough. Empire Communities, Pace Developments and Fortress invited key stakeholders to a ground breaking event, where they were joined by Councillor Raymond Cho to celebrate the start of construction.
Phase one of this townhouse development in Scarborough is now 70% sold.
The project was a big success on launch and has achieved over 70 sales. Permit drawings will be issued shortly, and the site staging is being planned.
One of the hottest projects to go to market this summer, Ten88 opened for pre-sales and was an instant success. A lineup hours before the broker event and a successful Fortress VIP event has sales sitting at 65 units. The sales centre will officially be open to public later this month where the remaining units will be sold.
Progress Manors now has its official project name, “Ten88”. With over 700 registrations, the project is moving quickly, with the sales program set to commence in July. The new exterior renderings are being completed and all the floor plans are being finalized. The sales office is being renovated and will be ready for the launch in July. BAM has been retained to begin marketing the project and e-blasts will start going out to prospective buyers in the next couple of weeks.
Site plan has been submitted and conversations with the different trades have began to start construction. The new signage is up on site and the renovations have begun on the existing sales center.
Renovations of the sales center are slated to begin shortly. There has been strong interest from local cultural groups; these arrangements are currently being evaluated and negotiated.
