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Two towers are part of 12-acre master planned community called Union City
Right on the heels of the sellout of the first tower of its community called Union City, Metropia has announced Tower 2 is now also sold out, marking the sellout of the entire first phase in just six days.
Located in the Unionville. Tower 1 and Tower 2 will rise at 40 and 44 storeys, respectively, along Enterprise Blvd., and will bring over 850 residences to the area, part of a 12-acre master planned community located in Unionville.
Samuel Frum, Metropia’s vice-president confirms access to greenspace and the area’s amenities helped with sales, but not all these things come easily.
Take, for example, parkland fees used to pay for green space, which all developers pay to a municipality and get passed on to the homebuyer — a fee that was relatively higher in Markham than other areas.
“The parkland fees were changed as part of Bill 23 (More Homes Built Faster Act) passed by the Ford government in January 2023,” says Frum. He credits the provincial government for helping to make projects financially feasible and “to encourage a greater volume of housing starts to help to address the housing supply crisis we are experiencing.”
Condo buyers may also not be aware of the high cost of a parking spot. “
A parking stall can cost a developer over $150,000 to construct below grade and slightly less above grade on hard costs alone. We are charging $69,999 for a parking stall at this project so we will be losing money on every stall we construct,” says Frum.
It follows that projects where buyers are willing to purchase units without a parking stall are more financially feasible for developers and have advantages that benefit everyone, he adds.
The Union City community is within walking distance of the new Markham York University Campus, slated to open in 2024. The world-class Pan Am Centre, the YMCA, and Bill Crothers Secondary School are also just minutes away.
Union City is also at the centre of a transit hub, with the Unionville GO station and the Viva Enterprise BRT nearby. Highways 7, 404, and 407, are just minutes away.
As for the units themselves, Union City says it will be offering “a sophisticated yet glamorous feel” in drawing inspiration from top hospitality spaces throughout the GTA, The condo’s interiors will feature high-end design and luxurious finishes throughout.
A standout feature of Union City is Union House, the 5,000 sq. ft. standalone building that will serve as an extension of the living room, open
for residents to gather, work, or rest.
In addition, Union City boasts a 45,000 sq. ft outdoor terrace and “Union on the 6”, an amenity floor with 25,000 sq. ft. of “thoughtful spaces” designed to support recreation, leisure, and exercise activities.
Units range in size from 290 to 1,233 sq. ft. and are priced from low $500,000s to over $1.3 million.
Union City is Metropia’s second community in Markham, having seen sell-out success with the launch of Union Village in early 2020 alongside partner Minto Communities.
For more information, visit www.metropia.com