This new condo project is an ambitious condominium and townhome development set to occupy a 4.4-acre lot just minutes from downtown Newmarket. Situated at Yonge St. and Davis Drive, this project will house over 500 residential units.
Newmarket is seeing a trend of vertical growth as the city pushes to redevelop the Davis Drive and Yonge Street corridor. In the coming years, there will be an improvement in housing options and public spaces in the effort to create additional community engagement for the area.
The city of Newmarket has also committed to strengthening the town’s business culture by approving the expansions of major factories and the building of two new hotels and a convention centre. These neighbourhood enhancements are a part the ‘Yonge-Davis Urban Growth Centre Plan’ as growth projections estimate that by 2031, York Region will increase in population by 64% and employment by 59%. It is safe to say that this pre-construction condo residences will be a favourable one for the investor.
Project Name: The Davis Condos
Developer: The Rose Corp
Architect: RAW Design
Location: 175 Deerfield Rd, Newmarket, ON, L3Y 2L8
Intersection: Parkside Dr / Davis Dr
Number of Buildings: 3
Number of Storeys: 15
Number of Units: 219
Unit Type: 1 - 3 Bed
Unit Size: 550- 1200 sq.ft.
Many beautiful local parks like Fairy Lake Park and Conservation Area, Paul Semple Park, and Whisper Billy Watson Park is the popular Riverwalk Commons. This locale invites its visitors to take in some entertainment at the outdoor stage where various events happen all year long. Some notable events include the Kanata Summer Festival, Moonlight Movies, Music in the Park, Winter Wonderland and the Newmarket Ice Lounge where the splash pad in the summer is converted into a skating rink during the winter months. Residents of this upcoming project will enjoy living just 6 minutes from this popular landmark, perfect for everyone in the family.
Transportation in this area is highly accessible especially since the introduction of VivaNEXT along Davis Drive. Via the VivaNEXT bus, residents can travel along Davis Drive to catch the GO which will connect riders to Union Station in under an hour. Additionally, the area around the development services 8 bus routes that will surely get you from point A to B in no time.
York Region’s Administrative Centre is a bustling employment hub and is located 17 minutes away by public transit and 4 minutes away by vehicle. In just 2 years, it’s 100 million dollar expansion is expected to reach completion and will stimulate additional commercial development in the years to come. Another employment hub is the nearby Southlake Hospital which employs over 3,000 medical professionals, including 540 physicians. As this hospital continues to make a name for itself as a high-tech healthcare district, more and more graduates of the GTA’s medical programs have begun to flock to Newmarket to set down new roots.
In the immediate area, there are a wealth of local shops and big-box retailers, as well as food and entertainment. Within a 5 minute drive, shoppers will arrive at Upper Canada Mall where 250 retailers and services are available.
The Rose Corporation has cultivated a deep, experiential knowledge of the real estate industry over the course of decades of developing and financing real estate. Rose prides itself on creating a tail-made appraoch to each investment; they are able to invest at all levels of the capital structure, ranging from traditional senior debt to equity, in multiple asset classes and geographical locations.
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