Downtown Toronto project on track to commence construction phase with
sales exceeding 80%
TORONTO, Oct. 11, 2013 /CNW/ - Ideal Developments Inc. is excited to announce that their downtown
Toronto condo project, Dragon Condos, has surpassed another major
milestone. Having acquired the needed City of Toronto approvals to
initiate construction, the team is set to enter their first phase of
development with sales exceeding 80%. This landmark achievement has set
the stage for immense success as they move towards their summer 2015
Dragon Condos is a modern 10-story building boasting 95 residential
suites. Complete with rooftop amenities and retail space on the ground
level, Ideal Developments is looking to introduce a refined approach to
metropolitan living in the alluring Spadina and Dundas neighborhood.
"The success of our projects has come as a result of thorough
preparation and hard work," says Ideal Developments CEO, Shaji Nada.
"The Dragon Condos project was inspired by the character and lifestyle
of Chinatown. The success of the project for the residents and business
owners will bring to life an unparalleled experience of Toronto culture
and living. This is what Ideal Developments is about: creating
communities," Nada adds.
Having met all of the city's bylaws coupled with the 80% sale threshold,
Ideal illustrates remarkable fortitude in a tumultuous condo market. A
major factor in the project's strong sales is the unwavering support
from the community, especially local business owners, who are welcoming
this residential project with open arms. "The CBIA's main concern is to
make Chinatown safer, cleaner and basically a great place to visit,
dine and live. The Dragon Condos is warmly welcomed by the CBIA as the
first residential condo redevelopment in 20 years and as a great
contributor to our community goals," states the Chair of Chinatown's
Business Improvement Area (CBIA), Tonny Louie.
With Dragon Condos on track to for completion in the summer of 2015, and
3 additional projects set to break ground in Toronto, Richmond Hill and
Mississauga in the next year, Ideal Developments shows no signs of
About Ideal Developments
Ideal Developments is a full service real estate development company
covering the complete spectrum of land development: from site
acquisition; design; securing city approvals; construction; project
marketing and sales. Our focus is to develop homes and neighborhoods
that meet the demands of the rapidly changing needs of communities.
Ideal Developments prides itself on its commitment to upholding
customer satisfaction, and is proud of the dedication and attention
provided to our consumers. Ideal Developments is able to provide
excellent services, affordable homes without compromising the
high-quality standards through its highly specialized team of expert.
SOURCE: Ideal Developments Inc.
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