ICONA Condominiums by The Gupta Group will be Vaughan's first 50+ storey tower

VAUGHAN, ON, Jan. 4, 2017 /CNW/ - The Gupta Group has announced it will soon launch ICONA Condominiums, which at 53 storeys, will be Vaughan's tallest tower.

Marking the beginning of the high-rise condominium market in one of Ontario's fastest-growing areas, ICONA will ultimately consist of two condominium towers, 51-and 53-storeys each, which will house approximately 1,140 units and include 20,000 sq. ft. of retail at the base.

Located east of Hwy 400 on Hwy 7, the two-tower development will become a commanding presence in the heart of downtown Vaughan, which is rapidly evolving with shops, restaurants and retail, including the addition of the Vaughan Metropolitan Centre (VMC). ICONA Condominiums will also be accessible to major highways and just steps to the future Vaughan Metropolitan Subway Station, expected to be operational in December 2017, connecting this region to downtown Toronto.

"We are well aware of the incredible potential of this region as our Hotel Development company, The Easton's Group of Hotels, owns three successful hotels in Vaughan," said Steve Gupta, Chairman & CEO of The Gupta Group and President & CEO of the Easton's Group of Hotels. "The size of this project will make it an instant icon in Vaughan and we are proud to be able to contribute to the already phenomenal growth of this area."

The Gupta Group has brought together an award-winning team for ICONA Condominiums, with architectural design by Page+Steele/IBI Group, and interior design by Studio Munge. To register for updates on ICONA Condominiums, visit www.theicona.com

ABOUT THE GUPTA GROUP AND EASTON'S GROUP OF HOTELS
The Easton's Group of Hotels' parent company and Residential Real Estate arm, The Gupta Group, is spearheaded by the visionary leadership of entrepreneur Steve Gupta. The company first entered the condominium market in 2012 with its successful King Blue project, followed by Dundas Square Gardens, The Rosedale on Bloor, and Yonge Park Plaza, a mixed-use, four-star hotel and office building.

The Easton's Group of Hotels has grown into a major force in the hospitality and service industry in Ontario. The Easton's Group of Hotels' flagship hotel properties include such renowned brands as the Hilton, Marriott and Holiday Inn, in diverse locations such as downtown Toronto, Sudbury, Thunder Bay, Montreal and Peterborough. With a dynamic leadership team and an abiding passion for excellence, Easton's Group of Hotels is aggressively expanding to new locations with diverse offers for the demanding business and leisure traveler. In the highly competitive hotel industry, The Easton's Group of Hotels' core advantages are prime locations, premium quality and superb service. Every Easton's Group of Hotels' hotel is located to cater to the needs of its clientele, while being on the cutting edge of offering the best advantages to its guests.

Visit: www.eastonsgroup.com

SOURCE The Gupta Group

For further information: David Eisenstadt / Gea Koleva, tcgpr, 416-696-9900 ext. 36 / 26, deisenstadt@tcgpr.com / gkoleva@tcgpr.com

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The Gupta Group

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