TORONTO, May 10, 2019 /CNW/ - Tercot Communities is pleased to announce that it has acquired a position in the desirable Kitchener market that will enable the company to bring its uniquely designed, new low-rise housing development to the local community. The project is being developed by Tercot Communities in partnership with Greybrook Realty Partners and Cityzen Development Group. The project, planned for 240 homes includes single-detached homes, freehold townhomes and condominium townhomes.
"The Kitchener Waterloo economy, regarded as "Canada's Silicon Valley" is one the fastest growing in Ontario with the presence of highly acclaimed post-secondary institutions acting as catalysts for high-tech growth and innovation," said Joe Valela, Principal, Tercot Communities. "This development will showcase Tercot's signature design aesthetic as well as acknowledge and enhance the historical community characteristics."
The acquisition of the 24-acre site, comprising of three parcels is located at 2219 and 2159 Ottawa Street South in the City of Kitchener, ranked fourth largest population center in Ontario. The community of Kitchener will also benefit from Metrolinx's Regional Express Rail project, known as the GO Expansion – a project designed to improve the GO Transit service by adding all-day, two-way service with multiple transit stops along the Kitchener GO Transit line.
About Tercot Communities
ENERGIZING THE LANDSCAPE WITH VALUE AND VISION Tercot Communities is an award-winning real estate investment and development company serving the GTR. Tercot works to bring new energy and value to the landscape through the strategic acquisition, planning and development of land in the residential, commercial and industrial markets. The company takes a long-term approach to land development, enhancing communities for today and for the future. Tercot's Communities reflect the company's strong commitment to sustainability and environmental stewardship. Every Tercot home incorporates industry-leading, energy-efficiency and environmental sustainability features and practices wherever possible, to ensure that we are always creating homes with value and vision to stand the test of time. Tercot is also deeply committed to ongoing customer satisfaction and prides itself on delivering the finest after-sales service in the industry.