Grid Condos: East Is Where It’s At

Shamez Virani, VP of CentreCourt Developments, has a passionate perspective on downtown Toronto’s burgeoning east development, with good news for investors.

Rendering of CentreCourt Developments’ Grid Condos, a high-rise residential condominium project located at the corner of Dundas and Jarvis in downtown Toronto next to Ryerson University’s urban campus. It is also near other institutions such as St. Michael’s teaching hospital, George Brown College, Canada’s National Ballet School. The Dundas streetcar stops at Grid’s doorstep, and the Yonge subway is just steps away. Courtesy CentreCourt Developments

TORONTO—Shamez Virani, senior VP of CentreCourt Developments, has a passionate perspective on downtown Toronto’s burgeoning east development, with good news for investors. CentreCourt is the developer behind Grid Condos, located at the corner of Dundas and Jarvis in the heart of the Learning District in Toronto’s east downtown.

Virani believes that the next hot spot in Toronto is unquestionably the eastern downtown area. When his company launched Core Condos last year, the project, which is located at Shuter Street and Dalhousie near St Michael’s Hospital, sold out in a matter of days.

“This was our first foray east of Yonge Street, and we were pleasantly surprised with the results. The project was immediately bought up by astute investors and end-users,” he says.

The success of Core Condos confirmed the company’s belief in the Toronto downtown east as the place for new condominium development.

Toronto’s downtown east is presently under-developed with regards to condos. That is why Core sold out so quickly and why Grid Condos, the company’s newest project, is expected to equal that performance when it is released for sale in the next few weeks.

A suite at Grid Condos. Courtesy CentreCourt Developments