Edge Towers, a new three-tower condo project in Mississauga by Solmar Development Corp., boasts a location that is as central as they come.
The community will be situated along Hurontario Street, Mississauga’s main commercial corridor, and within walking distance of Square One Shopping Centre, which has recently undergone an extensive redevelopment that includes a new Harry Rosen flagship, Kate Spade New York, Holt Renfrew, and La Maison Simons, among other high-end retail.
The location of Edge Towers is transit-friendly, too, adjacent to the future Hurontario light rail transit line, which will run from Port Credit up to Brampton’s city centre. The new 20-kilometre LRT will connect Edge residents to two GO Transit lines, Mississauga’s MiWay bus network and Brampton’s Züm bus system, making it a cinch to reach Union Station and Pearson International Airport. “A big advantage here is that you won’t be five miles away from the new transit line, you’ll be right on it,” notes Scott Davie, president and broker of record at Davie Real Estate Inc. which is marketing and selling Edge Towers. Davie points out that the project’s proximity to the LRT line will make a big difference in the resale value of its suites.
The development has been designed by Roy Varacalli, the award-winning architect behind a host of landmark Toronto condos, including Exhibit on Bloor, 1 Yorkville, E Condos at Yonge and Eglinton, and Emerald Park on Yonge Street in North York.
The first tower at Edge, released earlier this year, is 35 storeys; that building is now 80 percent sold. A second tower, coming this spring, will be 40 storeys. (The third tower is to be launched within a year.)
Edge Towers’ second building has 424 units, ranging in size from 495 square feet to 721 square feet. Davie notes that the Mississauga market has evolved in recent years. Buyers previously looked to the city for discounts on larger two- or three-bedroom suites compared to downtown Toronto product. But with condo prices in Toronto having now hit upwards of $1,400 per square foot, Mississauga prices are rising accordingly. “So people are choosing efficient one-plus-den or two-bedroom suites in Mississauga versus the larger units they’d favour in the past,” Davie says. “And there will be plenty of this product available at Edge Towers.”
Suites at Edge have been “designed from the inside out,” he adds, and the shape of the building has been influenced by the developer’s desire to create the most efficient and spacious floor plans possible.
Units will have large balconies and terraces, floor-to-ceiling windows, nine-foot ceilings (10-foot in the penthouses) and wide-plank laminate flooring throughout, with large porcelain or ceramic tile in the bathrooms and laundry room.
Kitchens will have custom-designed cabinetry and quartz countertops with glazed porcelain or ceramic tile backsplashes. Bathrooms will have vanities with quartz or marble countertops, showers with frameless glass doors, and five-foot soaker tubs with integrated shower head. Each suite also comes with an energy-efficient stacked white washer/dryer.
The building will have a 24-hour concierge and a luxe lobby with white marble flooring, a chandelier, and natural light pouring in through large windows. Amenities-wise, there’ll be a party room with bar, fourth-floor rooftop terrace, wifi lounge, games room, and theatre room, plus two guest suites.
Edge Towers brings a new level of quality to the Mississauga condo market, Davie maintains. That’s because Solmar Development, an Italian-run company, takes great pride in the craftsmanship of its projects, he says. “You can see that when you walk into the Edge sales office and view the model suite. This is a builder that pays attention to the little details and offers luxury features and finishes as standard.”
It should be noted that Edge Towers has received its rezoning approval from the city. There’s been an unexpected spike in building costs across the GTA over the past year, which has put other condo projects in jeopardy.
For condos that don’t have rezoning approvals already in place, there will be a time lag before the development gets built. “So a builder’s budget that looks OK today may not look OK tomorrow,” says Davie, “and the project might not go forward.”
“The reality today is that it’s never been more important to choose a condo project that has its zoning in place.”
Ryan Starr is a Toronto-based Refreelance journalist.