For some time, investors didn’t give Caledon much attention. But as this town in the Regional Municipality of Peel, which is part of the GTA, began to grow, they took notice. While still primarily rural, there’s an expansion of urban areas going on. To meet the needs of buyers, Parkhomenko now features several new condos in Caledon.
One option is Galleria On the Park. Occupancy for these new condos at this Caledon location won’t begin until 2023. In the meantime, the developer’s pushing ahead to finalize the proposed redevelopment plans. When complete, the original Galleria Mall will become mixed-use real estate consisting of residential, office, and retail space.
Investors are particularly interested in this project. After all, the plan includes a series of residential towers that’ll hold just under 3,000 condominiums. That means more than 6,000 people can live in one of the three high-rise buildings. Something like this immediately entices investors.
The architectural firm responsible for the design of these condos wants to pave the way for a new standard of living. That entails offering buyers several different one, two, and three-bedroom floor plans, high-end finishes, and unique design elements coupled with various outdoor spaces.
Parkhomenko has additional new condos in Caledon that investors like. That includes Canopy Towers, slated for occupancy in 2024. Ultimately, the developer will complete a 34-story tower with 497 residential suites. The property will also have both office and retail space. For all of Parkhomenko’s other listings, investors can check out its website.