September 28, 2010

How do you take a largely ignored social housing project from the 1940s, and transform it into an urban revitalization success story?

The Daniel’s Corporation (working with Toronto’s Community Housing Corporation) is doing just that, giving Regent Park an entire face-lift with their just completed One Cole and the up-coming One Park West [map] development.

Residents of One Park West will be able to revel in a new arts and culture centre, a six-acre park, and a pedestrian friendly boulevard with shops and cafes, none of which existed before the revitalization project.

The Daniel’s Corporation has used a stellar formula to get people interested in the Regent Park neighbourhood, first with One Cole and now with One Park West:

1. Prices have been kept low, starting at $199,900 for condo units and $269, 900 for townhomes;

2. Projects are already under-construction, even before selling has begun; and,

3. Purchases can be made starting with only a 5% deposit.

Still don’t believe Regent Park can undergo such a quick transformation?

Well, just last year the International Journal of Neighbourhood Renewal named the new Regent Park as the “Best International Neighbourhood Renewal Program”. And this year, the Building Industry and Land Development Association chose Regent Park as the “Places to Grow Community of the Year High-Rise”. Great things are definitely happening!

So if you want to get into some urban renewal hype, One Park West VIP registration has just begun! Watch this space for more updates, and get more information here!

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