The ceremony was hosted by Reetu Gupta, the newly appointed Chief Operating Officer of the Easton’s Group of Hotels and the Gupta Group, headquartered in Markham, Ontario. Reetu Gupta had held the position of VP Marketing and Strategic Development for both companies for the past 10 years. Both companies were founded by her father, Steve Gupta, who was also present at the event.
Joining in the groundbreaking celebrations were Dipika Damerla, MPP, Mississauga East – Cooksville and Associate Minister of Health and Long-Term Care, and Michael Thompson, the Chair of Toronto’s Economic Development and Cultural Committee, Chair of Invest Toronto, a board member of Build Toronto and City Councillor representing Ward 37, Scarborough Centre.
The project is located at the site of the Hilton Garden Inn Toronto City Centre, which has been part of the Easton’s Group portfolio since 1997. The hotel is set to be demolished in December of this year to make way for the construction of Dundas Square Gardens in early 2016.
“This is a momentous occasion for us,” said Reetu Gupta. “This hotel has been in our portfolio since 1997 when we inherited it as an OPP building, transformed it into a Comfort Hotel and then to a Hilton Garden Inn, and soon we will add another building to the skyline.”
The project is a welcome addition to the area — a neighbourhood that is going through a major transition thanks to new developments and neighbourhood investments including the recent revitalization of the provincial government offices next door at 222 Jarvis Street.
The Easton’s Group also announced a partnership with Ryerson University which will see the developer donate $1,000 to the university for each unit sold at Dundas Square Gardens, as well as a commitment to personally top up the donation to $1 million.
“Investments like this [Dundas Square Gardens] are important for the province and for the community, not just because of the direct impacts but for the vast amounts of indirect economic opportunities they bring with them,” said Dipika Damerla.
“As we know the construction process of these two towers alone will generate hundreds of hours of work for many skilled tradespeople who contribute to the beauty of this new residence.”
When completed in late 2017, the development will consist of a 47-storey tower and a boutique 17-storey tower, each with separate entrances, but connected through several public spaces, common areas and amenities. Those amenities include water features, barbecue areas, lounge and entertainment areas and over 16,000 square feet of expansive and landscaped rooftop gardens and terraces located on different levels of the property.
For more information visit www.dundassquaregardens.com or call 416 645 8575.