Ideally located in the heart of the lush Credit River Valley, Cachet Estate Homes is proud to introduce the Estates of Credit Ridge. This stunning collection of detached estate homes located on a choice of fabulous ravine lots in Brampton provides a community feel minutes from the conveniences of a thriving city.
The Estates of Credit Ridge are only a short drive away from major shopping centres and recreation and schools and the close proximity to GO Transit and major highways make this neighbourhood a commuter’s dream.
This carefully planned community includes parks and community ponds that all blend harmoniously into the natural surroundings.
The Signature, Master and Estate home collections feature innovative and unique architecture. All elevations are under strict architectural and colour control to ensure a truly harmonious and integrated streetscape in the Estates of Credit Ridge.
Home features include 2″x6″ wood frame and steel beam construction with genuine clay brick and/or stucco, precast stone, stone details, key stones, decorative frieze board, masonry soldier coursing, brick or stone quoins, and coloured mortar.
Many models boast covered front porches, porticos or architectural entry details with manor-style metal insulated front doors and glass door lights (as per plan).
The interior design of the Estates of Credit Ridge will truly take your breath away with the gracious open concept inspired interiors with innovative features including accent cathedral, vaulted, coffered ceiling, and furniture niches (as per plan).
All homes feature 9′ ceilings on first floor, 8′ ceilings on the second floor except in sunken or raised areas, stairways and where there are raised, dropped or cathedral ceilings. Choose from four styles of passage and closet doors. The main floor features 8′ doors and 8′ trimmed arches
The finished lower level includes oak staircase, carpeted recreation room, hall, closet and office/den, finished three piece bathroom complete with ceramic tiles on floor and bath enclosure, as per applicable plan.
An elegant oak staircase from main to second level features solid oak handrails, oak treads, risers and stringers and choice of three styles of pickets, in black iron or natural finish with sealer and clear semi-gloss urethane.
Spend a lazy day in front of your oversized 36″ raised gas fireplace with choice of formal painted mantle and four piece marble surround (as per plan).
Other luxurious features include pre-finished hardwood in choice of three colours in main hall, living room, dining room and family room. Your foyer, powder room, kitchen, breakfast room, all bathrooms and laundry room feature imported ceramic tiles.
Floor plans range from the 2,513 square foot, four bedroom Blake model to the 5,605 square foot, five bedroom Versailles.
Founded in 1981 by Anthony Auciello, Cachet Estate Homes has always been synonymous with quality, custom-built homes and master planned family communities. With a proven record of designing and building exceptional homes of genuine character, Cachet Estate Homes enjoys the enviable reputation of being an industry leader in delivering true value to its homebuyers. Although there are thousands of new homes in the GTA, only a very few have that certain “Cachet’” that sets them apart from the rest.
Lifetime Urban Development Group and BLVD Developments are the developers behind Liberty Market Building, the village’s most desirable retail and office complex located at the centre of the village, and the chic Live/Work condo, Liberty Market Lofts, set to be constructed just to the south.
Launched earlier this year, Liberty Market Lofts will offer phenomenal live/work opportunities in this popular locale, with ceiling heights in most suites rising to an incredible 17 feet. For a limited time only, each loft purchase will come fully loaded with $10,000 worth of Apple equipment, so residents can take full advantage of Apple’s latest gear for home and office.
$10,000 in high tech Apple Equipment
Liberty Market Lofts will rise to 13 storeys on the penthouse level, with fabulous city and/or lake views from all floors. Award-winning Rudy Wallman of Wallman Architects designed the building, which also includes a private landscaped courtyard.
Being situated next door to Liberty Market Building will provide residents with a great mix of over 50 different retail stores and restaurants right at their doorsteps. Restaurants currently include Atelier Thuet, led by renowned Chef Mark Thuet; The Brazen Head, Toronto’s largest pub with three outdoor patio spaces; Merci Mon Ami; ORO Cucina; and a new high-end restaurant set to launch early next year.
In addition, residents will be able to shop for furniture at stores such as Casalife Furniture and Haveli Home, get their hair styled at Salon Tocci, take Latin and ballroom dance lessons at Danceology, or enjoy a massage, acupuncture treatment or therapeutic wrap at Balance Integrated Healthcare, all tenants of Liberty Market Building.
The spectacular amenity space in the building is by Kelly Cray of internationally acclaimed Chapman Design Group. This space includes a business centre with multiple meeting rooms that can be combined to create a large boardroom with video conference capabilities, plus wireless Internet access throughout the ground floor.
Among the building amenities are
executive concierge service,
reception area,
an art gallery will feature rotating exhibitions throughout the year.
Owners will also have exclusive use of the residents lounge with
full kitchen,
a tool room,
pet spa/grooming facility,
fitness centre
An indoor basketball half-court
yoga room,
plus a laundry area that can handle oversized loads.
Comfort and panache dominate the suites, and each has a large balcony and terrace. Standards include hardwood flooring throughout; 40-ounce broadloom or sisal in the bedrooms; Chapman Design Group custom kitchen cabinetry; quartz or granite countertop; European brand-name appliance package; Chapman Design Group custom bathroom vanity; soaker tub and separate glass shower.
For almost 30 years, Lifetime Urban Development Group has been building and developing fine residential and commercial properties across the GTA.
BLVD Developments is a full-service real estate development firm recognized for its design passion and creation of desirable, distinctive downtown condominiums.
Liberty Market Lofts suites range from studios to one-bedroom, one-bedroom-plus-study/work, two-bedroom and two-bedroom-plus-study/work designs in sizes from 390 to 1,190 square feet, priced from $179,990 to $562,990.
Reston, VA-Net lease investors interested only in freestanding retail properties are ignoring a very lucrative investment opportunity–net lease retail condos. These properties offer many of the same benefits as traditional net lease investments. Moreover, they allow net lease investors (or net lease brokers) to put money into areas that traditionally exceeded most net lease investor budgets: dense urban areas with strong foot traffic.
“In general, retail condos are very well located and have very good demographics and demand drivers,” says Harmar Thompson, senior vice president of Lowe Enterprises Real Estate Group. The Los Angeles-based developer recently sold the retail portion of its CityVista project to Columbia, SC-based Edens & Avant.
Located in Washington, DC’s Mount Vernon Triangle neighborhood, the mixed-use project includes 441 condominiums, 244 rental apartments and roughly 116,000 square feet of retail. The project is structured with a condo regime, Thompson says, which allows Lowe Enterprises to sell pieces of the project to monetize other components. A 55,000-square-foot Safeway anchors CityVista and was part of the retail condo that Edens & Avant acquired.
Like traditional net lease investments, net lease retail condos are leased to tenants that have committed to a long-term lease, usually longer than 10 years, and as long as 25 years with increasing rent over the lease term. The tenant is responsible for paying rent plus some or all of the operating expenses of the building such as taxes, insurance premiums, repairs and utilities.
Retaining Value Most retail condos are located in central business districts, though retail condos can also be found in suburban locations. Cities such as New York, Chicago, Boston, San Francisco and Washington, DC have the largest concentrations of retail condos, but smaller cities like Seattle, Denver and Charlotte, NC also have retail condos.
Over the past five years, more than $20 billion worth of retail condos have changed hands in the United States–and that’s just in urban areas, according to Real Capital Analytics, a New York City-based research firm. Though the total includes only deals larger than $5 million, a significant portion of retail condos sales come in well below the $5-million mark, making retail condos accessible to a wide range of investors.
Real estate assets in urban areas tend to retain their value better than assets in suburban locations, making urban retail even more attractive to net lease investors. However, most net lease investors have been priced out of urban markets because the only available investments were entire buildings with price tags in the tens of millions, if not hundreds of millions.
The vast majority of retail condos are part of mixed-use buildings. They typically occupy the ground floor of vertical mixed-use projects with office, hotel or residential above the retail, and sometimes all three. They can also be found in town center projects in suburban areas. Retail condos range in size, from as small as 500 square feet to 50,000 square feet or more.
The difference between a typical mixed-use project and one that includes retail condos is the ownership structure. Developers choosing to go the retail condo route end up implementing a condo regime on their projects, which basically carves up the different uses in the project into as many pieces the developers desire. Retail condos can be sold to an investor or buyer who plans to occupy the space. The retailers occupying retail condos aren’t just mom-and-pop retailers either; large national retailers also sign leases in buildings that have been structured as retail condos.
“Retail condos offer bite-sized pieces for net lease investors,” Thompson points out, adding that investors are increasingly willing to pay a premium for retail condos because of their urban locations and built-in foot traffic from nearby office tenants or residents.
This willingness to pay a premium is a marked change from just a few years ago. “We find that people are much more accepting of condo interests than they used to be,” Thompson says. “In the past, investors paid less for condo interests because they were uncomfortable with the fact that they would never have full control of the entire property. But, enough developers have done retail condos that lenders and investors are comfortable with the product.”
That doesn’t mean net lease retail condos still don’t have their quirks. Janis Schiff, a partner in the Washington, DC office of Holland & Knight and head of the firm’s real estate group warns that investors must accept they own only a piece of the building and the entire project may have issues or expenses in addition to the retail condo. Also, investors have to deal with condo associations, an added complication that many net lease investors actively avoid, Schiff says.
Nonetheless, net lease retail condos offer plenty of benefits. “For net lease investors who don’t want to own a property in the middle of nowhere and prefer a sure thing in terms of traffic and density, retail condos are an option,” Schiff notes.
Monetizing Pieces Retail condos are not only lucrative for investors, but for developers as well. In fact, more and more developers and joint ventures are structuring their projects to include retail condos. “Condo regimes are a way to harvest value in complicated mixed-use projects,” Thompson says, adding that Lowe Enterprises sold the CityVista retail condo before it was able to sell out its residential condos. “We had the option to monetize components to pay off the loan.”
In traditional retail developments, developers can subdivide their projects and sell off parcels to multiple retailers, and the proceeds from the land sales provide equity for the entire project. Historically, developers didn’t have the ability to monetize specific pieces of mixed-use projects because it was nearly impossible to sell off parcels of a mixed-use development, especially a vertical development. Developers were forced to follow an “all or nothing” strategy–either leasing everything or selling everything.
But condo regimes make it possible for developers to divide mixed-use projects in various ways. Schiff contends that condo regimes are one of the best ways to separate value and reduce risk because developers can own each component of their projects separately. “Condo regimes give developers more flexibility,” she concludes.
Beyond flexibility, it’s not uncommon for some developers to actually make more money by selling parts of their projects rather than selling the projects whole, Thompson notes. This is especially the case for mixed-use projects in urban areas with national tenants committed to long-term net leases.
“We see mixed-use properties as the future, so it makes sense for a net lease investor to bet big on those types of projects,” Thompson says.
Jonathan Hipp is president and chief executive officer of Reston, VA-based Calkain Cos. and a member of NET LEASE forum’s editorial advisory board. The company’s website can be found at calkain.com
Jonathan W. Hipp is President of Calkain Companies and founded the firm in 2005 with over 20 years experience in the Real Estate industry. While his knowledge spans a broad spectrum of real estate, Jonathan is well respected for his expertise on Net Lease Investments.
Jonathan has completed over $2 billion in Net Lease Investments throughout his career and is regularly interviewed for articles appearing in a variety of publications, including Commercial Real Estate Forum, Forbes, Fortune Magazine, National Real Estate Investor, Commercial Property News, Globe St., Shopping Center Business, Southeast Property News, Washington Business Journal, CIRE Magazine & Retail Traffic. He is also frequently invited to serve as a panelist or speaker at Net Lease and Real Estate conferences and seminars throughout the country.
Did you know that the Bloor West Village is Canada’s latest BIA (Business Improvement Area), established in 1970 by Alex Ling. Shortly thereafter the next BIA concept extended to other parts of the urban center and North America? Bloor West Village comprises of more than 440 shops, eateries and services as is widely known as one of most popular shopping regions in Toronto. Many of the households in the Bloor West Village have terrific front porches that are well shaded by the high oak and maple trees that line the streets of this vicinity. Bloor West Village has slowly aged into a tremendous mixing of big-city convenience and small-town atmosphere. And let me state you cant go bad buying real estate in this area, as it appreciates very good in a short 5, 10 year time period. This area always has great Toronto Homes for sale.
One passing stroll down the Bloor West Village area will let you to learn how much of a wonderful community it is in one of the most coveted neighborhoods in the Greater Toronto Area to live in. This area is simply one of the most prosperous and wanted after retail locations in the Greater Toronto Area, it is a quintessential veteran Toronto neighbourhood.
On the real estate sales position, recent real estate data proves in fact that the Bloor West Village is, and has been for over 15 years a highly sought after place to live, and through time, it’s as hot in sales terms, as the GTA can get. As an masterful sales representative in the Bloor West Village I can obtain you the latest Bloor West Village MLS lists and keep you educated on real estate in this area, Toronto West, Ontario and any encompassing areas you may have an involvement in. It’s a must-buy area for any Torontoian, realtors, appraisers, surveyors, historians, and mortgage brokers, along with those of us who travel to this terrific city. When you start searching Toronto Homes for sale, start with the Bloor West Village.
The Jane and Runnymede subway stations are a big part of the Bloor-Danforth subway line, very well traveled and are both within a minute or two walking spaces of the homes in Bloor West Village. There is even extended parking located nearby and are steps from the Runnymede subway station. The QEW is merely ten minutes away and the 401 is only 20 minutes away, Sherway Gardens is only twenty minutes away, there are umpteen malls in a short driving distance as well as High Park is possibly a brisk 5 minute drive away.
High Park, one of our metropolises greatest parks, provides the beauty of nature and the convenience of Bloor West Village. Notably well known for being a great school district, there are steps to some shops and the Bloor subway making it a smooth access area to transit via the subway or a commute to the downtown heart by the QEW.
The Bloor West Village is a wonderful community, with hot real estate properties in one of the most delectable neighborhoods in the Greater Toronto Area. On a cultural mention, the Bloor West Village Ukrainian Festival, which keeps the outstanding Ukrainian influence alert in the community, takes place in August of each year and is one of the city’s most popular events.
As a real estate agent, I can obtain you any information you need for this area. With the streets of Bloor West textured with historical trees and the roads somewhat wide, it is nice to recognize it is a wonderful child friendly neighbourhood with quite a few recreation centers, parks and a few very well interpreted schools close such as Public Elementary School – Annette Jr. … Sr., Public High School – Humberside Collegiate Institute, Western Technical Commercial School, and finally Catholic Elementary School – St. Cecilia or St. Pius X. There are also few private schools – Montessori High Park School, and Montessori Humberside School.
Some entertaining demographics and facts about the Bloor West Village are: the average home price is $490,000, average property taxes $4500, main population age between 20-49, and the average house income is well over $125,000. The Bloor West Village has slowly matured into an exceptional mixing of big-city convenience and small-town ambiance.
For more information on this absolutely fantastic area, please give me a call at 416-523-1315, ask for Monica Itiniant. I am an agent that you can turn to, specializing in Toronto Homes for Sale
When you need great real estate advice from a trusted professional. Enjoy the benefits of a productive agent and call Monica Itiniant, she can help you with finding Toronto Homes for sale
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