TORONTO, June 19,
2024 /CNW/ - Brixen Developments Inc. and Almega
Corporation are pleased to announce they have entered into a joint
venture to build new condominiums at Downsview Park, just a few
minutes' walk from the Sheppard West subway station or 4 minutes on
the Sheppard bus.
This modern condominium at 824 Sheppard Avenue West is the
perfect backdrop for a vibrant life near Downsview Park, a popular
green space and music festival venue with forests and trails,
sports fields, and more. The park is set for extensive development,
along with the Sheppard West corridor. As well as effortless
accessibility to the expanding Downsview Park, the new condominiums
will also offer premier access to transit, and smart in-suite
technology to streamline everyday life.
"We're thrilled to offer homebuyers the opportunity to live a
highly connected lifestyle, on the doorstep of Downsview Park, a
precedent-setting new urban development," said Basem Hanna, CEO, Almega.
That sentiment is echoed by Brixen's co-founders, Alexander
D'Orazio and Andrew Iacobelli, who are delighted to join forces
with Almega on this exciting project. "We wholeheartedly
embrace the opportunity to work in partnership with Almega on what
no doubt will be a very sought-after new community," said
D'Orazio.
"This next-level project will benefit from the great synergy of
our two companies working together," added Iacobelli.
Combined strength and depth of
experience
In just a few short years since its inception, Brixen has
already made a mark within the GTA building industry, winning
BILD's Home Builder of the Year, High-Rise award in 2024.
The joint venture between Brixen and Almega will capitalize on
each company's unique capabilities in land entitlement,
pre-development sales, construction management and property
management.
The Sheppard West condominium project is the cornerstone of the
new partnership between the two distinguished builders. Bringing
into play all their combined experience and unique expertise, the
talented team is poised to have a significant impact on the
landscape of this neighbourhood. Together, Brixen and Almega will
create an unprecedented community that brings condominium living
into the future.
"Residents of this condominium community will experience an
enriched lifestyle in a high-quality building, thanks to our team's
impressive combination of experience," said Hanna.
Neighbourhood of the
future
The unique midrise condominium building rises above the Sheppard
West neighbourhood, offering residents easy access to the 291-acre
Downsview Park, Toronto's Central
Park.
Close proximity to this popular green space and music festival
venue with forests and trails, ponds and picnic space, sports
fields, the Downsview Park Merchants Market, and a training site
for aerospace students is a key selling point for the new
residence. Also at Downsview Park is K1 Speed Go Karting, The
Hangar Sports and Event Centre, and the HoopDome – rounding out the
offerings for all ages and all interests.
Brixen and Almega's new community will become an increasingly
more desirable place to live as the extensive plans to transform
520 acres of the Downsview Lands come to fruition. Formerly the
home of de Havilland Aircraft and the Canadian military, the
Downsview Lands, adjacent to current Downsview Park, will be a
nature-centred urban oasis for 85,000 residents. This new city
within the city will define the area and showcase modern urban
planning. New streets, transit routes, bike paths, walking trails,
and green space, will all connect to area parks, transit stations,
streets and neighbourhoods.
Both Brixen and Almega are proud to be offering Toronto homebuyers a brilliant new
opportunity, and are looking forward to seeing the Sheppard West
neighbourhood transition into a dazzling modern destination.
About Almega Corp.
Founded in 2011, Almega Corp is a vertically integrated Canadian
private real estate development company, whose decisions and
actions are driven by its core values of trust, respect, equality,
and compassion. The company has over $1 billion in active
and completed projects, and more than 1,000 units under development
encompassing more than one million square feet. Almega's goal is to
create long-term value through acquisition, development, and
management of select real estate assets across Ontario. Almega
proudly donates 10 percent of its profits to charitable causes
selected by its employees.
About Brixen
Developments
Award-winning Brixen Developments was formed in 2019 by
Alexander D'Orazio and Andrew Iacobelli, and this partnership
confirmed their common values. Both are committed to quality and
are driven by the desire to build communities where people come
first. Brixen is determined to integrate these values into each
project. Without sacrificing their core values, each of their
developments is delivered within budget and within promised
schedules.
SOURCE Almega Co. | Brixen Developments