WHAT'S GOING ON HERE? Condo towers, townhouses to rise beside Vaughan Ikea store

Mobilio a joint venture by Toronto-based Menkes Developments, Vancouver-based QuadReal Property Group

Yorkregion.com
Sept. 1, 2020
Adam Martin-Robbins

A new development is underway at the south end of the city's emerging downtown core, known as the Vaughan Metropolitan Centre, right next door to the Ikea store.

JUST THE FACTS:

• The development, dubbed Mobilio, is located on the south side of Interchange Way west of Jane Street and north of Hwy. 407, on an approximately six-hectare vacant lot between Ikea and Teledyne Optech Inc.

• Approved by city council in 2019, it is a two-phase residential development consisting of 1,148 units -- 751 condo units and 397 townhouse units in a mix of stacked, back-to-back and traditional types, according to Menkes. The three condo buildings will reach heights of 13, 15 and 18 storeys with retail space on the ground floor.

• Construction work has begun on the north half of the site, which includes three condo towers and about 135 townhouses.

• Occupancy is projected for 2022.

The project is a joint venture by Toronto-based Menkes Developments and QuadReal Property Group, which has its headquarters in Vancouver.