Developer Sold Out

Grand Festival Condos

Sold Out Apr 2021

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$1,141/sq.ft.

Grand Festival Condos Price History

$1,141/sq.ft.
***** *****
since launch
as of September 15, 2024

1 Bed

Sold Out $1,153/ft Last Price・Apr 2021 *****

1 Bed + Den

Sold Out $1,111/ft Last Price・Apr 2021 *****

2 Bed

Sold Out $1,134/ft Last Price・Apr 2021 *****

Grand Festival Condos is a new condominium development by Menkes Developments Ltd. & QuadReal currently under construction located at 1 Commerce Street, Vaughan in the Thornhill neighbourhood with a 25/100 walk score and a 74/100 transit score. Grand Festival Condos is designed by IBI Group and will feature interior design by Cecconi Simone. Development is scheduled to be completed in 2025. The project is 61 storeys tall and has a total of 1,200 suites ranging from 452 sq.ft to 699 sq.ft.

Neighbourhoods

Thornhill
123 Total Projects
Neighbourhood in Vaughan

Sales Status

View on Map
Actively Selling
12
Actively Selling
Launching Soon
0
Launching Soon
Registration Phase
29
Registration Phase
Sold Out
11
Sold Out
Resale
56
Resale

About Thornhill

Discovering Thornhill: A Peaceful Suburb with Urban Amenities

Nestled just north of Toronto, Thornhill offers the perfect blend of suburban tranquility and urban convenience, making it one of the most sought-after neighborhoods in the area. Its rich history, diverse community, and plethora of amenities create an inviting atmosphere for families, professionals, and retirees. Here’s a detailed look at what makes Thornhill a great place to live, including insights into its real estate market, local amenities, and lifestyle.

Why People Love Thornhill

  1. Diverse and Inclusive Community: Thornhill is celebrated for its multicultural environment, offering a rich tapestry of cultures, cuisines, and traditions. From quaint cafes to international restaurants, the area is a food lover’s paradise.
  2. Green Spaces and Parks: With an abundance of parks and green spaces, residents enjoy activities like hiking, biking, and picnicking in beautiful settings such as Pomona Mills Park and Thornhill Greenway.
  3. Top-Rated Schools: The neighborhood boasts several highly regarded educational institutions, ensuring quality education from primary to post-secondary levels.
  4. Convenient Location: Located in the regional municipality of York, within the city of Markham, Thornhill is just north of Toronto and offers easy access to public transportation and major highways.
  5. Vibrant Shopping and Dining Scene: Residents enjoy a diverse range of shopping and dining experiences, with popular destinations like Promenade Mall, and boutique shops and restaurants along Yonge Street.

Real Estate in Thornhill: A Varied Landscape

  • Historical Charm: The Thornhill Markham Heritage Conservation District along John Street showcases heritage homes with architectural styles ranging from Victorian Gothic to Craftsman style bungalows.
  • Spacious Residential Options: Most Thornhill houses are built on generously sized lots, offering spacious layouts. The area features a mix of fully-detached homes, semi-detached houses, and in upscale areas like Uplands, even large luxury homes and mansions.
  • Growing Condo Market: High-rise condos and townhomes, particularly along Steeles Avenue and Yonge Street, provide more affordable housing options, with the demand for properties in Thornhill reaching all-time highs.
  • Family-Friendly Subdivisions: Neighborhoods like Thornhill Woods, Royal Orchard, and Bayview Glen are especially popular among young families, offering an array of amenities, top-notch schools, and exciting attractions.

Local Amenities and Lifestyle

  • Recreational Facilities: Thornhill boasts a mix of indoor and outdoor recreational facilities, like the North Thornhill Community Centre, offering amenities from cycling studios to swimming pools.
  • Cultural Hotspots: The area is rich in cultural activities, with venues like the City Playhouse Theatre showcasing local and professional talents in theatre, dance, music, and more.
  • Shopping Destinations: Thornhill is a shopper’s haven with destinations like Centerpoint Mall, Shops on Yonge, and Promenade Mall offering a wide array of stores and dining options.
  • Parks and Outdoor Activities: The neighborhood is dotted with beautiful parks like German Mills Park, offering nature trails and outdoor activities for residents.

Conclusion

Thornhill represents the best of both worlds – the peace of suburban living combined with the convenience of urban amenities. Its rich history, diverse community, excellent schools, and a wide range of housing options make it an ideal place for anyone looking to make their home in the Toronto area. Whether you’re a professional seeking a modern condo or a family looking for a spacious home, Thornhill offers a lifestyle that caters to a variety of preferences and needs.

Development team

  • Developer
  • Architect
  • Interior Designer
  • Sales Company

Menkes Developments Ltd.

87 Total Projects
Actively Selling
7
Actively Selling
Launching Soon
1
Launching Soon
Registration Phase
9
Registration Phase
Sold Out
8
Sold Out
Resale
62
Resale
Cancelled
0
Cancelled

About Menkes Developments Ltd.

Menkes Developments: Building Toronto's Future

Menkes Developments, a family-operated business with nearly 70 years of history, has become synonymous with quality and innovation in Toronto's real estate market. Established by Murray Menkes in 1954, the company began by constructing single-family homes and evolved into one of the largest private developers in Canada, focusing on the Greater Toronto Area (GTA).

Overview of Menkes Developments

  • Foundation and Growth: Founded in 1954 by visionary entrepreneur Murray Menkes, the company has expanded from building single-family homes to creating master-planned communities and high-rise condominiums.
  • Family Leadership: Menkes is currently led by Murray's three sons, Alan, Steven, and Peter, along with grandsons Jared, Jason, Adam, and Sean, ensuring the company's legacy continues with the same commitment to excellence.
  • Industry Impact: As of today, Menkes has developed over 15,000 homes and condominiums, with a significant influence in shaping the modern North York City Centre.

Key Highlights of Menkes Developments

  • Diverse Portfolio: Menkes Developments is known for its multifaceted portfolio, including elegant family homes, luxury condominiums, and highly coveted office, industrial, and retail spaces in prime locations.
  • Notable Projects: The company's past projects showcase its commitment to quality and innovation. Some of the landmarks include the Four Seasons Hotel & Residences in Bloor-Yorkville, the Empress Walk entertainment, shopping, and residential complex in North York City Centre, and the Harbour Plaza Residences / One York commercial retail complex in Toronto's South Core district.
  • Environmental Commitment: Menkes has constructed rooftop solar installations atop 14 of its properties, totaling approximately 4.0 megawatts, one of the largest privately-owned rooftop solar portfolios in Canada.
  • Awards and Recognition: Menkes has received numerous awards for its commitment to quality and customer service, including recognition by Tarion as one of the top builders in Ontario.

Customer Reviews and Testimonials

Customers and industry experts alike have consistently praised Menkes Developments for their dedication to quality, innovative design, and sustainability. The company's commitment to creating not just buildings, but communities, resonates strongly with residents who take pride in calling a Menkes property their home. In conclusion, Menkes Developments has played a pivotal role in shaping Toronto's skyline and residential landscape. With a legacy of nearly 70 years, the company continues to innovate and set new standards in the real estate industry, ensuring that its vision for quality, community, and sustainability is reflected in every project it undertakes.

QuadReal

21 Total Projects
Actively Selling
8
Actively Selling
Launching Soon
0
Launching Soon
Registration Phase
7
Registration Phase
Sold Out
3
Sold Out
Resale
3
Resale
Cancelled
0
Cancelled

Activity

Launch Price/ft
*****
Last Recorded Price/ft
$1,141 /ft
Change from Launch
*****
1 Bed Price
$1,153/ft
1 Bed + Den Price
$1,111/ft
2 Bed Price
$1,134/ft
1 Bed Change from Launch
*****
1 Bed + Den Change from Launch
*****
2 Bed Change from Launch
*****

$1,141/sq.ft.

Grand Festival Condos,

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Activity

Key Information

Location
Completion
2025
Sales Status
Developer Sold Out
Development Status
Under Construction
Building Type
Condo &
Townhouse (Ground Floor of Condo)
Price Range
$560,000 - $800,000
Suite Sizes
452 sq.ft to
699 sq.ft
Avg. Price (/ft)
-
Parking Price
$72,000
Locker Price
$7,500
Mt. Fees (/ft)
$0.68
Deposit Structure

(20% + 1%)

$5,000.00 On Signing

Balance to 5% - 30 days

2.5% - 90 days

2.5% - 180 days

2.5% - 370 days

2.5% - 540 days

2.5% - 720 days

2.5% - 870 days

1% - Occupancy

  • Multimedia room
  • Party Room with Catering Kitchen
  • Outdoor BBQ & Fire Pit
  • Music Room
  • Kids Play Area
  • Outdoor Theatre
  • Dog Run Area
  • Lounge
  • Social Club
  • Art Room
  • Sports Bar
  • Sun Lounge Area
  • Indoor Pool
  • Outdoor Terrace

Additional Information

Walk Score
25 / 100
Transit Score
74 / 100
Architect
Interior Designer
Sales & Marketing Company
Count
61 Floors
1,200 Suites
Height (M)
-
Height (Ft)
-
Data last updated: September 14th, 2024