Mizrahi Developments
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Real Estate News Exchange | August 20, 2019
Mizrahi’s The One, 1451 Wellington show demand for luxury condos
Mizrahi Developments, the developer behind The One, Canada’s second-tallest building after the CN Tower, is eyeing sites in the Yonge and Steeles area of Toronto for future luxury condo developments.
“We see that as a very ripe area for redevelopment and a gateway site with the Yonge subway line that’s now expanding to Steeles,” said Sam Mizrahi, president and founder of Mizrahi Developments, in a recent interview.
The Yonge subway extension from Finch Station in Toronto will stretch 7.4 kilometres and include five new stations and two intermodal terminals, including one at Steeles.
“We look at Yonge and Steeles as this gateway between Toronto and Vaughan,” Mizrahi says. “It’s a very important nexus, a central node of the city in terms of the diversity and the cultures and immigrants that live there.”
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