Midtown Urbanist
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National, Brixen buy Brampton site for 2-tower development
National Homes’ increasing focus on taller residential buildings will continue with the acquisition of a Brampton site with partner Brixen Development. The vacant 2.49-acre property at 245 Steeles Ave. W., a few blocks west of Hurontario Street, was acquired from
renx.ca
" The vacant 2.49-acre property at 245 Steeles Ave. W., a few blocks west of Hurontario Street, was acquired from Sundial Homes in an off-market deal for an undisclosed price. Approvals were already in place to build two 25-storey condominiums before the acquisition closed on May 14 and the two partners will move forward with that plan.
The two towers will share a six-storey podium as well as underground and surface parking. There will be approximately 800 one-bedroom, one-bedroom-plus-den, two-bedroom and two-bedroom-plus-den units ranging in approximate size from 500 to 750 square feet.
The project still has to go through the site-plan approval process. Sales should launch this fall and prices haven’t been revealed. National Homes president and managing partner Jason Pantalone told RENX he would like construction to start next summer, with first occupancy in the summer of 2025. "
Brampton's development portal has this to say:
PRE-2021-0076:
The proposed development consists of a 25-storey condominium apartment building with a 4 and 5-storey podium base. the proposed condo will support approximately 21,454 square metres of gross floor area and will be accessed via Malta Avenue. Parking will be accommodated through an underground parking structure, also accessed from the driveway on Malta Ave.
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