Broccolini’s Park Towns at Bayview and Sheppard sells out within hours

TORONTO, August 19, 2013 – Interested buyers recently seized the opportunity to purchase townhomes at Park Towns Bayview and Sheppard, with registration proving a success and all 50 units in the new complex selling out within mere hours of their release. The project's strong sales come at a time when analysts are predicting a downturn in Toronto's housing market.

As the first residential project in Toronto by Montréal-based Broccolini—one of North America's leading builders and developers—Park Towns' impressive registration performance demonstrates Broccolini management's skill at carefully analyzing market conditions and delivering the kind of residences that appeal to local home buyers. Located in one of Toronto's most inviting neighbourhoods, Park Towns is the only urban townhouse development in the area, a key factor in attracting such widespread interest from prospective owners.

"We believe the sheer speed at which residences sold out demonstrates the strength of this market, particularly when consumers are presented with quality products and such remarkable value. Park Towns are the only newly-constructed condo-townhomes in this part of Toronto featuring designs for everyone from families with children, to single professionals," said Broccolini Vice President, Business Development and Finance, Michael Broccolini.

Slated to commence construction in the first quarter of 2014, satisfied buyers are eager to occupy their Park Towns residences. As many buyers remarked, Park Towns boasts unprecedented quality and value for Torontonians seeking opportunities to live in the city's uptown district.

"Park Towns offers spacious family living in a prime area of the city at great value and with easy access to great schools for our children," Park Towns purchasers Margarita Orlova and Dimitriy Pavlyuk said of the project. "It's virtually impossible to find that combination of livability and investment value in other Toronto neighbourhoods, especially not with amenities like the subway, and shopping at malls like Bayview Village within walking distance."

The collection of 50 urban townhomes offers a unique lifestyle advantage combining sleek, contemporary architectural design within easy proximity to a wealth of transit and lifestyle amenities including Toronto's 400-series highways, the Sheppard subway line (Bessarion Station is located just steps away from the development) and the shops and fine dining at upscale Bayview Village Shopping Centre. That's in addition to a pristine setting amid some of the city's finest parklands, where local residents can often be seen cycling, jogging, walking their dogs or enjoying the lush scenery.

The project's brownstone-inspired architecture in family-friendly one-, two- and three-bedroom designs—starting in the mid-$200s—by SMV Architects and interior design firm Bryon Patton and Associates, offer a wealth of features from meticulous interior finishes, to private rooftop terraces and nine-foot ceilings.

Strengthening the value proposition is Broccolini's strong industry reputation. With more than 60 years of experience in residential, retail, industrial and commercial construction throughout Ontario and Québec, the Broccolini family (www.broccolini.com) is building some of the country's finest residential developments, including 155 Redpath in Toronto, The Slater in Ottawa and L'Avenue in Montréal. Long regarded as one of the nation's leading builder and developers, Broccolini is transforming city footprints and skylines.