A Sheppard Avenue property owned by Toronto’s Amexon Development Corp. since 1995 is about to be transformed into a multi-tower, mixed-use community which will include more than 2,000 residential units and 320,000 square feet of office space.

The 12-acre master-planned The Residences at Central Park at 1200 Sheppard Ave. E. will be built in phases and eventually include: five residential condominium towers; 55,000 square feet of indoor amenity space; a redesigned office component including two existing buildings on the site; retail; restaurants; and a three-acre park offering year-round, outdoor event programming.

Amexon’s redevelopment has been in the planning stages for the past 10 years.

It used to contain three office buildings, but one has been demolished and the two that remain will receive a refurbishment as part of the redevelopment of the underutilized site into a mixed-use community.

The project is a key part of Amexon’s growth strategy, which involves the acquisition of office buildings and development lands, where it makes financial sense for the company and its investors, and developing high-rise mixed-use communities.

“We’ve expanded our residential component with an investment syndicate of 20-plus private investors,” Jason Shiff, who runs the company’s real estate division, told RENX. “We’re looking for future growth in our portfolio that we want to explore for mixed-use development.”

About Central Park Condos Development

Central Park Condos will be located on Sheppard Avenue East & Leslie Street, Toronto. 1793 units will comprise this series of towers. The development will be overlooking the Don River and the open spaces in the neighborhood. One of the selling points will be the fantastic view.

Location & Accessibility

If tranquility and a breath of fresh air are all you need, Central Park Condo residents need not go far from their residence. Just a few steps away are the Ambrose Parkette, Maureen Parkette, and Bessarion Parkette. You can also be adventurous and go for a hike at East Don Parkland and Betty Sutherland Trail. Schools are also nearby, like the Sheppard Business Park Child Care Center and CCNM.

You’ll find local eateries including Druxy’s Famous Deli, Peking Man Restaurant, and Sunshine Spot. Ikea North York is just minutes away from when you feel furnishing your gorgeous new unit. North York General Hospital is also nearby Central Park Condos.

TD Canada Trust and BMO Bank of Montreal are also close to the beautiful area of North York. Highway 401 is also minutes away making it easy to commute in and out of the city from Central Park Condo. In need of some retail therapy? Bayview Village Shopping Centre and MEC North York are close by.

The Developer

Amexon Development develops Central Park Condos. The Toronto condo project is currently in the early preconstruction planning phase. Estimated dates of occupancy and completion are still unknown. Size and price of suites are also yet to be announced.

Central Park Condo will be designed by CORE Architects who are responsible for some of the GTA’s highest-profile events including M City in Mississauga, 12 Degrees on Beverley Street, NY 2 at Rean Drive North York, Fashion House at King West, Seventy 5 Portland in Liberty Village, and Six50 King on King Street.