Estimated completionFebruary 2027
PricingFrom $660,490 to $1,067,990
One of the fastest-growing neighbourhoods in Canada is about to grow a little more as SmartLiving introduces Park Place, the next phase of SmartVMC, SmartCentres REIT’s 100+ acre master-planned city centre in Vaughan’s new downtown hub. Located on the northeast corner of Highway 7 and Commerce Street and immediately adjacent to SmartVMC’s central 9-acre park, the two-tower proposal is set to expand the area’s emerging skyline, rising to heights of 48 and 56 storeys. These mixed-use towers build on SmartVMC’s transit-oriented, pedestrian-friendly development, adding to the vibrant community growing in Vaughan’s burgeoning downtown.
The two towers are designed by Hariri Pontarini Architects and will contain more than 1,100 residential units, with over 10,000 ft² of retail space at the base. The south tower rises 56 storeys with the north tower reaching 48 storeys, both of which sit atop a connected 3-storey podium. Given their location adjacent to the park and the Highway 7 corridor, the towers will offer uninterrupted views across the entire GTA. The proposal includes generous sidewalks and a public realm around the building, including a north-south pedestrian mews along the east edge of the site connecting Highway 7 to New Park Place.
The proposed development fronts directly onto the middle section of the 9-acre central park at the heart of the SmartVMC master plan. The park is designed by renowned landscape architects Claude Cormier + Associés, and the central heart of the park will contain a sunken lawn, a kids’ play area, and a dog park, essentially becoming a big backyard for residents. The first phase of the park will begin construction later this year.
ARCHITECTHariri Pontarini Architects
SIZE RANGE477 – 905 SqFt
EST. MAINTENANCE FEES
C.C / Maint: $0.66 Per SqFt per Month
Parking Maintenance Fee – $70/month)
Cost to Purchase Parking:
(*789 sq.ft. + eligible
Below 789 sq.ft. to be waitlisted
15% DEPOSIT STRUCTURE
$10,000 deposit with offer
Balance to 5% in 30 days
5% in 120 days
2.5% 5% in 400 300 days
2.5% 5% in 540 days