September 29, 2023

3 mins read

Pickering City Centre Tower 1 Nearly Sold Out, Tower 2 Set to Launch this Friday

September 26, 2023 by Anthony Teles

CentreCourt‘s Pickering City Centre project is making waves in the Greater Toronto Area’s real estate landscape. With Tower 1 of this expansive 55-acre masterplan community now 95% sold out, the real estate community is awaiting the launch of Tower 2 this Friday. 

Earlier this month, on September 13th, CentreCourt hosted a launch event on the grounds of the future masterplan. With over 2,000 attendees, this electric launch event was the biggest launch of 2023 and one of the largest launches in the company’s history.

Sales centre grand opening on September 13, image courtesy of CentreCourtSales centre grand opening on September 13, image courtesy of CentreCourt

The event featured presentations from several key figures associated with the project. Gavin Cheung, President of CentreCourt, was joined by Jason Lam, Partner and Senior Vice President of Sales and Marketing, and Shalini Karthigesan, Senior Sales and Marketing Manager, in addition to Pickering’s Mayor Kevin Ashe, to discuss the exciting vision for the project.

Over 2,000 attendees at the launch event held September 13, image courtesy of CentreCourtOver 2,000 attendees at the launch event held September 13, image courtesy of CentreCourt

At $1,050/ ft², Pickering City Centre is one of the most affordable condominium projects in the GTA. The masterplan will incorporate the 700,000 ft² existing shopping centre and provide residents with direct access to GO Transit. Additionally, the first phase of the development promises a substantial 127,000 ft² of amenities.

Block 1, the development’s first phase is poised to feature four mixed-use residential towers, housing approximately 2,200 residential units in a design by Diamond Schmitt Architects. These towers will vary in height, ranging from 40 to 55 storeys, and will offer around 18,000 ft² of retail space at the ground level. Residents can look forward to a diverse range of amenities, including a 20,000 ft² fitness centre, co-working spaces, a unique Cleveland Clinic Virtual Clinic, a golf simulator, and a rooftop pool with outdoor lounge areas. The development also plans to incorporate lush interior courtyards, which will connect to a broader network of green spaces.

Pickering City Centre, designed by Diamond Schmitt Architects for CentreCourt, Cowie Capital Partners Inc, and Salthill CapitalThe rooftop pool and lounge area at Phase One of Pickering City Centre, designed by Diamond Schmitt Architects for CentreCourt, Cowie Capital Partners Inc, and Salthill Capital

The Pickering Town Centre shopping mall, an integral component of the masterplan, spans approximately 700,000 ft² of leasable area. It currently hosts major tenants such as The Bay, Cineplex, Farm Boy, H&M, and Saks Off Fifth. A commercial office tower on the site includes tenants like BMO Nesbitt Burns and MPAC. While Highway 401 is adjacent to the south, a pedestrian bridge provides a direct connection to the Pickering GO station, enhancing the site’s connectivity.

The residential development is located on what is currently unused surface parking space to the east of the mall, ensuring minimal disruption to the mall’s operations.

Pickering City Centre, designed by Diamond Schmitt Architects for CentreCourt, Cowie Capital Partners Inc, and Salthill CapitalLooking southwest to Pickering City Centre, designed by Diamond Schmitt Architects for CentreCourt, Cowie Capital Partners Inc, and Salthill Capital

In collaboration with Cowie Capital Partners Inc and Salthill Capital as retail and office leads, CentreCourt’s vision encompasses more than ten mixed-use towers, aiming to house approximately 6,000 residential units. The overall masterplan is set to introduce a density of around 3,600,000 ft², encompassing residential, retail, and commercial spaces.

As the Pickering City Centre project continues to evolve, CentreCourt’s aim is to craft a cohesive, connected, and sustainable community for the residents of Pickering and the broader GTA.

For those interested in further details about this transformative project, more information is available on the official Pickering City Centre website.

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