The first phase of the Parkview Valley development in 麻豆AV was officially opened on July 9.
The project, by Centurion Property Associates and Ironclad Developments, is the first of five planned buildings on Benvoulin Court, eventually bringing more than 400 much-needed homes to the city.
The ribbon-cutting included representatives from the two development companies, the City of 麻豆AV, and the provincial and federal governments.
Stephen Marshall, executive vice president of Property Operations at Centurion, said the company is proud to continue expanding in 麻豆AV.
鈥淲e're excited to celebrate the opening of Parkview Valley. This is our fourth location in this market, and we're excited to be here and continue to be,鈥� he said.
Marshall thanked Centurion staff for their role in delivering what he called 鈥渁 great place for people to call home,鈥� noting that the company has brought 156 new rental suites online with this phase, ranging from studio to three-bedroom units.
鈥淚n totality, we'll have 401 in this community alone, so this certainly goes part of the way in addressing the housing needs in this market,鈥� he said. 鈥溌槎笰V's had a critically low vacancy rate since we started this development, and I believe that's still the case.鈥�
He added that the location was chosen for its accessibility to transit, jobs, shopping, and recreation.
Ironclad Developments鈥� Chief Financial Officer, Ahileas Tsekouras, said the project is the company鈥檚 largest to date.
鈥淧arkview Valley is more than just a development. It's a symbol of what's possible when people can come together with the same vision and the same care and commitment to excellence.鈥�
Tsekouras highlighted energy-efficient design choices including solar power, EV charging infrastructure, and high-efficiency appliances.
鈥淓very decision that we made was with the focus on the environment and the residents,鈥� he said. 鈥淭he amenities are second to none. The amenities within the suites are second to none.鈥�
Residents will also have access to an amenities building that includes a fitness centre, theatre, sports simulator, pet spa, kids playroom, games room, rooftop patio with BBQs, and a lounge with a kitchen.
麻豆AV City Councillor Luke Stack said the city offered a 10-year tax break on the building, part of an incentive program to boost vital rental development.
鈥淭his would be an empty field if we didn鈥檛 have enough incentives to attract people into this area,鈥� Stack said.
He recalled the area鈥檚 agricultural past, when it was the Pettit Farm.
鈥淭hey had always, one day, hoped that it would be a community where people lived,鈥� he said.
The 10-year tax break applies to the new construction and not the land the buildings sit.
Once the Parkview Valley project and neighbouring developments are complete, the Benvoulin Court cul-de-sac is expected to have 1,100 homes.
鈥淭he location that they've selected is second to none,鈥� Stack added, pointing out the nearby Orchard Park Mall, groceries, shopping, and transit.
鈥淧eople can very easily live in this building, work in this community, and also recreate in this area.鈥�
麻豆AV MP Stephen Fuhr also attended the event, though he noted the federal government wasn't directly involved in the project.
鈥淏ut obviously we care about housing and we know it鈥檚 a problem in 麻豆AV,鈥� he said. 鈥淭his is an awesome project. Location, parking, unit sizes that are hard to find鈥攍ike three-bedrooms鈥攅nergy and efficiency,鈥� he said.
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