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New rental building opens at Parkview Valley, bringing 156 homes to 鶹AV

'A great place for people to call home'

The first phase of the Parkview Valley development in 鶹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 鶹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 鶹AV.

“We'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,” he said.

Marshall thanked Centurion staff for their role in delivering what he called “a great place for people to call home,” noting that the company has brought 156 new rental suites online with this phase, ranging from studio to three-bedroom units.

“In 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,” he said. “鶹AV's had a critically low vacancy rate since we started this development, and I believe that's still the case.”

He added that the location was chosen for its accessibility to transit, jobs, shopping, and recreation.

Ironclad Developments’ Chief Financial Officer, Ahileas Tsekouras, said the project is the company’s largest to date.

“Parkview 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.”

Tsekouras highlighted energy-efficient design choices including solar power, EV charging infrastructure, and high-efficiency appliances.

“Every decision that we made was with the focus on the environment and the residents,” he said. “The amenities are second to none. The amenities within the suites are second to none.”

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.

鶹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.

“This would be an empty field if we didn’t have enough incentives to attract people into this area,” Stack said. 

He recalled the area’s agricultural past, when it was the Pettit Farm. 

“They had always, one day, hoped that it would be a community where people lived,” 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.

“The location that they've selected is second to none,” Stack added, pointing out the nearby Orchard Park Mall, groceries, shopping, and transit. 

“People can very easily live in this building, work in this community, and also recreate in this area.”

鶹AV MP Stephen Fuhr also attended the event, though he noted the federal government wasn't directly involved in the project.

“But obviously we care about housing and we know it’s a problem in 鶹AV,” he said. “This is an awesome project. Location, parking, unit sizes that are hard to find—like three-bedrooms—energy and efficiency,” he said.



About the Author: Gary Barnes

Journalist and broadcaster for three decades.
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