TORONTO, UP, November 9, 2022 /CNW/ – In just over a month, more than 500 units have been sold at 8 Elm on Yonge, a project by Reserve Properties and Capital Developments. Exceptional demand for the 69-story mixed-use tower in Yonge and Dundas, which opened in late September, has resulted in the sale of over 500 of the 630 suites on the market. The new development was launched in cooperation with Hollywood Actor, Simu Liuwho brought his creativity to the design process, including the suite’s interior design and amenities programming.
“The response to 8 Elm is a testament to the continuing demand for housing in prime, suburban neighborhoods,” he says Shane FentonChief Operating Officer, Reserve Properties. “In addition to the best location in town, we have received exceptionally positive feedback on the quality and efficiency of our suite designs. We are thrilled that our efforts have met with so much enthusiasm.”
“We are delighted to have reached this milestone so quickly,” he says Jordan DermerCo-CEO and co-founder of Capital Developments. “Towers like 8 Elm don’t come around often, so buyers have been able to sidestep short-term economic uncertainties and sidestep the long-term attractiveness of owning this location.”
Located on Yonge and Elm Streets, just a few steps from the hustle and bustle Yonge Dundas Square, 8 Elm will blur the boundaries between living and hospitality. A 26,000 square foot interior and exterior program offers an all-around…
