Ontario Construction News staff writer
Almega Corporation and Brixen Developments Inc. have announced a new joint venture to construct condominiums at Downsview Park in Toronto. Located at 824 Sheppard Avenue West, the development will be built near the Sheppard West subway station.
“We’re thrilled to offer homebuyers the opportunity to live a highly connected lifestyle, on the doorstep of Downsview Park, a precedent-setting new urban development,” said Basem Hanna, CEO of Almega.
Brixen Developments won the BILD Home Builder of the Year, High-Rise award in 2024.
“We wholeheartedly embrace the opportunity to work in partnership with Almega on what will undoubtedly become a highly sought-after new community,” said Brixen’s co-founder, Alexander D’Orazio. “This next-level project will benefit from the great synergy of our two companies working together.”
The new midrise condominium will offer easy access to the 291-acre Downsview Park, often referred to as Toronto’s Central Park. The park features forests, trails, sports fields, a go-kart track, and the Downsview Park Merchants Market. It also includes facilities like The Hangar Sports and Event Centre and the HoopDome, catering to a wide range of interests and age groups.
The transformation of 520 acres of the Downsview Lands, adjacent to the current park, is set to create a nature-centred urban oasis for 85,000 residents. This development will highlight modern urban planning with new streets, transit routes, bike paths, and walking trails, all seamlessly connecting to parks, transit stations, and surrounding neighbourhoods.
“Residents of this condominium community will experience an enriched lifestyle in a high-quality building, thanks to our team’s impressive combination of experience,” said Hanna.
Founded in 2011, Almega Corp is a vertically integrated Canadian real estate development company with more than $1 billion in active and completed projects and more than 1,000 units under development.