In the rapidly expanding Toronto real estate market, trends determine the future of all upcoming developments. With the recent trends showing that business owners are heavily pressing to own their office space instead of risking the changing rates and uncertainty of renting, the market for commercial real estate is facing invigorated growth. Many new projects are in development to support this new demand, though few are as unique as Regal Plaza, a $130 million mixed-use development by SAMM Holdings.
SAMM Holdings’ Regal Plaza mixed-use development will feature office condos.
Location is one of the most important factors in any real estate investment, but more people purchasing office condos proves just how essential it is to choose your location wisely. Adjacent to the Toronto Airport East Holiday Inn at Dixon and Martin Grove by Pearson Airport, SAMM Holdings’ Regal Plaza will include a 204-key Staybridge Suites hotel offering a 24-hour shuttle to the airport for added convenience.
Regal Plaza will also feature 150 condo office suites that are approximately 800 square feet each; however, buyers will have the opportunity to purchase five units to take up an entire floor. With easy 401 access it is remarkably convenient for corporate travellers and condo office owners and their employees to access both the airport and downtown.
This inspired new development will also include a ground-level shopping arcade and an upscale restaurant in addition to commercial office spaces, filling the demand for non-rental office suites while simultaneously providing much-needed amenities for corporate owners and employees. Ali Akman, President of SAMM Holdings, is certain that this project is the most stable future for GTA real estate. “We have already done similar projects in Europe,” Akman said. “I like a mixed-use project because there is a lot of action within the building. It also mitigates the risk for the developer and owner because of the different sectors.”
Photo by Alesia Kazantceva on Unsplash
With these different sectors as part of a project like Regal Plaza, in combination with the location, these office condos present a unique opportunity for Toronto real estate. Over the years commercial real estate has seen tremendous growth, and Regal Plaza will provide a much-needed addition to the Airport Strip for all those looking to purchase office suites, and put corporate staff in the best possible location close to the downtown core and Mississauga, ideal for locals looking for a short commute as well as those who need to conduct international business.