San Francisco by the Bay, just south of Highway 401 on the site where the Bay Ridges Plaza now stands, will become the region’s largest new condo development and its first mixed-use, master-planned community.
The project will consist of 350 condominiums in 16- and 18-storey towers, as well as 121 townhouses.
The towers will share a two-storey podium with 25,500 square feet of retail and commercial space, including live-work units and have 12,000 square feet in amenities such as fitness facilities.
Part of the attraction probably is value for the money. Ralph Del Duca, vice-president, marketing for builder Chestnut Hill Homes, says the condo suites are priced substantially less than comparable units in Toronto, where cost is close to $400 a square foot, not including a parking spot. San Francisco by the Bay units run about $300 per square foot and include parking. Townhouses start from the mid-$200,000s and condo suites from the $140,000s.