The Academy Condos by the University Coming to Scarborough
By Newinhomes on Apr 02, 2014
Do you remember our Developers of Tomorrow features? Do the names Jessica Wang and Thomas Liu of Lemine Group ring a bell? How about Pouyan Safapour and Safa Safapour of Devron Developments?
Well, the highly anticipated joint development, The Academy Condos by the University, is now collecting registrations! This is Devron’s second condo project, following the successful Flo Condos at Yonge and Sheppard in Toronto, and it is Lemine’s very first!
The Academy will be located at Morningside and Ellesmere, directly beside the University of Toronto Scarborough Campus (UTSC). Standing 26 storeys and featuring 339 suites, The Academy will surely make up for the lack of housing in the area.
Enrolment at UTSC is nearly 12,000 students, and over the course of the next two decades, enrolment is expected to reach 17,000. Even though the number of students is well over 10,000, UTSC only has 765 beds available, and they are only for first year students!
Jessica and Thomas experienced this shortage of housing firsthand when they attended UTSC and lived on campus. Earlier this year, when Newinhomes.com met up with them, they told us that they lived in an expensive basement, and that the only other available housing was even more expensive rooms in detached homes and townhomes.
With UTSC’s prestigious business and co-op programs, as well as the offering of great computer and mathematical science resources, the campus has become widely sought after by international students. So, whether you’re buying a condo for your own child or for another’s, you can be sure that The Academy is a safe investment.
Pan Am Sports Centre
Recently, the neighbourhood has received a lot of attention from the media because of its new $248 million Toronto Pan Am Sports Centre, which is Canada’s largest investment in amateur sports. The facility will be used during the Pan Am/ Parapan American Games in the summer of 2015.
The area is growing - it’s evolving - and Devron and Lemine are at the heart of it. You can be too!
Learn more about The Academy
The Academy Condos by the University is offering suites from just $188,800! If you want to be amongst the first to view the floorplans and receive an invitation to a VIP preview event, register today.
