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Great Gulf and Partners Break Ground on 8 Cumberland

For Immediate Release

Great Gulf and Partners Break Ground on 8 Cumberland

Toronto, November 2018 – Award-winning developers Great Gulf and Phantom Developments Ltd., along with The Kadima Group and MM Realty Ventures Inc. celebrated the groundbreaking of 8 Cumberland, a modern 51-storey high-rise condominium with a century-old brick Victorian podium. Located at the north-west corner of Cumberland Avenue and Yonge Street, it will pay homage to Yorkville’s timeless heritage and the neighbourhood’s revitalization.

Conveniently situated near two subway intersections, Canada’s most exclusive shopping district and one of the best cultural and art destinations in the world, 8 Cumberland is a sculpture with ribbons of gleaming steel and luminous glass creating a stunning façade. The masterplan includes parks and open spaces with pedestrian mews that will connect Yorkville Avenue to Cumberland Street and eventually to Bloor Street.

8 Cumberland will create a new gateway to the Yorkville District. Our commitment to the neighbourhood’s revitalization includes a 36-storey condo tower at 18 Yorkville, the iconic 76-storey condo tower at One Bloor east and this 51-storey condo development all within a block radius. I would like to thank our partners Phantom Developments, The Kadima Group and MM Realty Ventures Inc. for sharing our vision in developing this project,” said Great Gulf President Residential Niall Collins.

Designed by Architects Alliance with interior designs by Thomas Pearce and landscape architecture by NAK Design, this sleek and stylish building will feature retail on the ground and second floor within the heritage building dating back to the late nineteenth century. With 371 units ranging from 468 – 1845 sf, the spacious open-concept suites offer panoramic city views and state of the art amenities.

“Phantom Developments is thrilled to be breaking ground on 8 Cumberland. When we acquired the site in 2014, we knew we had the opportunity to develop a true landmark in our vibrant city,” says Henry Strasser, Principal of Phantom Developments. “The Strasser family would like to thank all of its team, consultants, and partners, specifically Great Gulf, for spearheading the development to make this vision a reality.”

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About Great Gulf

Established in 1975, the Great Gulf Group of companies including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 70,000 families with places to call home; Ashton Woods Homes, the 3rd largest private builder and 18th largest in the U.S.; First Gulf, an award-winning leader in the development of industrial, office, mixed-use and retail properties with developed assets of over $4 billion completed; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada’s top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully-integrated activities span the entire real estate spectrum.

www.greatgulf.com

About Phantom Developments Ltd.

Phantom has played a key role in numerous prestigious projects in the Greater Toronto Area, helping to shape the city’s vital communities with an exceptional portfolio of building projects. These include the iconic L-Tower Condominium adjoining the Sony Centre at Front and Yonge Streets, and 1001 Bay Street, one of the most successful selling condominiums of the 1990s. In addition to residential, the Phantom team’s extensive portfolio also includes over 2 million square feet of prime industrial and commercial leasing space.

Phantom introduced its Jade Condominiums brand in 2010 with a magnificent boutique residence in the upscale Bayview and Sheppard neighbourhood. Following the success of the first Jade condominium project, the company launched its spectacular sequel, Jade Waterfront, in 2011, bringing a new cool edge to waterfront living. On the heels of this success, Phantom is now poised to carry the momentum forward with Tea Garden Condominiums, offering sophisticated boutique living and a welcome addition to the highly coveted Bayview Village neighbourhood.

About Kadima Group

Kadima Group was founded in 1980. With a number of outstanding and complex projects to its credit, Kadima has developed and built across Canada and Europe, ranging from high-rise residential to complex commercial-industrial projects for clients such as Microsoft, European Bank of Reconstruction and Development, ING Bank, Digital Equipment, Credit Lyonnais Bank and Toronto Parking Authority. Most recently, Kadima completed QLOFT, a midrise, boutique 70 unit building in Toronto’s vibrant and highly coveted Queen West district. Kadima is currently in the completion stage of one of its beautifully master-planned, low-rise communities in Whitby, with plans to launch its next community this coming spring in Brampton. A reputation for exceptional taste in design and an overriding commitment to quality are corporate attributes that are manifested in any and all of Kadima’s projects.

About MM Realty Ventures Inc.

Founded in 2011, MM Realty Ventures is a private equity fund with numerous equity investments in the Toronto Real Estate Market.

For more information visit 8cumberland.ca or contact:

Madeline Zito

Vice President Public Relations Great Gulf
416 744 2222
C 647 938 1851

madelinez@greatgulf.com

Groundbreaking photo from l – r:

Ronnie Strasser, Sam Strasser, Alex Strasser, Stanton Strasser, Jay Strasser, Alan Vihant, Niall Collins, Michael McGrath, Hunter Milborne, Boris Shteiman, Josh Shteiman