In the heart of Markham's Thorncrest Village, an exciting urban transformation is unfolding. This western neighbourhood of Downtown Markham has become a hotbed for high-density development, set to add a staggering 15,308 new residential units to the local housing market.
Recently completed projects, like York Condos, have already made a notable impact. Designed by BDP Quadrangle for Remington Group, York Condos introduced a unique mixed-use space, with three structures towering at 15, 12, and 7 storeys respectively. This development brought an infusion of 523 modern residential units to Thorncrest Village.
Adding to the escalating verticality, the Riverview Condos are currently under construction. A part of the Uptown Markham development, this project, with its three signature towers designed by Kirkor Architects Planners for the Times Group Corporation, embodies condominium living at its finest. It's set to add 1,042 new luxury units, further bolstering the area's density.
However, the most ambitious venture is the pre-construction project, Panda Markham. Designed by the renowned Hariri Pontarini Architects, Panda Markham is an awe-inspiring five-tower condominium project with its tallest edifice reaching up to 48 storeys. This development will contribute a colossal 2,206 new units to the housing market.
Urban Toronto states that Panda Markham, a Lifetime Developments initiative, is envisioned as a master-planned community in Downtown Markham. Occupying a 5.8 acre site, the development is planned to incorporate luxury condominiums and a healthy dose of retail/commercial space. The community will be composed of:
- 5 towers
- 2,206 mixed condo units
- Tower heights ranging from 28 to 48 storeys
- 982 one-bedroom
- 1,118 two-bedroom
- 106 three-bedroom layouts
- 9,280 square feet of retail at ground level in two of the five towers
In addition, indoor and outdoor amenity spaces, totalling approximately 95,000 sqft, will provide residents with:
- Leisure and recreational options
- Parking garage accommodating 1,851 spaces
Located at 8200-8250 Warden Avenue, Panda Markham is ideally positioned to leverage Markham's excellent transportation infrastructure. With the VIVA rapid transit bus lanes at their doorstep, downtown Markham and local businesses are easily accessible to residents. Highways 407, 7, and 404, along with Unionville GO Station, ensure efficient connectivity to the Greater Toronto Area.
Thorncrest Village is not just growing upwards; its growth is mirrored in the sheer volume of new homes being established. With projects like Panda Markham and Riverview Condos bringing in over 3,000 units, the significant increase in population density is imminent.
In summary, Thorncrest Village's urban resurgence promises a dynamic and profitable landscape for the commercial construction industry. This wave of high-density developments reshapes the neighbourhood into an urban epicenter, teeming with investment, growth, and collaborative prospects. Pioneering projects like Panda Markham stand as robust pillars of this transformation, playing a critical role in sculpting Markham's future.
As these projects take shape, they not only redefine the skyline but also drive the community's evolution, invigorating the city's economic and social fabric. It is a time of opportunity for businesses and individuals alike to seize the potential that the blossoming Thorncrest Village in Markham presents.
DataBid is currently reporting on this project - Panda Markham Condominium & Retail - Markham (0018013119)