Contributed by Carol King
The opportunities for becoming part of the revitalized Regent Park community in downtown Toronto keep expanding. In June, CHARTWELL Retirement Residences (TSX: CSH.UN), Welltower Inc. (NYSE:HCN) and The Daniels Corporation unveiled plans and broke ground for ‘The Sumach by Chartwell.’ This new 12-storey urban rental residence for active retired adults is steps to a remarkable array of amenities including dining establishments, arts and entertainment venues, fitness facilities, shopping and the newly opened Regent Park Athletic Grounds.
Within The Sumach by Chartwell, residents will have access to underground parking, 100 bike racks, a pet spa, close to 5,000 square feet of retail space, an outdoor terrace and barbecue area, plus a restaurant and café. They will also be able to order à-la-carte amenities and services. All suites will feature generous living spaces with full kitchens. Interest is strong from retirees looking for social engagement with like-minded individuals in an exciting, evolving, inter-generational neighbourhood. The Sumach by Chartwell development partners are investing over $100 million in this state-of-the-art development, Chartwells first large-scale independent living project in the GTA. Occupancy is slated for September 2018. For more information, visit www.chartwell.com.
