Dragon Condos Exceeds Expectations

Ideal Developments Inc. announced that their downtown Toronto condo project, Dragon Condos, has surpassed another major milestone. Having acquired the needed City of Toronto approvals to initiate construction, the team is set to enter their first phase of development with sales exceeding 80%. This landmark achievement has set the stage for immense success as they move towards their summer 2015 completion date.
Dragon Condos is a modern 10-story building boasting 95 residential suites. Complete with rooftop amenities and retail space on the ground level, Ideal Developments is looking to introduce a refined approach to metropolitan living in the alluring Spadina and Dundas neighborhood. "The success of our projects has come as a result of thorough preparation and hard work," says Ideal Developments CEO, Shaji Nada. "The Dragon Condos project was inspired by the character and lifestyle of Chinatown. The success of the project for the residents and business owners will bring to life an unparalleled experience of Toronto culture and living. This is what Ideal Developments is about: creating communities," Nada adds.
Having met all of the city's bylaws coupled with the 80% sale threshold, Ideal illustrates remarkable fortitude in a tumultuous condo market. A major factor in the project's strong sales is the unwavering support from the community, especially local business owners, who are welcoming this residential project with open arms. "The CBIA's main concern is to make Chinatown safer, cleaner and basically a great place to visit, dine and live. The Dragon Condos is warmly welcomed by the CBIA as the first residential condo redevelopment in 20 years and as a great contributor to our community goals," states the Chair of Chinatown's Business Improvement Area (CBIA), Tonny Louie.
With Dragon Condos on track to for completion in the summer of 2015, and 3 additional projects set to break ground in Toronto, Richmond Hill and Mississauga in the next year, Ideal Developments shows no signs of slowing down.

on October 15, 2013