The Academy Had Its Groundbreaking Ceremony
—— Lemine’s Award-Winning Condo Development Project
Toronto, Ontario --- The Academy Condos, the luxury student housing development which has won multiple awards, had its groundbreaking ceremony on December 19, 2016. The Academy Condos will be co- developed, constructed and managed by the leading players in Canada’s luxury student housing industry. This includes the Lemine Investment Group which won the 2015 Building Industry and Land Development Association People’s Choice Award for The Academy development, and Rise Real Estate Inc., a leading developer of luxury, purpose-built student housing across Canada. Representatives from the Academy Condos development team, including the Lemine Investment Group’s CEO Thomas Liu and Rise Real Estate’s VP and Partner, former mayor of the City of St. Catharines, Brian McMullan, attended the groundbreaking ceremony.
The 20+ story Academy Condos project is located only a 3 minute walk to the University of Toronto Scarborough Campus, and a 1 minute walk to the Centennial College campus. It was brought to the market by Lemine Investment Group with the purpose of providing student and faculty housing and a mission of “by students, for students” behind all its decisions in locating, designing, building, managing and servicing The Academy Condos. The student and faculty housing development was inspired by Lemines' founders who experienced the housing crises first-hand as former students at the University of Toronto Scarborough Campus (UTSC). There are more than 16,000 full-time students attending University of Toronto Scarborough Campus and Centennial College, but currently there are only 769 beds available on campus. The Academy Condos provides a real solution to the housing shortage in the area surrounding UTSC The 339-units Academy Condos Project was sold out one day after its public release, creating a record in the condo selling history of the GTA, if not the whole country.
Guided by the same “by students, for students” mission, after rigorous consultation and planning, The Lemine Investment Group has partnered with Rise Real Estate, whose role will be to guide The Academy Condos through the construction and management process. The alliance of the Lemine Investment Group and Rise Real Estate will deliver the highest quality condominiums for its student and faculty member residents, and create more investment value to the Academy Condos project, which had been called the best investment opportunity by real estate industry experts and media outlets. The Academy Condos is scheduled to finish construction in 2019 and be ready for move-in before September 2019, so that the residents of Academy Condos can focus on their study and work in the new school year.
Rise Real Estate Inc. was founded in 2005 with a mission of introducing a new brand of student living. Their first student development was the first of its kind in Canada, and helped to pave the way for the growing luxury student housing industry. Now, with over 8,000 beds at various stages of development, each of Rise’s projects has maintained a high standard of excellence and sophisticated design. Having just completed their fourth high-density student development in Ontario, Rise Real Estate’s thriving brand has been referred to as the “Four Seasons of student housing”.
Lemine Investment Group is a fast-growing international investment management company, headquartered in Toronto. Its business operation spans from real estate development, capital investment to international trade. It has won multiple awards for its record-breaking achievements. In 2014, Lemine’s Academy Condos development was named “Most popular high rise of 2014” by Toronto Star, and LeMine Investment Group became a Top 10 in the RealNet Canada’s list of GTA - Top High Rise Builders. In 2015, Lemine won the biggest industry award People’s Choice Award on the 35th annual Building Industry and Land Development Association Awards, garnering the majority of the 85,000 votes. Lemine’s CEO Thomas Liu also received the Person of the Year of the Canadian Chinese Business Excellence Awards for Lemine’s contribution to the Canadian economy in international trade and real estate development, earning high praise from the Canadian government. The Township of Ajax brought in the Lemine Investment Group in the summer of 2015 to create an entirely new downtown for Ajax, which includes an 18-acre, 17-building and 6-phase township re-development. In 2016, the Lemine Investment Group launched its sales of Phase I of the Central Park Ajax project and successfully sold out most of its 410 condo units.