Republic Developments launched a year ago and it certainly isn’t easing its way into the business. The company’s first project is a 25.8-acre master-planned community called Scarborough Junction in the Toronto suburb for which it’s named.
“Pricing downtown and in other parts of the city was getting expensive to the point that it was pricing a huge amount of people out of the market, especially from 2017 to 2020. There was a massive bump in pricing and the average person could not afford even the smallest condos in the city.”
– Matt Young
Giannone Petricone Associates is the architect and DTAH is the landscape designer. Bousfields Inc. is in charge of planning, BA Group is overseeing transportation planning and Counterpoint Engineering is heading servicing and civil engineering activities.
Young expects to have all of Scarborough Junction’s approvals within 18 months. As soon as those are secured, the first phase of construction could start within two years. There’s some contamination to remediate and site servicing and road construction will need to be done before building development can begin.