By Chris Jones/The Oshawa Express
Atria Development has broken ground on a new luxury rental building which will define the Oshawa skyline.
Mayor Dan Carter and city councillors joined Hans Jain, the president of Atria, at the site of the future project for a groundbreaking ceremony.
The building, which will be located at 80 Bond Street East, will be 20-storeys, have 370 units and commercial space on the ground floor.
Atria Development is a 45-year-old family-run business started by Jain’s parents, and is now overseen by their children.
The development company first came to Oshawa in 2003 when it converted a former office building at 44 Bond Street West into 120 condos.
The company also built the 239-unit building at 100 Bond East in 2015.
The new building will cost approximately $125 million, and occupancy will begin in 2021 with rental rates beginning at $1,350.
Units will be 475 to 1,700 sq. ft and there will be indoor and outdoor parking, bicycle and storage locker rooms, as well as a dog-wash station.
Jain said the building will be the “star” of the city.
“Hans is absolutely correct,” said Carter. “This family has been investing in our community for many, many years now, and they’ve been able tomany, many years now, and they’ve been able to bring a vision to our city that I think a lot of us struggled with at the very beginning.”
However, Carter notes Jain and his family have become community leaders since then, and he encourages them to continue working toward their vision for the City of Oshawa.
“This investment and this development is going to play a significant role in our city,” said Carter.
“It will be almost 375 units, it will be the first of its type in our community… It is bringing commerce, people and visitors from all across Ontario to live and move to our great city of Oshawa.”
Ward 2 regional councillor Tito-Dante Marimpietri, chair of the city’s development services committee, also spoke to the crowd gathered for the groundbreaking.
“I’m here today with my daughter, and I see that there are some children here today as well… and they made friends, and I think that’s what this project is about,” says Marimpietri.