The projects completed by Medallion Developments Inc. are much more than just works-for-hire. The company serves as developer, manager and contractor on the majority of its projects, giving it a different perspective from many other builders.
“As one of the premier purpose-built rental housing developers in Ontario, we believe in taking a long-term approach to all of our projects, which has worked quite well for us,” Senior Development Manager Howard Paskowitz explains. “We make a commitment to the areas we develop in. We don’t see these as short-term investments – we are building long-term assets we will manage indefinitely.”
Extensive Public Space
Medallion’s vertical integration, as well as its ability to secure financing for its rental communities, made it an ideal partner to develop, manage and build the largest urban, mixed-use development in Ajax, Ontario, located within the region of Durham.
The company in 2013 broke ground on The Vision at Pat Bayly Square, a six-building development that will include a public square along with residential, office and retail space. The project’s six buildings will range from nine to 25 storeys, totaling 143,700 square metres. The buildings will collectively house approximately 1,743 residential units when completed. The entire project is slated for completion in 2025.
The centerpiece of the project will be Pat Bayly Square, a public space measuring approximately 7,437 square metres. The square will feature a skating rink in the winter and a reflecting pool in the summer with an array of water fountains. The square will also feature cultural artwork, multifunctional spaces for public gatherings, a multipurpose stage, seating areas, landscaping and a civic building.
For the city and region, the development – named for the first mayor of Ajax – represents a significant investment. “Ajax took it upon themselves to really grow their downtown and create something that I think a lot of municipalities are trying to find, which is an urban setting where people live, work and play,” Paskowitz says.
Medallion is closely coordinating its design and construction efforts with the city and regional governments.
“This is a challenging site because it’s so important to the town,” he adds. “By working with a great planning staff and a great council and staff who knows what they want, we’ve been able to balance having a viable project with a vibrant one for the community. This project is the result of synergistic efforts between Medallion and the town of Ajax and the region of Durham.”
Residents in Mind
Vision at Pat Bayly Square will be built in three phases. The first stage includes four levels of underground parking and a 25-storey tower A that will include 272 apartment units with retail on the first floor.
The foundation and first five floors of Tower A are now in place. The tower is projected for completion in May 2017. Work will begin on the project’s second 25-storey tower in June.
Tower A has a concrete and structural steel foundation, with an exterior of curtain glass on its first two floors, which are designated for retail and office use. The third through top floors will feature a combination brick and window wall exterior, Project Manager Aaron Bleeman notes.
The building’s amenities will include a theatre room, a party/games room with amusements such as a pool table, a wet bar area for entertaining larger groups and a fitness facility. A rooftop amenity space on a mezzanine level will include hard and soft landscaping, barbecues and a seating area.
All of the development’s buildings will feature cutting-edge, environmentally friendly systems. Medallion employs an energy modeling consultant who helps it find the most energy efficient ways to operate its buildings. Green building methods being used in the Medallion at Pat Bayly Square project include efficient HVAC and lighting, as well as stormwater retention and treatment systems, Paskowitz notes.
The complex’s overall design is in line with one of Medallion’s main development philosophies.
“We think about the residents and their lifestyle and how our projects will be used in the daily lives of its residents,” Bleeman says. “We carefully consider everything in the design process, and that reflects in the ultimate completion of the project.”