The Livmore Opens its Doors to its First Residents
October 25, 2018
In the final days of August, The Livmore welcomed its very first residents to the building. Floors 2 through 10 are now being occupied, and the remainder of the floors are targeted to be filled over the next few months. Situated at the corner of Bay & Gerrard in downtown Toronto, The Livmore brings 595 new rental units to the downtown core.
Although reminiscent of many condominiums in the downtown core, The Livmore features only rental units. As a result, residents do not have to worry about paying additional expenses like property taxes, repairs, and maintenance fees, all of which would be expected in a condominium. Another common concern of renting a condo is the lack of security of tenure – in rental buildings, residents do not have to worry about the owner selling their unit.
“The Livmore is instantly one of the finest rental properties in Canada, and we look forward to welcoming residents and to being a part of this vibrant community in the heart of downtown Toronto” says Todd Spencer, VP Operations, Vertica Resident Services
Members of the media, including Urban Toronto and News4U, were recently invited to the building where they viewed a model suite and toured the state-of-the-art amenities which include fitness facilities, outdoor terraces, a cinema room, a dog run and dog spa.
Staff also had the chance to visit the new property and see the culmination of many years of hard work. The Livmore was supported by many different teams, internally and externally.
“The Livmore is a perfect example of executing on an idea by leveraging a world class consulting team that understands the culture and vision of GWL Realty Advisors” remarks John Bannock, Development Lead
The project was a collaboration between our team, PCL Construction (Project Manager), Page & Steele / IBI Architects (Architects), Stephenson’s Structural Engineering Consulting (Structural), MCW Mechanical Engineers (Mechanical), Mulvey & Banani II Electrical Engineering (Electrical), and Cecconi Simone (Interior Design).
Developed by GWL Realty Advisors, The Livmore is managed by Vertica Resident Services, a wholly owned subsidiary of GWLRA recognized for consistently elevating rental standards to new heights of service, quality and innovation.
GWL Realty Advisors Inc. is a leading North American real estate investment advisor providing comprehensive asset management, property management, development and specialized real estate advisory services to pension funds and institutional clients. GWL Realty Advisors Inc. manages a diverse portfolio of office, industrial, retail and multi-residential assets as well as an active pipeline of new development projects. In the United States, the Company provides real estate advisory services through its wholly owned subsidiary, EverWest Real Estate Investors, headquartered in Denver, Colorado.