$100 million development breaks ground in Gravenhurst
Guelph-based developer SkyDev is breaking ground Wednesday for a largescale apartment development in Gravenhurst.
The 'Talisman Gate' project will include a hotel and 236 unit apartment complex and retail amenities.
A four-building apartment complex will be constructed first, with occupancy expected next year.
TownePlace Suites by Marriott will operate the hotel.
SkyDev President Greg Jones tells CTV News there is a rental crisis in the province, and the demand for affordable rentals is on the rise in Muskoka Lakes. Jones said there is a need and demand for this type of large-scale community, and this build will increase the rental housing supply by 38 percent in Muskoka.
The apartment development will include community gardens, a multi-purpose court, a gym, a yoga studio, a games room and an outdoor terrace with a screened-in eating area.
The cost of the units will be within market value.
The first of the two buildings are under construction now at 110-120 Preston Way in Gravenhurst.
CTVNews.ca Top Stories
Canada, G7 urge 'all parties' to de-escalate in growing Mideast conflict
Canada called for "all parties" to de-escalate rising tensions in the Mideast following an apparent Israeli drone attack against Iran overnight.
'It could be catastrophic': Woman says natural supplement contained hidden painkiller drug
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.
After hearing thousands of last words, this hospital chaplain has advice for the living
Hospital chaplain J.S. Park opens up about death, grief and hearing thousands of last words, and shares his advice for the living.
'It was all my savings': Ontario woman loses $15K to fake Walmart job scam
A woman who recently moved to Canada from India was searching for a job when she got caught in an online job scam and lost $15,000.
Families to receive Canada Child Benefit payment on Friday
More money will land in the pockets of some Canadian families on Friday for the latest Canada Child Benefit installment.
After COVID, WHO defines disease spread 'through air'
The World Health Organization and around 500 experts have agreed for the first time on what it means for a disease to spread through the air, in a bid to avoid the confusion early in the COVID-19 pandemic that some scientists have said cost lives.
Taylor Swift drops 15 new songs on double album, 'The Tortured Poets Department: The Anthology'
On Friday, the pop star released her 11th album and at 2 a.m. Eastern, she released "The Tortured Poets Department: The Anthology," featuring 15 additional songs.
American millionaire Jonathan Lehrer denied bail after being charged with killing Canadian couple
American millionaire Jonathan Lehrer, one of two men charged in the killings of a Canadian couple in Dominica, has been denied bail.
DEVELOPING G7 warns of new sanctions against Iran as world reacts to apparent Israeli drone attack
Group of Seven foreign ministers warned of new sanctions against Iran on Friday for its drone and missile attack on Israel, and urged both sides to avoid an escalation of the conflict.