$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
Deaths of 4 people on Sask. farm confirmed as murder-suicide
The deaths of four people on a farm near the Saskatchewan village of Neudorf have been confirmed a murder-suicide.
Multiple bridges in Calgary shut down for police incident
Calgary police have shut down a number of bridges into and out of the downtown core as officers deal with a distraught individual.
Sunshine list: These were the Ontario public sector's highest earners in 2023
Ontario released its annual sunshine list Thursday afternoon, noting that the largest year-over-year increases were in hospitals, municipalities, and post-secondary sectors.
Why some Christians are angry about Trump's 'God Bless the USA' Bible
Former U.S. President Donald Trump is officially selling a copy of the Bible themed to Lee Greenwood’s famous song, 'God Bless the USA.' But the concept of a Bible covered in the American flag has raised concern among religious circles.
George Washington family secrets revealed by DNA from unmarked 19th century graves
Genetic analysis has shed light on a long-standing mystery surrounding the fates of U.S. President George Washington's younger brother Samuel and his kin.
Baby boom amongst nurses leads to maternity ward closure in Listowel, Ont.
The emergency room at Listowel’s hospital is open today, but come summer, their obstetrics unit will be temporarily closing its delivery rooms.
Humboldt Broncos bus crash survivor qualifies Canada for Paralympics in rowing event
Former Humboldt Broncos goaltender and bus crash survivor Jacob Wassermann has qualified Canada for a rowing event for the 2024 Paralympic games in Paris.
Krispy Kreme doughnuts coming to McDonald's in U.S., but not Canada
Canadians will be missing out on a sweet new partnership between McDonald's and Krispy Kreme, which will see doughnuts available at McDonald's locations across the U.S. by the end of 2026.
'We won't forget': How some Muslims view Poilievre's stance on Israel-Hamas war
A spokesman for a regional Muslim advocacy group says Conservative Leader Pierre Poilievre's stance on the Israel-Hamas war could complicate his party's relationship with Muslim Canadians.