OAKVILLE, ONT. — Fengate Asset Management recently celebrated the official groundbreaking of a new seniors’ community at 1105 McCraney St. E. in Oakville.
McCraney is a LIUNA Pension Fund of Central and Eastern Canada project that was developed in partnership with Fengate, Seasons Retirement Communities and The Hi-Rise Group.
It’s the first GTA-based development in the Seasons portfolio, which currently includes 15 retirement residences in Ontario, eight residences in Alberta and two in British Columbia, explains a release.
The six-storey, 221-unit residence will offer Independent Supportive Living and Memory Care suites and represents the “aging-in-place” model.
It is approximately 200,000-square-feet and will include large suite sizes with a mix of studio, one-bedroom and two-bedroom units along with ground-floor amenities and communal spaces.
The project is targeting LEED Silver certification and incorporates geothermal energy and future-proof building systems, the release adds.
The development is expected to welcome its first residents in 2028.
