DBS Developments’ latest project, Bela Square, is closing in on completion with full occupancy at the purpose-built rental community anticipated for later this spring. The expansive property, located near Main and Danforth in East York, Toronto, includes a seven-storey mid-rise, a 35-storey high-rise, and a host of on-site amenities, with direct access to ample green space at Taylor Creek Park and the brand-new Bela Park.
“Bela Square is a purpose-built rental community designed to address the specific needs of today’s renters,” said Bryan Levy, CEO of DBS Developments. “Its diverse range of homes, from one-bedroom to spacious four-bedroom townhomes, ensures options for individuals, couples, and families. The modern interiors feature premium finishes, including stainless steel appliances, luxury vinyl flooring, and in-suite laundry, catering to a high standard of living.”
According to Levy, the development integrates thoughtfully curated amenities such as a fitness centre, a children’s playroom, a pet washing station, and an abundance of green space. It also incorporates innovative technology, including an app designed to make life easier for residents, enabling them to make online payments and service requests, book amenities and stay informed of community events.
“These features all align with modern lifestyles, particularly in neighbourhood spaces for children to play and socialize,” he said. “The emphasis on community-centric design fosters a sense of belonging and enhances the appeal of Bela Square as a rental community that meets practical needs.”
Filling the gaps
Bela Square stands out in the surrounding vicinity for a few reasons, as Levy pointed out. First and foremost, it offers larger suites and townhomes intended to appeal to families—which Levy calls an “often underserved demographic” in the rental market. Secondly, it is one of the few new purpose-built rental communities among much older buildings, addressing a significant gap in the neighbourhood’s housing needs.
DBS acquired the land in the1970s, marking the developer’s entry into East York with the construction of 90 Eastdale Avenue—a high-rise building that remains part of what DBS calls its “Legacy Communities”.
The two new buildings in the Bela Square development kicked off construction in March 2021—the first, a seven-storey mid-rise at 94 Eastdale featuring 80 residential suites has already opened to tenants. Meanwhile, the adjacent high-rise at 100 Eastdale achieved a major milestone in October 2024, with the “topping off” and crane removal. The 35-storey building, offering a mix of rental suite sizes, is on track to welcome its first residents in just a few months.
“The construction of Bela Square has been a meticulously planned, milestone-driven project reflecting DBS Developments’ long-standing expertise in creating purpose-built rental communities,” said Levy. “What further sets Bela Square apart is its long-term ownership and management by DBS Developments after construction is complete, ensuring a consistent and exceptional standard of service.”
The DBS pipeline
Bela Square isn’t the only new rental community in DBS’s future. According to Levy, the company is focused on expanding its purpose-built rental portfolio to address the growing gap in Toronto’s housing market.
“Looking ahead, we will remain committed to developing more purpose-built rentals in areas that align with our vision, addressing the demand for quality rental housing in neighbourhoods where it is most needed,” he said. “Our strategic approach ensures that future projects will continue to provide modern, well-managed homes that cater to a variety of demographics, including families and professionals. We will have more to share on our upcoming pipeline in 2025.”
Additional facts about Bela Square:
- The leasing for 100 Eastdale’s 404 suites will commence in the new year, with occupancy anticipated by late spring/early summer of 2025
- The multi-tower community includes top-of-the-line facilities and amenities, including a fitness centre, yoga studio, boxing room, children’s playroom, pet spa, party room and a theatre, among other offerings
- Building residents will have access to both privately owned and publicly accessible spaces, including the community park, outdoor pool, splash pad, community garden, and dog run
- EV charging stations will be available for electric vehicle owners
For more information, visit: www.dbsdevelopments.com
