Palace Pier, one of Toronto’s iconic towers overlooking Lake Ontario at the mouth of the Humber River, was recently named 2020 Canadian Condominium Institute Toronto & Area Chapter (CCI-Toronto) Condominium of the Year.
According to CCI-Toronto, the multi-res tower at 2045 Lakeshore Blvd West stood out from its contemporaries with a remarkably early call to action when the COVID-19 pandemic hit. In February 2020 (when most Canadians were still learning about the disease spread by the virus infection for the first time), the board of directors released a special pandemic-focused newsletter that gave residents important information about the coronavirus and what to do about it. Topics included, ‘What to do if you get sick or return from an infected area’, ‘Reporting obligations’, and ‘How to make hand-sanitizer.’
Excelling at community building, communications, good governance, facility maintenance and financial management, their communications vehicle, The Palace Pier, provides owners with a broad range of relevant information. It serves as a model for other condominium communities to emulate.
“As North America’s fastest growing city, recognizing Toronto’s condo corporations that deliver a quality lifestyle to their owners and residents is as important as ever,” said CCI-Toronto Chapter president Tania Haluk. “Palace Pier demonstrates how a handful of passionate volunteers, combined with strong management, can really make the difference to the lives of everyone in their community.”
“As condo director myself, I can’t help but be impressed at what Palace Pier has accomplished,” said Farzad Lahouti, chair of CCI-Toronto’s Marketing Committee responsible for the award. “When we saw the swift, timely and detailed newsletter on COVID-19 the selection committee was blown away. The board at Palace Pier should really be proud of themselves.”
As winners, Palace Pier will receive a special recognition plaque for its lobby, an outdoor sign and funding for a COVID-compliant residents’ celebration for this remarkable achievement.
Completed in 1978, Palace Pier is 46 stories tall with 433 units. Notable amenities include guest suites, indoor pool, gym, private shuttle bus to downtown, private restaurant, tennis court and a rooftop patio.
CCI-Toronto’s Condo of the Year Award was first presented in 2009 and considers strengths and accomplishments in the following areas: community promotion, governance, owner commitment, communication, board education, physical property management, financial management, and unique and outstanding accomplishments. For more information, including award criteria and eligibility requirements, please visit https://ccitoronto.org/about-cci-t/awards/condo-of-the-year.
