Starlight purchases new Hamilton luxury rental

Tuesday, April 18, 2017

Starlight Investments announced it has completed the forward purchase of a Hamilton luxury rental property located at 140 Main Street West. Called Regency Suites, the new purpose-built apartment building complements Starlight’s previous forward purchase of 115 units located at 150 Main Street West, a ten-storey concrete multi-residential building, which was completed in 2016 and sits adjacent to the property.

Regency Suites is a 29-storey building comprised of 321 units with a multi-level indoor parking garage and is the newest luxury multi-residential building situated in the downtown core.  All units include in-suite laundry, luxury finishes and state-of-the-art HVAC.  Upper floors include two-storey units with exceptional views of Hamilton Harbour and the Niagara Escarpment. Amenities include a well-equipped fitness facility with yoga studio, rooftop patio with pavilion and water feature, 4K cinema, games room and social room.  Regency Suites is in close proximity to Highway 403 and within walking distance to amenities that include restaurants, schools, universities, retail shops, the Art Gallery of Hamilton, parks and public transit.

“Starlight is pleased to continue to grow its high-rise presence in the Greater Toronto and Hamilton Area with the addition of this luxury multi-residential building situated in the heart of downtown Hamilton,” stated Daniel Drimmer, Starlight’s Chief Executive Officer. “The property represents Starlight’s second newly constructed multi-residential acquisition in the Greater Toronto and Hamilton Area in the last six months and exemplifies the success of Starlight’s Canadian multi-residential forward purchase contract program.”

The property will be managed on-site by DMS Property Management. Further details regarding Regency Suites are available at www.regencyonmain.com.

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