TORONTO, ONTARIO — DECEMBER 9, 2025 — AvranceCorp Developments announced a strategic partnership with Eringate Homes to co-develop two premier residential communities: Georgian Bay Terrace, a luxury waterfront-inspired development near Georgian Bay, and Springbank Lux, a nine-storey luxury residential project in London, Ontario.
This collaboration brings together two respected builders known for quality craftsmanship, design innovation, and community-focused development. AvranceCorp Developments and Eringate Homes share a common vision: to create communities where architectural excellence meets exceptional livability.
“Our collaboration with Eringate Homes marks an exciting chapter in AvranceCorp’s growth,” said Ravi Thakur, Vice Chairman and Acting CEO of AvranceCorp Developments. “These projects reflect our mutual dedication to delivering homes that enrich everyday life and stand the test of time. Together, we’re shaping communities that blend modern amenities with natural and cultural surroundings.”
Eringate Homes, a privately held Toronto-based property development and construction firm founded in 2016, brings more than 40 years of combined industry experience to the market. The company’s expertise spans residential and commercial construction, industrial, and infrastructure projects. As the general contractor for AvranceCorp, Eringate Homes will oversee key phases of construction for both developments.
- Georgian Bay Terrace: A five-story boutique residence with 150 luxury suites located at 1 Legion Road in Meaford, Ontario.
- Springbank Lux Condos: A nine-storey luxury residential project featuring 175 condo suites, 11 luxury townhomes, and four ground-floor commercial units. Currently in pre-construction, it is situated within walking distance of the scenic Thames River and just eight minutes from downtown London, Ontario.
Forward-Looking Statements
This release may contain forward-looking statements relating to the future performance of the Georgian Bay Terrace project. Such statements involve risks and uncertainties, and actual results may differ materially due to various factors including regulatory changes, construction timelines, and market shifts.
About AvranceCorp Developments
AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.
Media Contact
Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
📧 kenai@avrancecorp.com
📞 647-368-8888