Provided equity capital and ongoing asset management to acquire and develop a highly-marketable site located at the southwest corner of College & Spadina. The site is within walking distance to some of Toronto’s most vibrant neighborhoods (Kensigton Market, Chinatown, Little Italy) and University of Toronto and appeals to a diverse end-user population as well as the investors.
Site Plan Approval application has been submitted to permit the redevelopment of the lands for the purposes of a new mixed use building, 15 storey in height, 2 stories for commercial purposes complete with 234 residential units above and 136 parking spaces in a three level below grade parking facility , the first two levels being for commercial parking purposes.
The project is currently in the re-zoning phase and will have a total project value upon completion of approximately $100,000,000.
297 College Street
Developer Partner: Tribute Communities
Total Equity: $9,250,000
Date Closed: September 29, 2011