Six-tower plan to go in Scarborough
Excerpt from an article by Theresa Boyle, Real Estate Reporter, Toronto Star
The Canderel Group of Companies has sold a large tract of land in Scarborough to Tridel, paving the way for a new condo development there.
Canderel has announced that it has unloaded the Toronto Sufferance Truck Terminal, which it had acquired in 1988, in partnership with a client of Aurion Capital Management in 1998.
The 6.8-hectare site, located north of Highway 401 and Kennedy Rd., has already been rezoned to allow for 2,100 residential condominium units, and up to 450,000 square feet of commercial space.
Tridel vice-president Jim Ritchie says his firm has plans for up to six condo towers there, one office building, some townhomes and some retail.
Read the full article
———————————————————————————
Contact the Jeffrey Team for more information
