Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Ontario  + Canada + Cross Border News  | 
Pinemount Developments and Elysium Investments have closed on a development opportunity in Toronto's Emery Village district

Pinemount, Elysium Close on Toronto Development Project

Canada’s Pinemount Developments and Israel’s Elysium Investments have closed on a 1.78-acre development site in Toronto’s Emery Village district.

Pinemount and Elysium agreed to partner on the project in June, the companies said in a news release. Currently, the property at 3406-3434 Weston Road comprises a fully tenanted, single-storey commercial plaza. That structure is slated to be replaced by mixed-use, multi-tower high-rise apartment buildings.

The companies said they are looking forward to leveraging each other’s experience in acquiring multi-family assets across Ontario. The development is intended to accommodate housing and commercial-space demand arising from the nearby Finch West light-rapid-transit line, which is almost complete.

North York, Ont.-based Pinemount is a real estate development and management company that focuses on long-term opportunities in the rental-housing market.

Elysium is a developming, investment and holdings company. In Canada, its activities focus on identifying and unlocking land and development opportunities through alliances with industry leaders and experts.


Inside The Story

Pinemount DevelopmentsMonte Stewart

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Lease
  • ◦Sale/Acquisition
  • ◦Development
New call-to-action
New call-to-action