A prime transit-oriented Toronto condo development site has come on the market as its owners pursue other opportunities.

JLL is marketing the 26,537-square foot property located on the northwest corner of Bloor Street West and Dundas Street. The site is adjacent to the Dundas West TTC station and within a short walk of the Bloor GO/Union Pearson express train station.

Toronto city council approved a rezoning application for the site, clearing the way for development, according to JLL. A subsequent site plan approval was submitted to the city in April 2022, contemplating a 27-storey tower comprising 258,100 sf of gross floor area.

The development is slated to include 251,000 sf of residential space and 7,100 sf of ground-floor retail units. Trinity Group and Hazelview Investments, through a joint-venture firm, are the known owners of the property

Michael Tsourounis, Hazelview’s managing partner and head of real estate, has stated publicly that his company wants to sell the site while focusing on a 900-unit Toronto rental housing development project at Bloor and Dufferin streets.

Image: Trinity Group