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Ontario  + Canada + Cross Border News  + Multi-residential Housing  | 

Two Massive Toronto Towers Get Zoning Go-Ahead

Financial firm Cameron Stephens, Westdale Properties and Originate Developments are partnering on two massive Toronto residential towers.

The developments have received zoning approvals and are expected to proceed soon. Plans call for a 50-storey tower at Younge and St. Clair streets and a 58-storey structure at Jarvis and Earl.

“The Yonge and St. Clair development and the Jarvis and Earl development strive to set the standard for execution and delivery for Toronto housing,” said Mitchell Cohen, Westdale’s COO, in a news release. “With innovative designs in strategic locations, these projects exemplify the dedication of the joint-venture partners to shaping the future of urban living in Canada.”

The Yonge and St. Clair location is 100 metres away from a transit station. The Jarvis and Earl project was originally intended to be 43-storeys. But the partners decided to increase the height of the development, which will offer a range of housing options catering to various market segmentsts.

Cameron Stephens provides equity and non-bank mortgage capital to developers and investors.

Westdale owns, manages and develops real estate across Canada and the U.S. Originate is an infill development firm that strives to reimagine underutilized space.

Pictured: Proposed 58-storey multi-residential tower at Jarvis and Earl streets in Toronto

Rendering: Kirkor Architects/Originate Developments


Inside The Story

Cameron StephensMitchell CohenWestdale Properties

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.

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