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