From http://product.costar.com/home/news/shared/191908?market=178
Snippets:
42
Snippets:
Remenyi House of Music Ltd. agreed to sell its building at 210 Bloor St. West, where it has been located since 1979, for $25 million, according to data obtained by CoStar research.
As part of the sale, which was listed by Noah Schwartz of Lennard Commercial Realty, Remenyi House is providing financing of $12.5 million.
Remenyi and Tribute officials could not be reached for comment but the deal for 0.19 acres of land and the 18,873-square-foot building, including 24 surface lots, is the latest for the area of the city just west of Yorkville where condos continue to dominate the landscape.
"You could do a variety of things there," said Shaun Hildebrand, senior vice-president of condo research firm Urbanation Inc., referring to the site. "It would be in high demand among investors because of the proximity of Yonge St. but also because of (being across the road) from the University of Toronto. You could do a more downsized building with larger units."
As part of the sale, which was listed by Noah Schwartz of Lennard Commercial Realty, Remenyi House is providing financing of $12.5 million.
Remenyi and Tribute officials could not be reached for comment but the deal for 0.19 acres of land and the 18,873-square-foot building, including 24 surface lots, is the latest for the area of the city just west of Yorkville where condos continue to dominate the landscape.
"You could do a variety of things there," said Shaun Hildebrand, senior vice-president of condo research firm Urbanation Inc., referring to the site. "It would be in high demand among investors because of the proximity of Yonge St. but also because of (being across the road) from the University of Toronto. You could do a more downsized building with larger units."
42