Toronto 40-60 St Lawrence | 144.6m | 43s | Marlin Spring | Wallman Architects

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Baz Group of Companies

Baz Group of Companies is a fully integrated real estate company that strategically acquires, develops, constructs and repositions assets throughout North America.
marlinspring.com marlinspring.com


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40 - 60 St Lawrence is the property north of the subject of this thread. It's registered to Sobeys on GeoWarehouse

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I've moved three 40-60 St Lawrence posts from the 2 St Lawrence thread to here, as it appears that the Marlin Spring buildings are to be on the southern half of this site. If it makes sense to spilt this into a separate thread in the future, we'll tackle that at the time.

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renx.ca

Marlin Spring, Greybrook buy T.O. site, plan multi-tower dev.

Marlin Spring Developments and Greybrook Realty Partners have acquired a development property at 40-60 St. Lawrence Ave., where it has submitted updated plans for a three-tower multires development.
renx.ca renx.ca

Marlin Spring Developments and Greybrook Realty Partners have acquired a development property at 40-60 St. Lawrence Ave. in the Toronto suburb of Etobicoke, where the partners have submitted updated rezoning plans for a three-tower multires development.

The property is just south of The Queensway between Islington and Kipling Avenues. It's an area Marlin Spring knows well from several other acquisitions and projects.

“Given our earlier bet on The Queensway, this is just a natural continuation of the opportunity that we see for these projects," Marlin Spring CEO Pedro Lopes told RENX, "and for investors and purchasers alike to continue to invest in an area that has been very successfully growing and gentrifying over the last few years."

The unused site was acquired from Sobeys Capital Inc. for an undisclosed price on May 1.

Lopes said the previous owner planned to develop the property and had submitted an initial rezoning application to the City of Toronto, but eventually decided to sell the property.

The new owners have just submitted their own rezoning application to construct three condominium towers on the site, which is zoned industrial.

The towers would range in storeys from the mid-20s to the low-40s, emerging from a podium with commercial and retail space at grade.

Marlin Spring and Greybrook have yet to decide the number of units, but Lopes believes there will be approximately 1,000 to 1,200.
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It's official, both Marlin Spring and Greybrook are going to ruin all of The Queensway's great potential. Add Tribute to the mix in the neighborhood and that's the trifecta of misery.
 
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