AlbertC
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Estonian developer Hepsor wastes no time getting to work in Canada
Talinn, Estonia-based developer Hepsor AS launched a Canadian subsidiary earlier this year and hasn’t wasted any time in becoming involved with its first projects.
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The newest Toronto multifamily development site
Hepsor is also part of the Elysium Isabella Limited Partnership that assembled and acquired three properties from private property owners at 164-168 Isabella St. in downtown Toronto.The existing single-family homes on the site have heritage features Pärloja said will be retained as an architectural element within the podium of a proposed residential tower once rezoning and other approvals are received. That’s expected to take up to 30 months.
There are plans for a 450,000-square-foot high-rise development, but the partners have not yet decided whether to sell at that point or carry on to the construction phase.
Current view of the site, on Isabella Street, just west of Sherbourne: