Vaughan 180 Steeles Avenue West | 182.6m | 55s | Constantine | Arcadis

Wow very unique nice looking condos! Would look great by the waterfront as you can see in the photos up above !
 
renx.ca

High-density Vaughan redevelopment property for sale

A 5.57-acre redevelopment site at 180 Steeles Ave. W. in Vaughan, Ont., recently put on the market by Mizrahi Developments and Constantine Enterprises Inc., is attracting a lot of interest.
renx.ca renx.ca

What was planned for the site​

Mizrahi and Constantine were proposing a four-tower, multi-phased condominium development comprising 2,196 residential units (including 440 live/work spaces for residential or business use) and 34,243 square feet of retail space.

The four towers rising from two six-storey podiums range from 34 to 55 storeys with all elements comprising a gross floor area of 1.87 million square feet.

“Many of our big private institutional developers for condos like multi-phased projects,” Czestochowski said. “They like the fact that they can be there for a long period of time.

“With the marketing and everything, it’s a lot of money to get up and going. And if you can defer it over four towers, it helps the economics of it.”

The proposal included five levels of underground parking with 1,098 resident spaces and 220 visitor spaces, as well as more than 1.72 acres of parks and open spaces.

Zoning and site plan application​

The property is within the Yonge Steeles Secondary Plan area and a settlement hearing for the zoning bylaw amendment will take place on March 23.

A site plan application hasn’t been submitted, allowing the property’s purchaser to finalize the design and layout of the buildings as desired.

“It will be sold zoned,” CBRE sales representative Emelie Rowe said, “so you have that risk off the table. The zoning will be completed upon closing.”

There’s no Section 37 contribution for community benefits for the proposed development, but the site is subject to the Yonge Steeles Corridor Cost Sharing Agreement.

The offer submission deadline for 180 Steeles Ave. W. is 3 p.m. on April 12.
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I beginning to think that "receivership" is Sam's second name. /sigh
 
Receivership for sale via CBRE (as a partnership interest) - https://online.flippingbook.com/view/499719887/

From Mike -

1720109501031.png
 
storeys.com

Mizrahi’s Stakes In Yorkville Luxury Condo, Vaughan Pre-Con Sold By Court Order

As of Friday, September 20, the Ontario courts have approved purchase agreements, on five counts, in respect of a luxury condo project at 128 Hazelton Avenue in Yorkville and a multi-tower development slated for 180 Steeles Avenue West in Vaughan. Both projects come from Sam Mizrahi — the...
storeys.com storeys.com

As of Friday, September 20, the Ontario courts have approved purchase agreements, on five counts, in respect of a luxury condo project at 128 Hazelton Avenue in Yorkville and a multi-tower development slated for 180 Steeles Avenue West in Vaughan. Both projects come from Sam Mizrahi — the Toronto real estate developer whose name was splashed across headlines after being forced off The One skyscraper project earlier this year.

Friday’s approvals for the Yorkville and Vaughan developments come nearly four months after both projects were placed under receivership (on June 4) amid allegations from Constantine Enterprises that it had lost confidence in Mizrahi as a development partner.

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Switching gears to the Steeles Avenue West project in Vaughan, it’s a four-tower development that’s currently awaiting rezoning and is set to bring up to 2,196 condo units to the area. The allegations from Constantine (from April) were that Mizrahi was owing over $28.9 million related to the project. After the receivership order was granted, KSV brought on CBRE to solicit a buyer. On September 20, the courts approved a purchase agreement that would see ownership of the project assigned to Constantine through a stalking horse bid, which dictated a purchase price of $8 million and will be settled through a credit bid.
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