AlbertC
Superstar
181 Bedford Road/250 Davenport Road
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http://homesandcondosblog.com/home/tchc-looking-to-sell-250-davenport-road-11286.html
For some time now, the Toronto Community Housing Corporation (TCHC) has been struggling with maintaining its homes. With over $750 million in backlogged repair, the TCHC has been looking for ways to lower that number and to increase its reserves. One idea is to sell off their high potential sites to development companies.
The TCHC recently released an open tender, seeking plans on how to redevelop one of their more attractive locations – 250 Davenport Rd. – located in the Annex, just off of Avenue Rd. Currently, the address features a high-rise apartment building, but it’s in rough shape. The TCHC is looking to either partner or sell the site to a developer. No price has been announced, but given the location and the 1.6-acre size, it will probably cost a developer a pretty penny. The bidding process remains open until April 23rd.
Google Maps View
http://homesandcondosblog.com/home/tchc-looking-to-sell-250-davenport-road-11286.html
For some time now, the Toronto Community Housing Corporation (TCHC) has been struggling with maintaining its homes. With over $750 million in backlogged repair, the TCHC has been looking for ways to lower that number and to increase its reserves. One idea is to sell off their high potential sites to development companies.
The TCHC recently released an open tender, seeking plans on how to redevelop one of their more attractive locations – 250 Davenport Rd. – located in the Annex, just off of Avenue Rd. Currently, the address features a high-rise apartment building, but it’s in rough shape. The TCHC is looking to either partner or sell the site to a developer. No price has been announced, but given the location and the 1.6-acre size, it will probably cost a developer a pretty penny. The bidding process remains open until April 23rd.
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