No it is not. But it is a bit of an outlier to KingSett's more general practice of assembling / upzoning / sell off for a quick return on behalf of KingSett's investor customers. One example of a project actually built by KingSett would be the expansion of the original LuCliff Place building at 700 Bay Street.
700 BAY ST Ward 27 - Tor & E.York District Rezoning application to add a 45-storey residential tower, with a floor plate of approximately 490 square metres (5,285 square feet), on the west side of the property. The new residential gross floor area is approximately 20,856 square metres...
News Release January 16, 2024 Today, the City of Toronto announced the ground-breaking of 172 affordable rental homes at 300-304 The East Mall, also known as Valhalla Village. This housing project is the result of a successful collaboration between the City, Government of Canada and private...
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City of Toronto, Government of Canada and Kingsett Capital's affordable housing LP. Private equity managers are going to create these affordable housing specific funds when billions in public dollars through low interest loans are made available to them.