6.5K 
The Greater Toronto Area is a textbook North American example of how public transit prompts development. From the building of the Bloor-Danforth (Line 2) subway in the early 1960s, to the northbound extension to North York of the Yonge (Line 1) subway a decade later, to the Scarborough LRT in the early 1980s and the Eglinton Crosstown and further north TTC expansion today, the availability of public transit is the template to where people choose to live and work.
A current prime example is the announcement that KIN Capital Partners is partnering with Castlepoint Numa and Forthlane Partners for the development of a two residential tower mixed-use project adjacent to the Weston GO/UP Express station in the Weston Village community near Weston Road and Lawrence Avenue. To be located at 1830 Weston and 1800 Weston, these two transit-oriented residential developments will be within a 15-minute ride to both Union Station and Pearson Airport, a strategic advantage making it attractive to buyers and tenants.
“KIN Capital is thrilled and honoured to partner with Castlepoint Numa as we remain bullish on the GTA market during these challenging macro-economic times due to its strong population and job growth fundamentals resulting in a substantial supply-demand imbalance across the Greater Toronto Area,” says Jacob Iftah, Co-founder and Managing Partner of KIN Capital Partners. “Therefore, we have been focused on investing in large-scale projects that are increasing the supply in the more affordable areas of the city, with close proximity to transit.”
The Weston Village developments comes after KIN Capital’s recent announcement of its partnership with Almadev (previously ELAD Canada) to develop an 11.6-acre site at specifically designed as a large-scale master-planned community to increase the supply of housing in the GTA.
KIN Capital Partners Inc. is a global real estate investor and asset manager based in Toronto. Though formed only two years ago, it already has trusted relationships with top-tier real estate investors and stands on the front lines in creating opportunities and value within the Canadian real estate eco-system.
“We’re excited to welcome our new partners KIN Capital and Forthlane as they share our enthusiasm and commitment to unlocking the full potential of the Weston and Lawrence community,” says Jeff Brenner, Partner at Castlepoint Numa, which has earned a reputation for land transformation projects which create positive change and deliver thriving neighbourhoods. “The adjacency to transit, the natural amenities of the Humber River and the diversity of its residents present the characteristics we seek for our community development projects.”
The Weston Village Developments represents the first real estate investment for Forthlane Partners, a Canadian-based multi-family office which provides its clients with a leading-edge pension plan style of investing, driven by open access to the world’s best money managers.
“We are fortunate to partner with KIN Capital Partners and Castlepoint Numa, a Toronto city-building leader, in the community of Weston Village,” says Len Pace, Head of Real Estate of Forthlane Partners. “As our first real estate investment, this project is indicative of the unique opportunities and value-added returns that we will continue to seek out on behalf of our clients as part of a well-diversified, pension fund-style portfolio.”
Building a two-tower residential development adjacent to a GO/UP Express station is just the latest example of transit spurring on development, and as a global real estate investor, KIN Capital continues to execute its’ objective to increase the housing supply in transit-oriented projects throughout the GTA.
* * *
UrbanToronto’s new data research service, UrbanToronto Pro, offers comprehensive information on construction projects in the Greater Toronto Area—from proposal right through to completion stages. In addition, our subscription newsletter, New Development Insider, drops in your mailbox daily to help you track projects through the planning process.
