CPPIB is about to develop a Toronto Christie property

“First Capital (FCR-T) and Canada Pension Plan Investment Board (CPPIB) each contributed $26 million to acquire the former site of a Christie cookie-making facility from Mondelez Canada in 2016.

The proposal includes one million square feet of retail, restaurants, neighborhood services, office and commercial opportunities, and six million square feet of residential space, with a range of housing options. It is anticipated business at the development will employ up to 3,500.

The proposal also includes a new GO station, on-site Toronto Transit Commission (TTC) bus and streetcar service, and a significant investment in road, cycling and pedestrian infrastructure. Discussions are ongoing with Metrolinx regarding the proposed GO station.”

Read the full article by Steve McLean for Renx.ca

#realestate #toronto

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