Toronto-based real estate firm Marlin Spring and Hines are slated to develop a 2.8-acre property in Toronto’s Junction Triangle.
The site on Sterling Road was previously home to the proposed Museum Flats condo project that was cancelled in 2017.
More than one million square feet of residential, retail and office space is planned, including a new child care facility, 6,000 square feet of affordable housing and 646 condo units.
According Marlin Spring’s Pedro Lopes, senior vice-president of developments, the project will fill in vacant lands near the Museum of Contemporary Art and offer a new public park and connections to the West Toronto Railpath.
The project is banking on its transit-friendly access. Close to public transit and cycling infrastructure, the site is located near the UP Express, which gets people to Union Station in a 10-minute ride and Pearson airport in a 15-minute ride.
“By developing new housing, retail opportunities and community infrastructure Marlin Spring hopes to make a positive contribution to this already thriving neighbourhood,” adds Lopes.