Stafford and DBS Developments have unveiled plans for a purpose‑built rental tower at 11–21 Johnston Avenue in Toronto’s Sheppard-Yonge neighbourhood, marking the first collaboration of its kind for the two companies.

Located just 130 metres from Sheppard‑Yonge Station, the site offers future residents rapid access to both the Yonge‑University and Sheppard subway lines, as well as grocery stores, restaurants, retail, entertainment venues, and community spaces along Yonge Street.

“Stafford is incredibly excited to be partnering with DBS Developments at this opportune time to build this amazing new community on Johnston Avenue,” said Jonathan Goldman, President of Stafford. “Yonge and Sheppard is one of the most underserved rental nodes in the city, which paired with the strong rental demand in this area makes this the exact type of development the city needs.”

“We are thrilled to be partnering with Stafford on what will become a landmark purpose-built rental community for this neighbourhood and for the city,” added Bryan Levy, CEO of DBS Developments. “Stafford has built an exceptional reputation for delivering thoughtful, beautifully executed projects across Toronto, and there is a strong natural alignment between our organizations in how we approach development, construction, and the resident experience.”

Levy added that, as demand for professionally managed rental housing continues to rise in Toronto, so does the need for experienced developers and operators to deliver these critical housing projects: “Together, we’re excited to bring a world-class rental community to one of Toronto’s most connected neighbourhoods, where demand for high-quality rental housing remains strong,” he said.

A development application submitted earlier this year outlines 524 rental units across approximately 350,709 square feet, designed by Turner Fleischer Architects with planning by Goldberg Planning Group.