A trio of developers is moving forward with plans for a multi-residential tower that will replace an assembly of ten houses at 566-576 Sherbourne Street and 29-37 Linden Street in Toronto.
Alterra Group of Companies, DBS Developments and Platinum Vista are proposing a 59-storey high building with more than 700 suites, ranging from studio’s to three-bedroom residences.
“The development presents an incredible opportunity for creating new homes,” said Josh Shteiman, VP – Development Operations, Platinum Vista. “The location, combined with our shared expertise, will make a remarkable addition to the cityscape. We believe this project will create a lasting impact and contribute to the vibrant growth of the community.”
Currently in the planning and design stage, the project includes a heritage component that pays homage to the area’s historical significance. Arcadis IBI Group will lead the design.
The development aims to play a significant role in the neighbourhood’s ongoing transformation.
The area surrounding the project is currently transitioning, and the partners intend to breathe new life into this previously overlooked part of Toronto.
“Our goal is to bring illumination, vitality, and prosperity to this neighbourhood,” added DBS Developments CEO Bryan Levy. “We hope to attract new visitors, encourage local business growth, and revitalize this part of town that has long been awaiting a resurgence.”
