Equiton Acquires Land in Toronto for Condo Development
TORONTO, ON Sept. 7, 2023 – Equiton has acquired the land at 875 The Queensway for the purpose of developing a mid-rise condo. A key factor for acquiring this development opportunity includes the existing zoning approvals, resulting in a shortened project timeline as well as the exceptional location. Vicinity Condos will be an upcoming mid-rise condominium situated within a vibrant neighbourhood close to downtown Toronto and is projected to have approximately 150 multi-residential units.
Vicinity Condos, a recent addition to Equiton’s investment portfolio, showcases the company’s strategic ability to select projects that bring considerable value to investors and communities. This acquisition underscores Equiton’s understanding of market dynamics and commitment to presenting innovative and profitable investment options.
Equiton’s CEO, Jason Roque, expressed his confidence in the development of Vicinity Condos. He stated, “Our extensive expertise in acquisitions and development allowed us to identify this unique development opportunity and we are excited to offer this to our investors. This project will enhance our commitment to creating more ventures that deliver strong returns and foster positive impacts within our communities. This development further reinforces our dedication to identifying the right projects and collaborating with the best industry partners, ensuring the success of all stakeholders involved.”
Equiton remains focused on identifying and pursuing future development opportunities with the potential for similar returns and community value that Vicinity Condos will offer. The Equiton team has developed a comprehensive approach to real estate investments and is looking to acquire additional development sites which have the potential to build the wealth of Canadians while creating much-needed housing.
Equiton’s Vice President of Development, Alan Dillabough, recently confirmed, “Equiton is consistently and actively pursuing new development opportunities. Our goal is to achieve strong financial returns for our investors while helping to address Canada’s pressing housing needs. Our current development projects in Ottawa, Guelph, and Toronto have a projected completion value exceeding one billion dollars and will encompass over a million square feet of space, including 1,500 housing units. With an extensive market understanding, we’re fully equipped to support investors in securing a stable financial future.”
For further information about Vicinity Condos and investment opportunities or to learn how to collaborate with Equiton, visit www.equiton.com
ABOUT EQUITON
Proudly Canadian-owned and operated, Equiton is a leading private equity firm that delivers notable returns for investors. We believe in making private real estate investing accessible to all Canadians and providing easy access to all types of investment-grade real estate through our proven high-performing investment solutions. We offer true diversification, full transparency, and all the benefits of real estate investing without the difficulties of financing, tenant management, building maintenance or project management.
MEDIA CONTACT
Kathy Gjamovska
VP, Marketing & Communications
905-208-0817
kgjamovska@equiton.com
