Ontario Construction News staff writer
Marlin Spring has acquired a 2.8-acre property in Toronto’s Junction Triangle neighbourhood along the Sterling strip.
Future development will “serve as a form of urban acupuncture, filling in and connecting the currently vacant lands that surround the Museum of Contemporary art to the broader community by offering new housing, retail and office opportunities while contributing to community infrastructure with a new public park, road and connections to the West Toronto Railpath,” said Marlin Spring’s Pedro Lopes, senior vice president, developments.
The developer is expected to deliver over a million square feet of residential, retail and commercial space, including a new child care facility and affordable housing.
The site has excellent access to public transit and cycling infrastructure, and is located within walking distance of the second largest transportation hub in the city.
Access to the UP Express offers a 10-minute ride to Union Station and a 15-minute ride to Pearson International airport.
“By developing new housing, retail opportunities and community infrastructure Marlin Spring plans to make a positive contribution to this already thriving neighbourhood,” Lopes said.
Marlin Spring is a Toronto-based real estate investment firm which strategically acquires, develops, constructs and repositions residential assets throughout North America.