204 Richmond Street West, Toronto

The site is of regular dimensions and was to be improved with a 200 unit, 173,045 square foot residential condominium within a flexible Reinvestment Area zoning (RA).

What We Have Learned
The developer client wished to assume and benefit from the redevelopment risk and to be compensated as such. A successful negotiation of a joint venture in the redevelopment of an office property into a residential property fulfilled the client’s objectives. The assignment consisted in locating a qualified developer to joint-venture the project. The property at the time was not developed to its highest and best use.

“… I would like to ‘Thank You’ for your hard work and effort in helping us close he sale of 204 Richmond Street to our joint venture with Tridel. The project is going to be a great success and that is in no small part due to the efforts of yourself…”

John Sullivan
Senior Vice President, Office

P.G. GAGNÉ COMMERCIAL REAL ESTATE CORP., Brokerage, 220 Bay Street, 9th Floor, Toronto, Ontario, M5J 2W4 • Tel: 416-955-1885 Fax: 416-862-2136 • pierre@gagnerealestate.ca