Build Toronto Inks $295M Downtown Condo Project Deal

Law360, New York (November 22, 2011, 1:55 PM EST) -- Build Toronto Corp., the city-backed entity tasked with tapping into Toronto's fast-growing real estate market, has inked its first development deal, a $295 million project with condominium builder Tridel to turn a city towing lot into a 75-story residential tower, the company announced Tuesday.

The partnership, the first since the city established Build Toronto in 2009 as an independent investment entity, plans a sleek glass tower for the lot in the Harbourfront neighborhood, which borders Lake Ontario on one side and the city's financial district on...
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