Hong Kong builder enters Toronto market with five-tower development plan

Posted : April 3, 2018

Canada's latest megadeveloper is making its largest bet in Toronto with a plan for a five-tower, 1.7-million-square-foot, mixed-use community with office space, retail and 800 residential units on the 8.6-acre Newtonbrook Plaza shopping centre site.

China's Aoyuan Property Group is behind the plan, paying Silvercore Inc. $201-million for the property at 5799 Yonge St. in North York.

This is the third and largest project announced so far in Canada by the Hong Kong-based company; it has two other projects in Vancouver.

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Hong Kong builder enters Toronto market with five-tower development plan
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