Harlo Capital and a partner are re-developing a 1.05-acre church property to a mixed-use project that includes an approximately 312,000-sf, 44-storey, condominium and a place of worship. The site is well located in the bustling midtown community of Yonge and Eglinton. Community amenities include numerous parks, a community recreation facility, multiple schools, and countless restaurant, shopping, and entertainment opportunities. The Yonge and Eglinton TTC transit station provides connectivity to the Yonge Subway, the soon-to-be-completed Eglinton Crosstown LRT, and many midtown bus routes. The project is currently finalizing approvals and preparing for sales launch.
Harlo Capital and partners identified an attractive investment opportunity and secured three parcels of land totaling ~0.37 acres, and improved with a 16,400-sf office building. The property is located in midtown Toronto in close proximity to the Yonge Street and St Clair Avenue intersection. The site is 20 meters from the St Clair subway station, in a revitalized office submarket, and walking distance from Rosedale, making it an attractive location for future homeowners. Upon successfully obtaining land use approvals to develop a 35-storey condominium, the partnership sold the property to a prominent residential developer in May 2022.
We achieved a 32.04% IRR and 2.13x Equity Multiple - May 2022.
Harlo Capital and a partner secured a 0.3-acre site situated at the northeast corner of Queen Street East and Mutual Street in downtown Toronto. The property is highly accessible to transit, located 450 meters east of the Queen Street Subway Station and serviced directly by the Queen Street streetcar route. Two of the existing buildings are designated heritage buildings. The partnership was successful in rezoning the property to permit a proposed new design with a pronounced heritage component to preserve the historical legacy of the neighbourhood. Construction began in the second quarter of 2022, with occupancy expected to commence in Q4 2025.
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Harlo Capital and a partner have launched its co-developed, master-planned, mixed-use development at the Scarborough GO Station. Its strategic position offers a unique large-scale opportunity in the GTA with convenient commutes to the Financial District, Bloor-Yonge, and Yonge-Eglinton. The Scarborough Junction master plan will create a distinctive new community that will include complete residential neighbourhoods that are fully accessible to parks, retail high streets, and the GO Station.
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Harlo Capital and its partner identified an attractive investment opportunity on a 0.35-acre parcel of land situated at the northwest corner of Bayview Avenue & Roehampton Avenue, in the Leaside neighborhood of Toronto, Ontario. The property is currently occupied with a car wash. Harlo intends to undertake development planning activities and file necessary applications with the City of Toronto to rezone the site to permit a 46-storey, ~419-unit residential condominium, with upwards of ~311,700 sf of residential density and retail uses at grade. The site benefits from close proximity (~100 m) to the soon-to-be-completed Eglinton Crosstown LRT at Leaside Station.
Harlo Capital and a partner acquired two multi-unit residential buildings located at 661-665 Huron Street in Toronto’s Annex neighbourhood. The partnership intends to improve and operate the current rental buildings and develop 6 units of laneway housing in the underutilized laneway at the rear of the existing buildings. This will help address the city’s rental housing shortage through an infill opportunity that features innovative re-imaging of space. The community also unlocks Toronto’s “missing middle”, which is the shortage of available housing options between single-detached homes and high-rise apartments/condominiums. The Annex neighbourhood is serviced by the Dupont subway station, borders the University of Toronto, and has long been known as Toronto’s student quarters. Land use approvals are in progress, with site plan approval expected by Q3 2023.
Harlo Capital and a partner have strategically secured a 6,800-sf commercial building on 0.63 acres of land at Bayview and Sheppard. The property is advantageously positioned in close proximity to key services and amenities. The TTC Bessarion Subway Station, Highway 401, Bayview Village Shopping Centre, and North York General Hospital are all located within a 450-m radius from the site. The partnership has obtained land use approvals to development of an 11-storey, 174-unit, 116,000-sf condominium. Construction commenced in Q3 2022.
Please visit 699 Sheppard.com for more information.
Harlo Capital and a partner are co-developing a mid-rise condominium complex in the Leaside neighborhood of Toronto. The 0.97-acre site is located on the west side of Bayview Avenue, steps away from both the TTC bus service and the soon-to-be-completed Leaside Crosstown LRT Station. The potential of this transit-oriented development is also maximized by its close proximity to Leaside Secondary School, Howard Talbot Park, and Sunnybrook Hospital. The partnership has obtained land use approvals to develop a 198-unit, 182,000-sf building, which is expected to start construction in Q4 2022.
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Harlo Capital and its partner identified an attractive investment opportunity and secured 8 properties totaling 0.53 acres of land at the southwest corner of Bathurst Street and Richmond Street West. The property is located at a Bathurst Street TTC streetcar stop and is within 100 meters of the Queen Street TTC streetcar routes. The site is situated between two of Toronto’s most iconic neighbourhoods (Queen West and King West), which feature some of the city’s best entertainment, shopping, and restaurants. The proximity to these neighbourhoods, the financial core, and local parks & schools make this a desirable project for future owners. The partnership has obtained land use approvals to develop an 18-storey condominium building with retail uses at grade