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 transit station provides connectivity to the Yonge Subway, the soon-to-be-completed 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 completed the construction of this 494-unit, 350,000 sf condominium project in January 2023. The building sits on a 0.8-acre property located in the heart of downtown Kitchener and is within walking distance to two light rail transit stations. During the land use approvals process, the partnership was able to obtain further density entitlements, which made it the tallest approved building in Kitchener at the time.
We achieved a 31.22% IRR and 2.91x Equity Multiple - January 2023.
Please visit dtkcondos.ca for more information.
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.
Please visit queencentral.ca for more information.
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.
Please visit ShapeSJ.ca for more information.
The Hamilton City Centre Mall redevelopment project is in the heart of the emerging downtown core adjacent to the First Ontario Centre, at the terminus of the King William Street restaurant district and within walking distance to the Hamilton GO Station. We are in the process of obtaining municipal approvals for this mixed-use, multi-phase development, which will be completed in conjunction with the City of Hamilton’s guidelines for regeneration of the district.
Harlo Capital and its partner identified an attractive opportunity to develop a 5-storey, 80-unit, 61,000 sf purpose-built rental project in Vancouver, British Columbia. The partnership secured four properties and a municipal lane totalling 0.53 acres at the corner of Stainsbury Avenue and Victoria Drive in the Kensington Cedar Cottage neighbourhood. Two SkyTrain stations within 850 meters connect this project to downtown Vancouver, Burnaby, New Westminster, and Surrey along the Expo Line. Other local amenities are concentrated 400 meters north at the 70-acre John Hendry (Trout Lake) Park, which features a freshwater beach, a community centre, a regular farmers’ market, an ice rink, playing fields, performing arts facilities, and walking trails. Construction began in the first quarter of 2021, and occupancy is expected to commence in Summer of 2023.
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 acquired a 0.57-acre parcel to develop a high-rise condominium project in downtown Kitchener, Ontario. The property is located 500 meters from the region’s planned transit hub where GO Transit regional train and bus services, VIA rail, LRT, and other ground-oriented transit will converge. The 45-storey, 548-unit, 385,000-sf building will be a short walk to Google Headquarters, the Tannery tech incubator, downtown amenities, and Victoria Park
Please visit tektower.ca for more information.
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 Leaside Crosstown LRT Station (scheduled to be completed in late 2022). 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.
Please visit www.radmarketing.ca for more information
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
Harlo Capital and a partner currently own 0.6 acres of land at Weber St. and Scott St., a highly desirable urban location in downtown Kitchener. The property has a Walk Score of 97 and is conveniently located steps away from the ION Rapid Transit System, an $868-million public investment that simplifies travel and lowers transit costs for residents in Kitchener. The lack of supply for luxury rental options in Kitchener makes this project an attractive rental building opportunity that directly aligns with the needs of the municipality.
We achieved a 29% IRR and 2.46x Equity Multiple- February 2022.
Please visit www.thescott63.com for more information.
Harlo Capital and a partner acquired a 10.7-acre industrial site in Burlington, Ontario. The property is located 600 meters south of the QEW at the intersection of Walkers Line and Harvester Road. This location benefits from its proximity to local and inter-regional transportation corridors, and its connection to the Greater Golden Horseshoe markets. The partnership is executing a development strategy that includes site clean-up, short-term leasing, and long-term redevelopment of the property to maximize returns.
This 449,434-sf portfolio of industrial assets is situated in the strategic logistics node of Cornwall, Ontario. Large retailers and distributors favour this location for its ability to service eastern Canada, including the Ottawa valley, Quebec, and the Atlantic provinces, while being connected to the GTA’s industrial gravity via Highway 401. These buildings benefit from direct access to Highway 401, 2 km northwest along Boundary Road, as well as the Canadian/United States border crossing in downtown Cornwall 8 km away. The stable tenant mix is managed by Harlo with our experienced partner and boasts institutional covenants, established local businesses, emerging green industry, and key elements of the e-commerce ecosystem from warehousing components to last mile solutions.
440 Victoria Street North is an 18.87-acre industrial property well located 2.5 km north of Hamilton’s downtown core, 1.5 km south of Hamilton Harbour, 2.3 km to the CN rail railyard, and 7 km to the Queen Elizabeth Way. The property is zoned for a variety of industrial, light industrial, and commercial uses, providing strategic flexibility for Harlo and its partner. The development contemplates approximately 438,000 sf of Gross Floor Area, split between self-storage and for-sale & for-lease industrial space, which will be developed sequentially based on market demand.