- What Peerage Capital has put 180 Fairbank Avenue in play
- Why The 3-acre site is expected to trade north of $5m/acre
- What next Colliers has the assignment
A land parcel in Toronto is expected to trade for upward of $15m, Green Street News can reveal.
Colliers is marketing 180 Fairbank Avenue on behalf of Peerage Capital. Bids norths of $5m/acre are being sought for the vacant 3-acre site, according to unidentified sources. The brokerage declined comment.
The land is zoned PE – Prestige Employment, permitting a range of uses including industrial, office, retail and showroom.
Development concepts include a 61,190 sq ft, six-unit industrial condo building with 12 truck-level doors and six drive-in doors.
Another concept proposes two industrial condo buildings on the site: a seven-unit, 26,560 sq ft building with seven drive-in doors, and a 14-unit, 46,000 sq ft building with 14 drive-in doors.
The property is near the intersection of Dufferin Street and Eglinton Avenue West in the Castlefield Design District. Allen Road, Highway 400 and Highway 401 are within 4 km, while Glencairn station and the Yorkdale GO bus terminal are within 3 km.
Peerage Capital is a private investment firm focused on real estate, wealth advisory and asset management. Miles Nadal is the founder and executive chair of the Toronto-based company.
CORRECTION: This article was revised to clarify sourcing.
