The property has 28,000 sq ft of vacant office space
The first project will add 600 units to midtown Toronto
The rental upside is more than 100%
The property traded at a cap rate around 3.75%
Initial talks began early last year
The site plan is approved for assemblage on Lake Ontario
Salthill Capital sold the property
Located 500 m from the Port Credit GO station
Forum's $1.7bn acquisition of Alignvest Student Housing REIT will close later this year