Dream and Great Gulf Residential will act as co-developers for the Victory Silos Condo.
“This development will be an integral part of the much anticipated revitalization of the Toronto waterfront and we are excited to be leading such an exceptional development with Great Gulf Residential,” said Michael Cooper, President of Dream and Portfolio Manager of Dream Alternatives.
The initial application is for a 50 storey mixed-use tower which will be bordered by Lake Ontario to the South and Lake Shore Boulevard to the North.
“Great Gulf Residential is delighted to partner with Dream to co-develop this signature development on the waterfront,” said Great Gulf President Christopher Wein. “We targeted this area because we believe that this unique and desirable location will become the hub of future development.
The combined experience and extensive knowledge our two groups bring to this project will create an enviable addition to Toronto’s burgeoning East Bayfront Precinct.”
Toronto CondoVIP Platinum Offer
Register your interest for Victoria Silos Condominiums today and receive Platinum VIP Insider access to:
• PLATINUM VIP INSIDER Access & Pricing
• PLATINUM VIP INSIDER Incentives & Promotions
• PLATINUM VIP INSIDER Deposit Structure
For more than 70 years the site has been home to The Victory Soya Mills Silos which were constructed during World War II to store soybeans and other commodities prior to transportation across Canada. The silos were listed as one of Toronto’s Heritage Properties in 2004 adding to the uniqueness of any future development on the site.
The development proposal includes the preservation of the Silos as a unique architectural feature to be incorporated into the development through either adaptive use or rehabilitation.
Dream and Great Gulf Residential will use their expertise and vision to transform this formerly industrial property with its unique historic attributes into a vibrant mixed-use community.
Dream is one of Canada’s leading real estate companies with approximately $14.5 billion of assets under management in North America and Europe. The scope of the business includes residential land development, housing and condominium development, asset management for four TSX-listed trusts, investments in and management of Canadian renewable energy infrastructure and commercial property ownership. Dream has an established track record for being innovative and for its ability to source, structure and execute on compelling investment opportunities.
Established in 1975, the Great Gulf Group of companies including Great Gulf, Ashton Woods Homes, First Gulf Corporation, Tucker HiRise Construction, H+ME Technology and Taboo Resort Golf and Spa, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully-integrated activities span the entire real estate spectrum.