TSX:MPCT.DB - Post by User
Post by
InvestSmarteron Oct 16, 2024 9:29pm
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Post# 36269250
Quayside Impact: 2800 Rentals Approved
Quayside Impact: 2800 Rentals Approved Phase 1 was approved in August 2024 (during Q3)
Phase 1 will begin in 2025, and develop 2,800 units.
We will build a 70, 64 and 55 storey towers
We own 37.5% of the Victory Silos parcel, and 12.5% of Quayside. It is very valuable.
There is substantial value in this development. By starting phase 1 (2025), we will obtain CMHC financing, and repay land loans associated with this development.
Phase 1 Approval Here:
https://canada.constructconnect.com/dcn/news/projects/2024/08/first-phase-of-2800-units-approved-for-quayside-in-toronto
Quayside Impact Development Page Here:
https://quaysideto.ca/