Build Toronto Generates $45M in Dividends for City

Build Toronto chair Chris Voustsinas dropped by the Commercial Real Estate Lenders Association luncheon last Friday to talk about the value in surplus city properties. CRELA co-founder Amar Nijjar sent us this pic of him, co-founder Chad Gemmel (both with JLL), National Bank’s Neil Carpenter and Chris, at JLL’s Commerce Court office. Chris told the 50 lending institution senior execs that Build has to date sold 14 projects, done two JVs, and created $45M in dividends for the city, generating $85M in revenue. Projects he's particularly excited about include Ordnance Triangle (aka Garrison Point) and Tridel’s Ten York.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Why Adgar Canada Believes People Make The Difference In A Successful Office Property

Trump's New Canadian Tariffs To Spike Additional Materials Costs

Wells Fargo Moves To Foreclose On $1.3B Workspace Property Trust Portfolio

Turner Construction Hit With Cyberattack, Hackers Claim Leaks Of Military Info, NDAs

Latest Round Of Fannie Mae Senior Staff Layoffs Has Multifamily Sector Anxious

Why Hines Is Restarting Its Development Engine

How Integrated Infrastructure Can Help AI Data Centers Deploy Faster, Build Smarter

Nvidia Buys Stake In Data Center Power Company

Invesco Cuts Fees, Adds Incentives To Quell Fund Redemption Requests

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Nike Closes 15 Stores Amid Tumultuous Year

Large Commercial Real Estate Sales Up 30% Despite Economic Headwinds