Carttera Breaks Ground On Queen West Rental After Condo Pivot
Carttera has broken ground on a 358-unit purpose-built rental development at 1266 Queen St. W. in Toronto, moving ahead with a project that was originally planned as a condo tower.
Architect BDP Quadrangle said this week that construction is officially underway at the Parkdale site and that demolition of the existing two-storey commercial building has begun.
The project marks a significant change from the plan previously advanced by Republic Developments. City documents show Republic’s approved proposal called for a 24-storey mixed-use building containing 331 condominium units.
After Carttera acquired the site in 2025, the development was redesigned as purpose-built rental and increased to 27 storeys and 358 units. The revised unit mix also substantially increased the number of two-bedroom homes, from 73 in the condo plan to 124, while adding three four-bedroom units.
The half-acre site is at Queen Street West and Dufferin Street in Parkdale, just north of Liberty Village and about four kilometres west of Toronto’s downtown core.
The revised project includes 184 square metres of commercial space and 1,164 square metres of indoor and outdoor amenity space. BDP Quadrangle said the development is targeting LEED Gold, Toronto Green Standard Version 4 Tier 2 and Zero Carbon Building – Design Standard certification.
Carttera’s current portfolio lists anticipated occupancy in early 2029.
Other News
JLL Arranges Financing for Lightstone Acquisition on Upper West Side
JLL Capital Markets arranged acquisition financing for Lightstone’s purchase of 323 W. 96th St., a 174-unit multifamily property on Manhattan’s Upper West Side. Senior managing director Peter Rotchford and managing director Michael Shmuely worked on behalf of Lightstone to secure the financing from MF1, a wholly owned subsidiary of Berkshire Residential Investments. Lightstone is acquiring...
Learn more
National City Investment Group Commences Workforce Housing Build
The National City Investment Group, a locally owned, privately held real estate investment company, recently broke ground on Market View, a 120-unit multifamily residential community located at 303 Highland Ave. in National City. The development will transform an underutilized parking lot adjacent to Manolo Farmers Market, which has served National City for more than 33...
Learn more
Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets
Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout