[AlbertC]

Listed on the market (again):

Check out this listing

2720 DANFORTH AVE, Toronto, Ontario M4C1L7

www.realtor.ca

https://twitter.com/x/status/1582312047307821057

 

[DevDudeToronto]

Looks like every single Katalyst project is on the market, and from what I can tell they're all power of sales. I'm guessing bankruptcy?

 

[Technical Difficulties]

Looks like this is back on the market via colliers.

 

[AlbertC]

Asking price is $8.8 million smackeroos!

https://www.realtor.ca/real-estate/26087338/2720-danforth-ave-toronto-east-end-danforth

 

[Northern Light]

Asking price is $8.8 million smackeroos!

https://www.realtor.ca/real-estate/26087338/2720-danforth-ave-toronto-east-end-danforth

~$108,000 per proposed unit.

 

[Technical Difficulties]

The Leon’s to the east of this site was for sale as well but it doesn’t seem to be listed anymore. 2870 - 2872 was listed with cbre. Not sure if it sold. Notice was required by Nov 1 2023 if they planned to terminate the lease with Leon’s. I know this isnt the right place to share this but there doesn’t seem to be a post in UT for this.

 

[Technical Difficulties]

Drove by here this morning and the windows are all boarded up. Can't seem to find the listing anymore, so hopefully this means there is some activity for this site.

 

[Northern Light]

Drove by here this morning and the windows are all boarded up. Can't seem to find the listing anymore, so hopefully this means there is some activity for this site.

The business (furniture store) has closed; beyond that, I'm not aware of anything.

The proposed application here was never approved, it only got to Preliminary Report.

So I suspect this one is some distance from real action.

There are no permits in process of any kind on this site.

 

[ChesterCopperpot]

Asking price is $8.8 million smackeroos!

https://www.realtor.ca/real-estate/26087338/2720-danforth-ave-toronto-east-end-danforth

Sold at a good discount on that - not quite a 50% reduction.
Markee

 

[DevDudeToronto]

Sold at a good discount on that - not quite a 50% reduction.
Markee

It sold finally? Any details available?

 

[ProjectEnd]

The Leon’s to the east of this site was for sale as well but it doesn’t seem to be listed anymore. 2870 - 2872 was listed with cbre. Not sure if it sold. Notice was required by Nov 1 2023 if they planned to terminate the lease with Leon’s. I know this isnt the right place to share this but there doesn’t seem to be a post in UT for this.

There was a planned assembly there. Seems to have gone dead as Leons bought it.

 

[Technical Difficulties]

There was a planned assembly there. Seems to have gone dead as Leons bought it.

Thanks for the update. I suspect it was an assembly with the hair school next door. Moot point now … appreciate the insight.

 

[ProjectEnd]

Thanks for the update. I suspect it was an assembly with the hair school next door. Moot point now … appreciate the insight.

This is correct, yep.

 

[ProjectEnd]

Sold at a good discount on that - not quite a 50% reduction.
Markee

$5.5M

@interchange42 / @Paclo - thread title change?

 

[Technical Difficulties]

I missed this was Markee who bought the site. Some of their other projects show well, so hopefully the put forward a meaningful design for the area. It would really help to kickstart the revitalization on the North side of Danforth, and could also be a good media story assuming they are looking at a quality mid-rise product. Lots of high-rise competition across the street, so if people are looking for a transit adjacent midrise option, this could be a great pick. Regardless, it will be precedent setting for the area on the North side of Danforth, so hopefully the get it right.