April 20, 2020

PBC Increases Ownership in Gladstone Station Mixed-Use Development

April 20, 2020

PBC Real Estate Advisors Inc. increased its ownership in the planned mixed-use development located at Gladstone Ave. and Loretta Ave. through the purchase of 50% of Trinity Development Group’s (Trinity) interest in the project. The remaining 50% of Trinity’s interest was acquired by CLV Group (CLV), PBC’s other partner in the project.

Following the ownership changes, PBC and CLV each own 50% of the development, which is located directly beside the Trillium O-Train transit line. The proposed development will contain three residential towers with heights ranging from 30-35 storeys and comprising 745 units, along with vast retail and office space.

PBC and CLV are currently working through the zoning and entitlement process to prepare the land for development.

Share This