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.