Construction is under way on a 257,000-square-foot mixed-use development near Scott Street in Westboro.
Real estate investors BridgePort Developments and Fiera Properties have partnered on the development at 319 McRae Ave. with Broccolini Construction, which is also the general contractor on the project.
The development will feature a six-storey office building attached to an eight-storey rental apartment complex through a podium that will have retail space.
“Our goal is to create a best-in-class mixed-use development,” BridgePort president Hugh Gorman said in a news release. “This is the first development that incorporates office, retail and purpose-built rental apartments that is transit-oriented and includes a full Brownfield remediation.”
Alterna Savings and The Pythian Group have already leased 85 per cent of the 115,000-square-foot office tower.
The apartment building will have 138 units and is intended to compete with nearby condos. There will also be 36,650 square feet of retail space.
The development is part of a larger vision, dubbed the Westboro Collection, to construct a variety of buildings in the area that would include residential, commercial and office space.