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SmartCentres Makes Progress on Site Assembly for Proposed 60-Storey Tower in Downtown Toronto

Real Estate Firm Acquires Heritage Building With Redevelopment Plans at Corner of Yonge and Wellington
SmartCentres Real Estate Investment Trust finalized its purchase of a historic three-storey office building at 51 Yonge St. shown at left as part of a site assembly along with the neighboring property at 49 Yonge St. at center. SmartCentres REIT's residential affiliate, SmartLiving, has proposed constructing a 60-storey mixed-use building at the corner of Yonge and Wellington streets in Toronto’s Financial District. (CoStar)
SmartCentres Real Estate Investment Trust finalized its purchase of a historic three-storey office building at 51 Yonge St. shown at left as part of a site assembly along with the neighboring property at 49 Yonge St. at center. SmartCentres REIT's residential affiliate, SmartLiving, has proposed constructing a 60-storey mixed-use building at the corner of Yonge and Wellington streets in Toronto’s Financial District. (CoStar)
By Philippe Evans
Research
March 29, 2024 | 4:35 P.M.

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An affiliate of SmartCentres Real Estate Investment Trust closed on the acquisition of a historic office building at 51 Yonge St. built in the mid-1800s from seller Halmont Properties Corp.

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