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Cadillac Fairview Confession: Should Have Purchased More Land in Toronto Core

CEO John Sullivan Says There Is No More Land Downtown, Didn't See Vacancy Rate Dropping So Quickly
Cadillac Fairview purchased the land for its $800 million office tower project at 160 Front St. W.,where construction began this week. Rendering: Cadillac Fairview
Cadillac Fairview purchased the land for its $800 million office tower project at 160 Front St. W.,where construction began this week. Rendering: Cadillac Fairview
CoStar News
April 26, 2019 | 2:25 P.M.

It's a strong admission from the chief executive of Toronto's largest taxpaying landlord, but John Sullivan knows in hindsight Cadillac Fairview should have bought even more land in the city's downtown when it had the chance.

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