In October 2014 Carlyle acquired 128 Peter Street, a former nightclub located at the southwest corner of Peter Street & Richmond Street West, within the vibrant and burgeoning Entertainment District. The acquisition was driven around Carlyle’s continued focus on acquiring prime real estate in the popular and growing neighbourhood. Since that time, Carlyle has gone on to assemble five additional properties generating a 17,500 sq. ft. development site in one of Toronto’s fastest growing neighbourhoods. The area has emerged as one of the most in-demand places to live, becoming a local “hot spot” for young professional to live largely as a result of its close proximity to the Financial District, many of the City’s best restaurants, bars, nightspots and performance venues.
Fortress Real Developments, Carlyle Communities and Berkley Developments have partnered on a high-rise development on the southwest corner of Peter and Richmond Street West in Toronto. The Peter and Richmond Land Assembly (PRLA) will feature a 46-storey condominium apartment tower designed by architectsAlliance with 345 units, with an average unit size of about 660 sf, and a targeted average price of approximately $400,000. The combination of a strong partnership, attractive pricing, innovative design and a location in the highly desirable entertainment district have this project poised for brisk sales and tremendous success.
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Century 21 Kennect Realty Inc., Brokerage, Independently Owned & Operated