1680 Brimley Rd, Toronto, Ontario, M1P 2Z6

Description

1680 Brimley Road, Scarborough is a fully approved, multi-tower development site at the southwest corner ofBrimley Road and Progress Avenue, immediately west of Scarborough Town Centre. Ontario Land Tribunalapprovals permit up to 1,509,100 SF of residential GFA across four residential towers up to 47 storeys,with approximately 1,591 units, retail, childcare, and a POPS-positioning the asset as a turn-keyopportunity of scale.The Site benefits from Phase 1 Site Plan Approval and Phase 2 is currently under review. Located within theScarborough Centre Secondary Plan area and proximate to the Scarborough Subway Extension, the Site pairsinstitutional-grade entitlement with transit-oriented growth. Offered by TDB Restructuring Limited, Court -Appointed Receiver, on an as-is, where-is basis, 1680 Brimley Road provides execution flexibility across cycles,with rental-led phasing and alternate use pathways enhancing downside protection while preserving long-term value.A rare chance to secure approved density in one of Toronto's fastest-evolving urban nodes. Site Pland Phase 1(Approved): Includes Towers 1 & 2 (38 and 40 storeys), 904 rental units and a shared podium, which are locatedalong the west side of the property. Site Plan Phase 2 (Future): Includes Towers 3 & 4 (up to 47 storeys), the retailspace, a daycare facility, and a central public plaza (POPS). An update to the Public Art Plan must be submittedbefore the first above-grade building permit for Phase Two can be issued. Please be advised that bids are due Thursday, March 26th by 5PM EST.