RGF Real Estate Fund L.P. announces the acquisition of future development lands fronting McCowan Road just south of Elgin Mills Dr., east of Markham.
Of the 215 total acres, approximately 165 acres are anticipated for low-rise development.
News
Keeping you updated on recent HBNG announcements.
5607-5609 Yonge St (Toronto)
RGF Real Estate Fund L.P. announces its purchase of 5607-5609 Yonge Street on the North East corner of Yonge St. and Finch Ave. E. in Toronto. This 0.5 acre site is designated as a mixed-use and is located within the North York Centre Secondary Plan.
This site is currently occupied by a bank and is a prime location for a residential high-rise condominium incorporating retail and commercial mixed use space .
This project has been purchased in partnership with Muzzo Group, one of Canada’s most diversified developers and builders.
8 Elm Street (Toronto)
RGF Real Estate Fund L.P. announces the acquisition of a three-storey “heritage” office building at 8 Elm Street in Toronto. It is designated as a mixed-use area in the City of Toronto’s Official Plan and ideally located just north of the Yonge and Dundas intersection.
This site is a prime location for a high-rise condominium either with or without the incorporation of the adjacent properties.
This project has been purchased in partnership with Muzzo Group, one of Canada’s most diversified developers and builders.
The current proposal has an 80-storey residential tower sitting atop the retained three-storey facade of the designated heritage building currently occupying the site.
Lower Base Line West
RGF Real Estate Fund L.P. announces the acquisition of 94 acres of development land located at 1148 Lower Base Line W., Milton, immediately outside of the Milton Phase 4 urban expansion lands.
This site is expected to be included in Halton Region’s next boundary expansion, thus making it available for development.
This project has been purchased in partnership with The Remington Group, one of Canada’s most respected developers.
Queen St. E. & The Gore Rd, Brampton
HBNG Holborn Group announces development land located on Queen Street East at The Gore Road, City of Brampton.
The site is currently vacant and adjacent a Natural Heritage System and is served by three bus services including a Zum Rapid Transit Route to York University. The area includes a wide range of retail and commercial facilities within a 10-minute walk, including a convention centre and hotel directly across the street.
The concept plan proposes 276 new low-rise residential units, comprising 152 townhouses and 124 detached units. The plan also includes a medium density high-rise residential building with ground related commercial uses.
Other uses include a Park, SWM Pond amenity area and a 7.66 acre office employment block with direct frontage on Queen Street East.
This project is being developed in partnership with TACC Developments and is estimated for a Fall 2017 market release.
2016 Annual General Meeting
RGF Real Estate Fund Limited Partnership held its first Annual General Meeting on June 7th, 2016.
The meeting was chaired by HBNG Chief Executive Officer, John D’Angelo and was held at The National Club in downtown Toronto.
As well as conducting traditional orders of business Mr. D’Angelo reviewed the 2015 RGF highlights and presented his investment opportunities and strategies for 2016.
Announcement of Land Sale
HBNG Holborn Group announces that the RGF Real Estate Fund L.P. has sold the entire 40 acre State Crown Centre lands. The closing occurred on March 16, 2016.
Commenting, John D’Angelo, HBNG CEO said: “While not part of our core strategy, these lands yielded a significant return to investors. We believe this will also prove to be a good investment for the purchaser.”
CityLights on Broadway
The RGF Real Estate Fund L.P. announces its investment in CityLights on Broadway in one of Toronto’s most sought after neighbourhoods.
This Pemberton Group development will consist of two 34-storey residential towers sharing a 7-storey podium. With over 75 percent of the 900 plus units already sold, construction is scheduled to commence in the spring/summer of 2016. For more information see citylightscondos.ca
State Crown Centre
The RGF Real Estate Fund L.P. has acquired prime development property ideally situated in the north east corner of Toronto.
This 40 acre site at the intersection of Markham Road and Steeles Avenue is surrounded by already developed lands anchored by a Walmart and Lowe’s to the east and a Shoppers Drug Mart to the west. The first 20 acres is slated for over 216,000 sq. ft. of commercial and retail development.
Mayfield West
RGF Real Estate Fund L.P. announces the acquisition of development land located in Caledon, Ontario within the Mayfield West Secondary Plan.
Part of the Rural Service Centre of Mayfield West, these lands are seen by the Town of Caledon as a compact, vibrant, well integrated community through a series of phased settlement boundary expansions.
The project is being managed by joint-venture partner Mattamy Homes, Canada’s largest home builder.