[SOLD] 150 Symes Road
Situated on a ravine, this contaminated and now derelict former incinerator and waste transfer station has recently been declared a heritage building, making it about as challenging a development deal as one can encounter. Build Toronto (now part of CreateTO) leveraged its extensive experience to assist one investor in realizing tremendous City-Building benefits. Read the full story here.
By providing financing through the creative use of a vendor takeback mortgage, we facilitated an opportunity for the purchaser to invest their capital funds into repurposing the existing 1930s heritage-designated art deco industrial building. It has now been redeveloped by Symesbridge Inc. Tenants and includes Junction Brewery at 16,000 sq. ft. and The Symes event space at 16,000 sq. ft.
DetailsMajor Intersection: St. Clair Avenue West and Weston Road
Surrounding Uses: Hydro corridor, industrial land uses and a low-density residential neighbourhood to the north; additional industrial properties to the east; a relatively new low density residential neighbourhood to the south; and an established low-density residential neighbourhood to the west.
Ward: 11 - York South-Weston
Councillor: Frances Nunziata
Site Area (acres): 5.5
Past Use: Former incinerator and waste transfer station
Proposed Use: Industrial
Official Plan - Land Use Designation: Employment Area
Planning and Staff Reports:
- Encourage adaptive reuse of the historical building
- Remediate the site
- Retain and expand employment uses
- Repurpose the underutilized, derelict property