A new six-storey, 110-unit apartment building is coming to College Avenue, with council unanimously approving the required official plan and zoning amendments on Monday. READ ARTICLE
TORONTO–(BUSINESS WIRE)–Pinemount Developments Ltd. www.pinemount.ca (“Pinemount”) today announced that on April 7, 2021, the Local Planning Appeal Tribunal of Ontario through a decision delivered by S. Tousaw and Order of the Tribunal, that the plan for redevelopment of the property located at 600 James Street North, Hamilton, Ontario and owned by a subsidiary company of Pinemount, into a 9 storey 55 unit multi-family residential building, contributes to the definition of ‘complete community’ and that all height, parking, and transition proposals made by Pinemount for the redevelopment of this property represents good planning in the public interest.
“Having worked closely with City staff through several iterations of our design to better align with the requirements of the community we were hopeful of a successful decision by the Tribunal”
The Tribunal also found that the redevelopment of the property as proposed by Pinemount conforms with official plan and zoning standards of the community, thus approving the proposed planned development in its entirety.
“Having worked closely with City staff through several iterations of our design to better align with the requirements of the community we were hopeful of a successful decision by the Tribunal” said Eli Turk, President of Pinemount.
About Pinemount Developments Ltd.
Pinemount Developments Ltd. is a Toronto, Ontario based real-estate development and management firm driven by the expertise of its core team and through personal attention and investment of the firm’s principals to focus on the significant long-term opportunities of the burgeoning rental housing market.
Pinemount is an active developer focused on delivering quality multi-family residential mid to high-rise buildings with rich amenities that enhance the living experience of its community members in the southern Ontario market. Current active projects are in the growth markets of Barrie, Guelph, Hamilton, as well as in North York, Greater Toronto Area.
More information is available at www.pinemount.ca.
Vice President, Acquisitions
Toronto-based PineMount Developments has completed one of the first new apartment building sales in the post-COVID-19 environment, divesting the 64-unit Ferndale Gardens in Barrie, Ont., for $24 million. READ ARTICLE