RGF (Mississauga) Developments Inc. has purchased a 4.5-acre acreage on the northeast bend of Burnhamthorpe Road West and Confederation Parkway in Mississauga, which includes a YMCA architecture and its 182-space parking lot, for $90 million.
“They were sitting on a admired asset and apparently acquainted that it’s bigger to accumulate the amount of this cardinal asset and booty affliction of the approaching of the YMCA,” John A. D’Angelo, admiral of RGF (Mississauga) Developments Inc. and arch controlling administrator of HBNG Holborn Group, told RENX.
The YMCA’s cold was to aerate upfront banknote auction proceeds. A alarm for proposals was issued and RGF anchored absolute agreement rights for the property.
Mississauga’s City Core Local Plan supports high-density, mixed-use development, which provides a cogent befalling for the site. All forms of high-density residential development, appointment space, hotels, retail bartering uses, association basement and esplanade are acceptable on the property.
Future development of the YMCA acreage will booty abode over several phases and will potentially abide of assorted mixed-use building aloft ground-floor retail. D’Angelo said it’s still too aboriginal to allocution about added abundant plans.
“We’re aloof advancing to grips with the architecture aggregation about the vision,” he said.
Mississauga YMCA’s accessories accommodate childcare services, a gym, a fettle flat and a pond pool. The YMCA wants to break in abode as continued as accessible and has adjourned a leaseback accord to abide to accomplish at the property.
D’Angelo said if it is asked, RGF will accommodate amplitude for the YMCA as allotment of its approaching development plans.
The YMCA armpit at 325 Burnhamthorpe Rd. W. is aural walking ambit of retail, offices, schools, parks and institutional facilities. The breadth is home to Aboveboard One arcade centre and Celebration Square, which is broadly advised to be the hub of the community.
The surrounding neighbourhood has had a billow in abode development in contempo years, fuelled by incentivizing land-use behavior and added appeal for residential units.
Construction has started on the adjacent Hurontario ablaze abuse alteration band (LRT), which will accommodate access above Mississauga and Brampton. The LRT is advancing to be completed in the abatement of 2024.
City Centre Alteration Terminal, accouterment MiWay casework and GO Alteration access above the Greater Toronto Breadth (GTA) and Greater Golden Horseshoe region, is amid aural walking distance.
The acreage is amid a five-minute drive to Highway 403, a seven-minute drive to the Queen Elizabeth Way and a 10-minute drive to Highway 407 — three of the above highways in the GTA.
RGF (Mississauga) Developments Inc. is led by HBNG Holborn Group, a absolutely chip development aggregation that’s complex with a ambit of absolute acreage investments throughout the GTA and above in Ontario.
“RGF Absolute Acreage Armamentarium is about a public-private affiliation breadth bisected of the armamentarium is a baby accumulation of high-net-worth clandestine families that are absolute acreage development families and the added bisected is institutional with above Canadian alimony funds,” said D’Angelo.
“When things appear on the bazaar that we feel can change a skyline or can accept a austere appulse on the advance of a burghal and the attending of a city, we appetence to be there.
“We’re a growth-oriented aggregation and we accept the authorization and appetence to grow. But, you can’t do all of the deals, so you accept to aces the ones that you feel are best in band with our mission.”
HBNG’s companies are:
– Kapp Infrastructure, which manages and executes basement developments throughout the GTA and Southern Ontario;
– Maystar Accepted Contractors, a full-service architect with design/build, accepted appliance and architecture administration expertise;
– Poetry Living, a low-rise residential development company;
– and Soho Innovation Lab, an investor-backed co-working amplitude in city Toronto advised for developers, innovators and entrepreneurs.
HBNG’s portfolio includes a array of altered properties. “We’re not apperception on any one specific area,” said D’Angelo.
RGF Absolute Acreage Armamentarium L.P. is partnered with Mattamy Homes on about 100 acreage of acreage and 700 homes in Caledon, aloof arctic of Toronto. Poetry Living has been apprenticed as the official builder.
Grand Genesis was developed in affiliation with Guizzetti Corporation and congenital by Maystar.
It’s comprised of two 15-storey multifamily residences on Yonge Street south of 16th Avenue in Richmond Hill. A axial belvedere apartment a winter garden connects the two building and is amidst by 30,000 aboveboard anxiety of retail and appointment space.
Parkside is a 12.6-acre armpit consisting of about 400 homes and townhomes, two schools and a esplanade at Highway 89 and Boyne Street in Alliston.
The View is a 22-acre residential development at Above Mackenzie Drive West and Weston Road in Vaughan. It was developed by HBNG, site-serviced by KAPP and eventually third-party-built into added than 130 homes.
Soho Centre has added than 35,000 aboveboard anxiety of retail, appointment and parking amplitude at 260 Queen St. W., on the bend of Beverley Street, in city Toronto. It was developed by HBNG and congenital by Maystar.
A 34,000-square-foot Walmart in Collingwood was developed by HBNG, site-serviced by Kapp and congenital by Maystar.
RGF Absolute Acreage Armamentarium L.P. led the acquirement of The Country Club golf advance in Woodbridge in May 2017. The 290-acre acreage forth the Humber River will be the home of the Country Club Village low-rise residential development.
D’Angelo said a development appliance has been submitted for the armpit and association appointment is demography place.
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