23 St. Thomas Street

Purchased in 1995, 23 St. Thomas Street is located in Yorkville, one of Toronto’s most prestigious residential and retail nodes.  The 70” by 110” block of land is situated directly across from the Windsor Arms Hotel, steps away from Bloor Street, Toronto’s premiere high-end retail hub. Terracap increased the density of the property and changed the use to mixed-use residential and commercial. The company then further developed, marketed and sold approximately 38,000 square feet (25 units) of luxury high-end condominiums between 1995 and 2000. In addition, Terracap developed, leased and retained 4,300 square feet of prime ground-level retail space, which in the past have included such prominent national tenants as Cartier and Uggs Boots.