Stanley Greene is a large neighbourhood on the west side of Downsview Park along Keele Street in North
York. This community was designated for development as part of the Downsview Park Secondary Plan,
which aimed to master plan a number of communities in and around Downsview Park as part of the
redevelopment and intensification of this area. The 12.27-acre block was draft plan approved for 225
townhouse units with a mix of traditional townhomes and stacked townhomes. Included in these 225 units
was a requirement for 23 affordable housing units.
Our team was retained on behalf of the Canada Lands Company (“CLC”) on an exclusive basis to
manage the sale process for this well located residential development property. We tailored a marketing
program based on the requirements of CLC that highlighted the most attractive features of the site. We
marketed the property unpriced and had an offer submission date for bids.
In 4 months we were awarded the listing, brought the property to market, completed negotiations and
due diligence, and closed the transaction. We received 8 bids on the property from prominent Toronto
developers. Our team of experts worked with CLC, provided recommendations and assisted in completing
the transaction with the Goldman Group and Stafford Homes who purchased the site for $32 Million.
The Goldman Group and Stafford Homes began sales of their Downsview Park City Towns project in late
2016 with occupancy expected in 2020.