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The Building - Lawrence Park - 2741 Yonge Street
In 1989, Terracap purchased an old Hudson Movers Warehouse with 200 feet fronting Yonge Street between Eglinton & Lawrence.The depth of the land was 50 feet.Terracap secured a second block of land through a joint venture partner just south of the first purchase with a land area of 200 feet by 200 feet. The Company rezoned the property into mixed use commercial and retail in one of Toronto’s premiere residential neighbourhoods.
As part of the joint venture deal, Terracap’s partner developed and sold the condominium project and Terracap retained 12,500 square feet of retail space fronting Yonge Street as well as 55 underground parking spaces.Terracap continues to hold and manage the retail and parkade on behalf of its investors.