The envisioned development for this site is a 53-storey, 488,402 SF residential tower atop a 6-storey podium, containing 756 residential units. Given the property’s excellent location, the future development will benefit from high and fast absorption rates. Situated in the vibrant Yonge-Bay Corridor of downtown Toronto, the Property is surrounded by iconic landmarks, world-class shopping, dining, and entertainment, including the Eaton Centre, City Hall, and Toronto Metropolitan University. Its prominent frontage along Bay Street and Dundas Street West positions it as an ideal site for a landmark residential development that complements the area’s amenities. The Property also boasts excellent connectivity, with Yonge-Dundas TTC Subway Station just a 4 minute walk east, St. Patrick subway station 5 minutes west, and an adjacent streetcar stop providing access to Yonge-University line (Line 1) and Bloor-Danforth line (Line 2).