Toronto-based developer Carlyle Communities has put the south phase of its two-tower task in the Junction neighbourhood on the market, according to a sales brochure gotten by STOREYS.The task is set
for 6 Lloyd Avenue, a 2.6-acre website at the crossway of Lloyd Avenue and Mulock Opportunity, just south of St. Clair Avenue West and the future St-Clair-Old Weston Station planned as part of the UP Express Line.The residential or commercial property is held by Berkley Carlyle(Junction)Limited Partnership under Berkley Carlyle (Junction) Inc., and Carlyle was initially preparing a mid-rise condo project that was granted approval in 2022, but things altered.”Carlyle quickly pivoted when both the City and Province moved the
appropriate policy and legislation landscape weeks before a prepared sales launch,”Carlyle’s site states. 6 Lloyd Avenue and the future St. Clair-Old Weston Station.(TD Foundation)” The reversal paid off with the OLT’s decision in June 2024 to authorize the advancement on site of
two 35 and 28 storey towers, 12 storey mid-rise podium and different 5 floor store office complex.”All in all, approved for the general website is 629,457 sq. feet of residential flooring area– 909 units– and 16,146 sq. feet of commercial floor
location for a total gross flooring area of 645,603 sq. ft., plus 354 parking stalls.”Carlyle identified back in 2017 that the Junction would soon turn into one of Toronto’s crucial development markets. As uninhabited land, Carlyle anticipated the ideal chance to reimagine 6 Lloyd Avenue as a brand-new transit-oriented domestic advancement and got it that same year. “< img alt =""height="1270"src="// www.w3.org/2000/svg'%20viewBox='0%200%201556%201270'%3E%3C/svg%3E"width="1556"/ > Project data for 6 Lloyd Opportunity.( TD Foundation)The Listing In late-April, nevertheless, the south phase of the task– the 413-unit 28-storey tower
— was listed for sale by Ashley Martis, David Bloomstone, Alexandra Henderson, and Jason Lay of TD Cornerstone Commercial Real estate Inc., according to the sales brochure, which kept in mind that the vendor plans to deal with the buyer to finish the severance for the south stage so the land title can be communicated free and clear.Address: 6 Lloyd Avenue, Toronto Buildable Gross Flooring Location: 286,498 sq. feet Residential Units: 413 Height: 28 floors Cost: Unpriced Listed By: TD Foundation(Ashley Martis, David Bloomstone, Alexandra Henderson, and Jason Lay )”A maximum
in either tower, and a personal daycare with a minimum size of 5,382 sf in either tower,”the pamphlet likewise keeps in mind.”The site is [inclusionary zoning] exempt due to previous Site Strategy Applications made in 2021 and 2024, however, the existing principle including two independent towers without a shared podium will require an upgraded day spa submission and land severance. These future applications will permit a prospective buyer to improve their own vision for the Website. It is noted the existing proposed idea totals 645,603 sf of GFA which offers density advantage must a prospective buyer pick to develop out the full 850,348 sf of authorized density on the Site.” TD Cornerstone also notes that the project will benefit from a number of policy changes made in recent years. The project can benefit from the removal of GST on purpose-built rental, and the current decrease of development charges by 50%will result in an estimated$8.1
million in savings for the south stage.” These procedures directly lower all‑in project costs, enhance yield‑on‑cost metrics, and support more competitive underwriting assumptions– particularly for large‑scale, transit‑oriented, mixed‑use developments.”