Observer Walt
Senior Member
The DeBoer's store at the southeast corner of Yonge and Hillcrest has been sold. The purchaser is First Capital Realty, a developer of neighbourhood shopping centres, usually in the 50,000 to 75,000 sq. ft. range.
I don't know what their plan is for this site. In this location, a retail plaza is unlikely. The more likely development would be either a condo or an office tower, although these are not what First Capital has been known for.
The sale price was $14 million. At 30,800 square feet of site area, that's $455 per square foot.
I don't know what their plan is for this site. In this location, a retail plaza is unlikely. The more likely development would be either a condo or an office tower, although these are not what First Capital has been known for.
The sale price was $14 million. At 30,800 square feet of site area, that's $455 per square foot.