1087-1091 Yonge and 9 Price Street
Acquisition · Buyer Representation
Securing the impossible in Toronto's tightest submarket
In the most coveted submarkets, the best opportunities rarely reach the open market. Finding them takes relationships and timing.
Engaged by an established family office, Aura was given a deliberate, two-part mandate: secure vacant retail premises in the tightly held Rosedale-Summerhill submarket, ready for near-term occupancy by one of the family's portfolio companies, while positioning the underlying land for longer-term redevelopment.
It was a demanding brief. Rosedale-Summerhill is one of Toronto's most competitive submarkets, and assets suited to both immediate occupancy and future redevelopment are exceptionally rare — particularly during a period of dislocation in the land market.
Drawing on its network, Aura sourced an off-market assemblage that satisfied both objectives in a single, well-structured acquisition. We then negotiated the buyout of existing tenant leases to deliver vacant possession, clearing the way for the portfolio company to move in while preserving the long-term redevelopment upside the family was after.
The result was a rare outcome: a single transaction that met two very different goals, secured quietly and ahead of the competition.
The deal: $35M · 22,000 sq ft
Highlights
Sourced and negotiated an off-market land assemblage in one of Toronto's tightest luxury submarkets
Secured a vacant asset suited to immediate portfolio company occupancy, with long-term redevelopment optionality
Managed a complex due diligence process under tight timelines
What we did
Owner-occupier acquisition · market analysis · site selection · APS negotiation · due diligence management · lease buyout negotiation