Land Assembly
SOLD
289-297 Balliol Street (6 Property Assembly)
Represented Sellers
Project Details
Menkes Developments Ltd. undertook a transformative land assembly project, bringing together six strategically located properties with
a combined frontage of 110 feet. The proposed development includes a striking condominium complex comprising 260 units across 28 stories.
Tal Group played a pivotal role in representing the sellers throughout the acquisition process.
Project Scope & Responsibilities
Highest and Best Use Determination
Conducted a thorough analysis to determine the optimal use of the assembled properties.
Neighbouring Owner Engagement
Initiated communication with neighbouring property owners to discuss potential collaboration and advised on the most suitable type of sale.
Community Meetings
Facilitated collaborative discussions among property owners, emphasizing transparency and shared vision.
Listing Presentation
Developed a comprehensive listing presentation to showcase the potential of the assembled properties.
Document Gathering
Collected essential documents, including surveys and property tax records, relevant to the subject lands.
Market Research
Identified and evaluated proposed lands with higher density in close proximity to ensure the project's competitiveness.
Conducted in-depth research on market conditions, past sales, land deals, and pre-construction sales.
Buyer's Package Creation
Compiled a detailed buyer's package to attract potential investors and developers.
Buyer Engagement
Discussed the sale opportunity with potential buyers, providing regular feedback to the sellers.
Offer Presentation and Negotiation
Presented compelling offers to potential buyers and skillfully negotiated terms to maximize value for the sellers.
Due Diligence Handling
Managed the due diligence process, including site visits, and navigated subsequent contract negotiations within tight time constraints.
Legal Documentation
Worked closely with legal representatives to organize and finalize all necessary documentation for a seamless transaction.
Project Details
Property Type
Condominium
Units
260
Floors
28
Builder
Menkes Developments Ltd.
Property Location
289-297 Balliol Street Toronto, ON
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