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Toronto's Celestica Site Finally Trades for Almost $350 Million

Original Developers Sold Majority Stake in 60-Acre Project Where Nearly 5,000 Home Are Planned
Celestica has sold its 60-acre site, where a 5 million-square-foot development is expected to rise. Illustration: DiamondCorp
Celestica has sold its 60-acre site, where a 5 million-square-foot development is expected to rise. Illustration: DiamondCorp
By Garry Marr
CoStar News
March 15, 2019 | 2:15 P.M.

It took almost four years for the deal to close, but one of the largest developments in Toronto history – expected to deliver close to 5,000 homes over the next seven to 10 years – is finally ready to kick off with the sale of 60 acres of land by electronics manufacturing services company Celestica.

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News | Toronto's Celestica Site Finally Trades for Almost $350 Million