Minto Capital announced it is moving ahead with a new rental project at 39 Niagara Street, on the corner of Bathurst and Front in downtown Toronto.

The project consists of 501 rental units, 54,700 square feet of retail space, and more than 25,000 square feet of indoor/outdoor amenities. With its superior location and amenity package, the new rental project is expected to attract residents looking for high quality, full service living arrangements.

“39 Niagara offers significant living value in the downtown Toronto market for future residents,” said Rob Pike, President of Minto Capital. “As the investment management arm of The Minto Group, Minto Capital is well positioned to continue to identify investment opportunities that will drive solid returns for our investors.”

While 39 Niagara is being offered as an apartment and retail development opportunity, the site also includes 690 condominium units as part of the Minto Westside building at 27 Bathurst (currently 99% sold).

Construction is underway with occupancy expected in July 2019 for the rental units.