A joint venture between Cameron Stephens Equity Capital, Originate Developments and Westdale Properties will bring 655 units of new housing to the Yonge & Rosehill neighbourhood, south of St. Clair in Toronto.

Set on a half-acre site, the design for a 50-storey high-rise condo includes a six-storey podium clad in warm brown and brown-tinted glazing. Developers say the proposal was submitted in May, with the land acquisition closing in July.

Cameron Stephens Equity Capital now has more than 2,100 total residential units under development. With $1.9 billion of total project revenue and a substantial pipeline of new units already coming to market across multiple projects, the firm plans on further expanding their portfolio through new partnerships and site acquisitions.

To support the advancement of the Yonge and St. Clair proposal, Cameron Stephens Equity Capital leaned on its advisory board — an instrumental element of its rigorous deal evaluation and nimble capital deployment processes — as well as its strong existing relationships with Originate Developments and Westdale Properties.

“Cameron Stephens Equity Capital have been a valuable partner, allowing Originate Developments to deliver on our mission of building better housing guided by exceptionally high standards,” said Adam Sheffer, president and co-founder of Originate Developments. Now, along with Westdale Properties, we are well-positioned to bring another 655 new housing units to Yonge and St. Clair.”