Pinemount Developments Ltd. and Elysium Investments have partnered on a 1.78-acre site located in Emery Village, Toronto, at 3406-3434 Weston Road. The development site currently hosts a single-storey commercial plaza that is projected to give way to a mixed-use, multi-tower complex in the near future.

In a joint press release, Pinemount and Elysium said they are “looking forward to leveraging each other’s extensive experience in acquiring and developing multifamily assets across Ontario, to yield a development site that will serve the emergent housing and commercial space demand from the near-complete Finch West LRT line—a transit system that will unlock travel options for thousands of residents in northwest Toronto, cutting down commute times and increasing travel reliability.”

Emery Village at Finch and Weston Road is Canada’s largest Business Improvement Area (BIA), founded in 2003. Home to approximately 3,200 businesses and over 28,000 full and part-time employees, land-uses in Emery Village include retail strip malls and  industrial/institutional uses to the north and south of the main intersection.

Pinemount Developments Ltd. is a Toronto-based real estate development and management firm focused on delivering quality multifamily residential mid- to high-rise buildings in the southern Ontario market, specifically Barrie, Guelph, Hamilton, North York, and the Greater Toronto Area.

Elysium Investments owns and develops real estate in Canada with a focus on identifying and unlocking land and development values, at or within close proximity to key transit nodes and public amenities within select primary and secondary markets in Southern Ontario.