Choice Properties Real Estate Investment Trust and The Daniels Corporation Join Forces to Create a Transformative Development in Scarborough’s Golden Mile Neighbourhood

·3 min read

Partnership to introduce first-of-its kind ‘Golden Mile Community Innovation District’, embracing community-based approach to development

On Tuesday, March 30th, Choice Properties Real Estate Investment Trust and The Daniels Corporation will be making an important announcement regarding a new partnership to revitalize and redevelop phase one of the Golden Mile Shopping Centre in Scarborough. Together, they plan to transform the site into a mixed-use, mixed-income, multi-generational and transit-oriented community adjacent to the new Eglinton Crosstown LRT.

Members of the media are invited to attend a virtual press conference and be among the first to learn more about this exciting redevelopment and the unique cross-sector collaborations underway to create a first-of-its-kind Community Innovation District within the Golden Mile neighbourhood in Scarborough.

WHO:

Rael Diamond, President and CEO, Choice Properties REIT

Michael Thompson, City of Toronto Deputy Mayor and Councillor, Ward 21, Scarborough Centre

Galen G. Weston, Chairman and CEO, George Weston Limited

Mitchell Cohen, President and CEO, The Daniels Corporation

Wisdom Tettey, Vice-President and Principal, University of Toronto Scarborough

Dr. Craig Stephenson, President and CEO, Centennial College

Cynthia du Mont, Executive Director, West Scarborough Neighbourhood Community Centre

Larry Whatmore, President, Scarborough Community Renewal Organization

DATE:

Tuesday, March 30, 2021

TIME:

3:00 EDT

To join the press conference, please RSVP by Monday, March 29th to receive the event livestream URL. In lieu of a Q&A period, interview availability will be provided following the event. Please reach out to the media contact below to coordinate.

About Choice Properties Real Estate Investment Trust

Choice Properties (www.choicereit.ca) is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties. We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

About The Daniels Corporation

The Daniels Corporation (www.danielshomes.ca) is one of Canada's pre-eminent builders/developers, building more than 30,000 new homes across the Greater Toronto Area for over 37 years. Daniels is the developer of TIFF Bell Lightbox and the City of the Arts community on Toronto’s East Waterfront. Among its many initiatives, Daniels was chosen to partner with Toronto Community Housing to revitalize 53 of the 69 acres in Toronto's Regent Park. Understanding that quality of life is created by much more than physical buildings, Daniels goes above and beyond to integrate building excellence with opportunities for social, cultural and economic well-being. As part of this effort, Daniels is committed to integrating affordable homes into its communities across the GTA through innovative programs and partnerships with non-profit organizations to help address significant affordable homeownership and rental needs in today’s market.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210324005293/en/

Contacts

Gwen McGuire
Kaiser & Partners
416-948-6500
gwen.mcguire@kaiserpartners.com