Lifetime & CentreCourt Tie Down Prime Financial District Site

Lifetime Developments & CentreCourt Developments are set to team up once again following their enormous success at Karma Condominiums.  Urbanation confirmed earlier today that the site at 66-70 Temperance (south of Queen & Bay) has been purchased by CentreCourt Developments for $39 million.  Early reports suggest that CentreCourt will be teaming up with Lifetime for the new condominium.

We made a prediction last year that CentreCourt would become one of Toronto’s hottest developers, and in their first year of operation will have successfully launched three of Toronto’s most sought after condominiums (Peter Street, Karma and 66-70 Temperance).  The company, founded by Andrew Hoffman (former COO of Menkes Developments) are quickly making a name for themselves for AAA locations and high quality buildings.

CentreCourt & Lifetime to team up again following the enourmous success of Karma Condominiums at Yonge & College

Their partners in crime, Lifetime Developments continue their streak of being the “top dog” in the Toronto Condominium scene.  Last year they celebrated three incredible projects (The Yorkville, The Bond and Karma) and also celebrated the topping off of their luxurious Four Seasons Private Residences.

The site at 66-70 Temperance has a lot of history.  The site was originally owned by Harry Stinson as the site for “Sapphire Tower” and had proposed a 90 storey tower which was shot down by the city.  The tower would have been the tallest in Toronto.  The site was then sold to Skyline International for the proposed “Canada Tower” which never got off the ground for a variety of reasons.

Harry Stinson’s 90 Storey Sapphire Tower on the same site never got approved

With two of Toronto’s top developers now owning the site at Temperance, we can’t wait to find out what they have in store!

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