Developments

Since inception in 1996, H&R REIT has developed numerous properties including; The Bow and Transcanada Tower in Calgary, AB, the Bell Canada and Bell Mobility Campus in Mississauga, ON, various industrial properties across the GTA and the recently completed Jackson Park, in Long Island City, NY. Currently, H&R has a substantial development pipeline of properties located in both Canada and the United States.

River Landing

  • 346,000 sf of retail space, 149,000 sf of office space and 528 residential rental units
  • Commercial construction completed in Q4 2020 and Residential construction is expected to be completed in Q1 2021
  • Expected total cost of project: U.S. $495.9M
  • H&R Ownership Interest: 100%
  • Residential - https://lantowerriverlanding.com
  • Retail - http://riverlandingmiami.com
  • Video: link

The REIT’s largest current development project is River Landing, an urban in-fill mixed use development site in Miami, FL, which is adjacent to the Health District with approximately 1,000 feet of waterfront on the Miami River, two miles from downtown Miami. Retail occupancy was 65.3% as at December 31, 2020, which includes the following major tenants: Publix Super Markets Inc., Hobby Lobby, Burlington, Ross Stores Inc., Old Navy and Planet Fitness. Committed occupancy for retail space as at December 31, 2020 was 80.3% with the remaining retail lease-up expected to occur during 2021. The REIT is continuing negotiations with multiple parties on the office space. As at December 31, 2020, 134 residential leases have been entered into and occupancy was 21.4%,.The total cost of the project is expected to be completed on budget at approximately U.S. $495.9 million of which $300.0 million was allocated to River Landing Commercial and the remaining $195.9 million has been allocated to the residential space.

River Landing Gallery

Shoreline Gateway

  • 35-storey residential tower consisting of 315 luxury residential rental units and 6,450 sf of retail space.
  • Construction has commenced and is expected to be completed by Q3 2021
  • Expected total cost of project: U.S. $227.1M
  • H&R Ownership Interest: 31.2%
  • https://www.shorelinegatewayliving.com/

Shoreline Gateway is a beachfront apartment high-rise community with panoramic ocean views located in Downtown Long Beach, California. It will be one of only two coastal high-rise apartment buildings built in L.A. County since the 1960’s, offering one of the most walkable locations in all of Southern California. As the tallest residential tower in the City, Shoreline Gateway will offer unparalleled 360-degree views of Long Beach, Catalina Island, Orange County and Downtown Los Angeles. Shoreline Gateway is the first LEED-ND (Neighborhood Design) project in the City of Long Beach.

Shoreline Gateway Gallery

Hercules Project (Phase 2)

  • 232 residential rental units
  • Construction has commenced and is expected to be completed by Q3 2021
  • Expected total cost of project: U.S. $98.4M
  • H&R Ownership Interest: 31.7%

Phase 2, known as The Grand at Bayfront is the second phase of the Hercules Project. It is situated on 2.8 acres and is located north/northeast of Phase 1 in Hercules Bayfront, overlooking Refugio Creek open space. This complex will have a state of the art fitness centre, bike shop, resident lounge and sporting club. Future phases will be announced as further development information becomes available.

Hercules Project (Phase 2) Gallery

The Pearl

  • 383 residential rental units
  • Construction has commenced and is expected to be completed by Q3 2021
  • Expected total cost of project:U.S. $72.2M
  • H&R Ownership Interest: 33.3%
  • https://thepearlatx.com/

Located in Austin, Texas, the Pearl sits on approximately 5.0 acres and will be 4-stories. The site is close to major technology employers including Apple, IBM, Oracle and Samsung as well as the University of Texas at Austin and downtown Austin.

The Pearl Gallery

Nightingale

  • 263 residential rental units
  • Construction has commenced and is expected to be completed by Q3 2021
  • Expected total cost of project: U.S. $95.7M
  • H&R Ownership Interest: 33.3%
  • https://livenightingale.com/

Located in Seattle, Washington, Nightingale is part of the Esterra Park master planned community which is adjacent to the Microsoft campus and the new Overlake Light Rail transit Station. Esterra Park includes over 2,600 new residential rental units in six different communities, a 246,000 square foot Class A high-tech office building, a 3-acre park, and a 285-room Westin Hotel.

Nightingale Gallery

Industrial Lands

  • Two industrial buildings totalling 183,009 square feet
  • Construction is expected to recommence in Q2 2021
  • Expected total cost of project: $29.4M
  • H&R Ownership Interest: 100%

Located in Caledon, Ontario, H&R owns 144 acres which is being held for development for up to 2.7 million square feet of industrial space. The site is located next to Highway 410 Interchange and is ideal for manufacturing or warehouse facilities. Construction was completed on the first of three buildings in Q4 2020 totalling 342,821 square feet and the property is fully leased to Trillium Supply Chain Inc. for 10 years which commenced in November 2020. The construction of the second and third building were temporarily suspended due to COVID-19 and are expected to recommence construction in Q2 2021.

Industrial Lands Gallery

Future Intensification Opportunities

H&R also has numerous office and retail properties which have significant future intensification opportunities.

Dufferin Grove Village

  • 4 residential towers ranging in heights from 14 to 39 stories consisting of 1,135 rental units and 75,000 sf of retail space
  • Official Plan Amendment and re-zoning application submitted in Q3 2019
  • Expected to receive re-zoning and site plan approval in Q4 2021
  • H&R Ownership Interest: 100%
  • http://www.dufferingrovevillage.ca

Dufferin Grove Village is H&R’s vision for the redevelopment of Dufferin Mall’s northernmost parking area, and it represents the creation of an urban and dynamic mixed-use neighbourhood, in one of Toronto’s most desirable neighbourhoods. This new community is in direct proximity to Dufferin Station on the TTC’s Bloor Line, and it introduces a mix of residential and commercial uses. The new project does not impact the existing mall, and in fact, is planned to enhance it by adding an additional 80,000 square feet of retail uses, as well as new loading, garbage and other services to modernize the existing and new retail offering. The west block is comprised of two residential buildings of 35 and 39 storeys, and the east block also has two residential buildings of 14 and 23 storeys. Combined, they will introduce approximately 1,135 residential rental units to the site.  In addition, a public park is also proposed which will act as a link between Dufferin Grove Village and the surrounding green spaces. Once complete, Dufferin Grove Village will offer our new residents fantastic access to public transportation, shopping, parks and other neighbourhood amenities.

Dufferin Grove Village Gallery

145 Wellington St. W.

  • 65-storey mixed-use tower consisting of 476 residential rental units, 157,500 sf of office and 1,750 sf of retail space
  • Re-zoning application submitted in Q3 2019
  • Expected to receive re-zoning and site plan approval in Q4 2021
  • H&R Ownership Interest: 100%
  • http://www.145wellington.com

145 Wellington St. W. is located at the interface between Toronto’s Financial District and Entertainment District. The redevelopment contemplates the demolition of an existing 13 storey office building and the construction of an architecturally significant, 65 storey tower with 476 residential rental units, 157,500 square feet of office space and 1,750 square feet of retail space. Of these residences, approximately 57% will be larger, family-oriented two or three-bedroom units.  The proximity to adjacent employment, entertainment, sports and numerous transportation options results in an unrivalled place to live, work and play. The tower will provide residents with spectacular views of the downtown core and Lake Ontario and will become a notable address to live and work.

145 Wellington Village Gallery

55 Yonge St.

  • 66-storey mixed-use tower consisting of 500 residential rental units, 146,000 sf of office and 12,000 sf of retail space
  • Rezoning application submitted in Q1 2021
  • Expected to receive re-zoning and site plan approval in Q4 2022
  • H&R Ownership Interest: 100%
  • http://www.55yonge.ca/

Located in the heart of Toronto’s financial district, directly adjacent to King Station on the TTC’s Yonge subway line, 55 Yonge is replacing an existing 13-storey and a five-storey office building, with a landmark 66-storey residential and office tower with retail uses on the first two floors. The building will include nearly 500 new residential rental units, and state-of-the-art offices that will respond to Toronto’s rapid growth while achieving a cohesive and contemporary high-rise design that makes a striking addition to Toronto’s skyline.

55 Yonge will feature purpose-built rental apartments, ranging from 450 sf one-bedrooms to multi-storey 2,000+ sf residences. The ten floors of office space are designed for the contemporary worker in a post-Covid world, supported by efficient layouts and a hospitality-driven environment at the street level. Both office and residential tenants will be able to access wellness amenities between the residential and office levels, including a spacious open-air terrace, a pool, a fully equipped gym and health-oriented programming, as well as boardrooms, informal meeting areas and services to support the offices below.

55 Yonge St. Gallery

310 Front St. W.

  • 69-storey mixed-use tower consisting of 550 residential rental units, 118,000 sf of office and 2,000 sf of retail space
  • Rezoning application expected to be submitted in Q1 2021
  • Expected to receive re-zoning and site plan approval in Q4 2022
  • H&R Ownership Interest: 100%

310 Front St. W. is located in Toronto’s Financial District and is in walking distance to many of the city’s main landmarks including, CN Tower, Metro Toronto Convention Centre, Rogers Center, Ripley’s Aquarium and more. The REIT submitted a Rezoning application for a 69-storey mixed-use development including retail, residential, and office uses. The development will replace the existing eight storey office building at 310 Front and will integrate into H&R’s larger office block which incudes 320 and 330 Front. The new development will activate the ground level with retail uses, replace the office density with modern amenities and add over 550 residential units in a tower above. This amenity rich neighbourhood will offer residents and commercial tenants extensive access to a wide variety of pedestrian friendly services and activities. Additionally, the downtown location of the site allows for excellent access to public transportation (GO, TTC and VIA) as well as the Waterfront and future Rail Deck Park directly across the street.

310 Front St. Gallery

3777 & 3791 Kingsway

  • Four mixed-used towers consisting of over 2,000 residential rental units and 44,000 sf of commercial area
  • Re-zoning application submitted in Q2 2020
  • Expected to receive re-zoning and site plan approval in Q4 2021
  • H&R Ownership Interest: 50%

As one of the largest parcels in Metrotown and located along the Kingsway Ridge, the site features exceptional views in all directions as well as strong visibility throughout the Fraser Valley. In June 2020, the REIT along with its partner, submitted a re-zoning application for the east and north portions of its 3777 & 3791 Kingsway sites in Burnaby, B.C. The proposal could add over 2,000 residential rental units in four mixed-use high density towers including retail and residential uses with approximately 1,800,000 square feet of residential area and 44,000 square feet of commercial area. The location offers strong connections to transit and bicycle infrastructure, with a 10-minute walk in both directions to the Expo SkyTrain (2 stations) with a 12 minute commute to downtown Vancouver on the Skytrain or a 40 minute bicycle commute. The site is also located directly across the street from Central Park in Burnaby, a 220 acre park. Central Park's primary attraction is the large proportion of its land reserved as a well-preserved temperature rainforest ecosystem, with numerous walking trails.

3777 & 3791 Kingsway Gallery