Since inception in 1996, H&R REIT has developed numerous properties including Transcanada Tower in Calgary, AB, Jackson Park in Long Island City, NY, River Landing in Miami, FL and various industrial properties across the GTA. Currently, H&R has a substantial development pipeline of properties located in both Canada and the United States.
Current Development Projects
Lantower West Love, Dallas, TX
- 413 residential rental units
- Completed in Q3 2024
- Expected total cost of project: U.S. $105.7 million
- H&R Ownership Interest: 100%
Lantower West Love is located off of Mockingbird Lane with close proximity to Downtown/Uptown Dallas and other major thoroughfares including I-35E and Dallas North Tollway. Specifically, the 5.4-acre parcel is located adjacent to Dallas' medical district submarket which is home to several esteemed medical employment centers including Parkland Memorial Hospital, UT Southwestern and Children's Health Medical Center. The site also sits near Dallas Love Field Airport which is home to Southwest Airlines' headquarters. The site is also positioned within the walkable West Love mixed-use development with desirable retail and build-to-suit Class A office space. This development is 5-storey, wood-framed construction with a structured parking garage. Amenities include a transit lounge, media lounge, level 5 sky lounge, three courtyards (one with a swimming pool), co-work lounge and conference room.
Lantower Midtown, Dallas, TX
- 350 residential rental units
- Expected to be completed in Q4 2024
- Expected total cost of project: U.S. $104.1 million
- H&R Ownership Interest: 100%
Lantower Midtown is located adjacent to US Highway 75 with proximity to downtown Dallas and other major thoroughfares including I-635 and Dallas North Tollway. The 4.2-acre parcel is located within the Midtown Park submarket characterized by white-collar employment and desirable retail space including Preston Hollow (anchored by Trader Joe's), NorthPark Mall, and Shops at Park Lane (anchored by Whole Foods). The site is surrounded by some of the city’s most affluent and sought-after neighborhoods. This development is a 5-storey, wood-framed construction with a structured parking garage. Amenities include a clubroom, co-work lounge, level 5 sky lounge and courtyard with plunge pool.
6900 Maritz Dr., Mississauga, ON
- Industrial building totaling 122,367 square feet
- Expected to be completed in Q1 2025
- Expected total cost of project: $43.6 million
- H&R Ownership Interest: 100%
6900 Maritz Drive is a 6.0 acre site in Mississauga, ON, located next to Toronto Pearson International Airport and in close proximity to access points on the 410, 401 and 407 Highways. In January 2024, H&R received approval from the City of Mississauga to replace the existing 104,689 square foot office building on the property with a new 122,367 square foot industrial building. The building can accommodate both single and multiple tenants and includes sustainability elements such as EV charging stations, solar panel readiness, and is targeted to achieve LEED Gold certification.
560 and 600 Slate Dr., Mississauga, ON
- Two Industrial buildings totaling 470,212 square feet
- Construction mobilization is completed and expected completion is Q3 2025
- Expected total cost of project at H&R’s ownership interest: $66.3 million
- H&R Ownership Interest: 50%
560 & 600 Slate Drive is a 26.6 acre site in Mississauga, ON, located next to Toronto Pearson International Airport and in close proximity to access points on the 410, 401 and 407 Highways. H&R has a 50% managing ownership interest through a partnership. The partnership through which H&R owns its interest submitted a Site Plan Approval application in 2022 to develop two single storey industrial buildings totaling 309,727 square feet and 160,485 square feet respectively. Both buildings have been designed with flexibility such that they can accommodate either single or multiple tenants. Both buildings will feature sustainability elements such as EV charging stations, solar panel readiness, and are targeted to achieve LEED Gold certification.
Future Intensification Opportunities
H&R also has several other office properties which have significant future intensification opportunities.
145 Wellington St. W., Toronto, ON
- 60-storey mixed-use tower consisting of 512 residential units, 155,000 sf of office and 1,000 sf of retail space
- Zoning By-Law Amendment Approved in August 2022 & Site Plan Control Application Submitted
- 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 rezoning approval contemplates the demolition of an existing 13 storey office building and the construction of an architecturally significant, 60 storey tower with 512 residential units, 155,000 square feet of office space and approximately 1,000 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.
55 Yonge St., Toronto, ON
- 66-storey mixed-use tower consisting of 511 residential units, 159,000 sf of office and 13,000 sf of retail space
- Zoning By-Law Amendment Approved in February 2023 & Site Plan Control Application Submitted
- 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, the development at 55 Yonge would replace the 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 would include 511 new residential units, and 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. The design for the tower was awarded a winner of the 2022 International Architecture Award by The Chicago Athenaeum and The European Centre.
Both office and residential tenants would 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.
310 Front St. W., Toronto, ON
- 65-storey mixed-use tower consisting of 578 residential units, 119,000 sf of office and 2,000 sf of retail space
- Zoning By-Law Amendment Approved in August 2023 & Site Plan Control Application Submitted
- H&R Ownership Interest: 100%
- https://310front.ca/
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 proposal contemplates replacing 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 would activate the ground level with retail uses, replace the office density with modern amenities and add over 578 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.
69 Yonge St., Toronto, ON
- Adaptive re-use of existing heritage building by introducing residential use and 5 additional floors
- Zoning By-Law Amendment Approved (with conditions) in January 2024 & Site Plan Control Application Submitted
- H&R Ownership Interest: 100%
- https://69yonge.ca/
69 Yonge street is a landmark building at one of Toronto’s most important intersections: Yonge & King. The existing building was originally built as the headquarters of the Canadian Pacific Railway (CPR) Company. The REIT is proposing to retain the existing building in the new development as well as the heritage attributes of the tower. The proposal converts the existing office uses into 127 residential units and includes the addition of 5 floors above the existing building. The development will better contribute to the vibrancy of the city’s downtown core as a place to work, shop, visit, and live.
77 Union St., Toronto, ON
- New mixed-use community proposing new homes, commercial spaces, parks, green space, and improved access throughout the site
- Official Plan Amendment and Rezoning applications submitted in 2022
- Expected to receive zoning approval in 2026
- https://77unionstreet.ca/
77 Union Street is approximately 4.8 acres in size and located in Toronto’s rapidly growing Stockyards District neighbourhood, immediately adjacent to the approved future SmartTrack St. Clair-Old Weston Station. The REIT’s vision is to transform the existing industrial property into a new, transit-oriented development comprised of a vibrant, mixed-use community. A proposal has been submitted to the City of Toronto to develop more than 1.1 million square feet of mixed-use density, including residential and employment uses.