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Group Pays $275 Million for GTA Waterfront Site

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Courtesy: JLL.A consortium of developers is paying approximately $275 million to the province of Ontario for a track of land on the Greater Toronto Area's waterfront that is expected to generate up to 8,000 new housing units and create six new neighbourhoods. Ontario Power Generation, a provincial Crown Corp., hired Jones Lang LaSalle Real Estate Services Inc. in August 2017 to run the sale of the 177-acre parcel that was once home to the Lakeview...

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