Successful Condominium Launch of LSQ1 by Almadev
Overview
The team of real estate partner Leor Margulies, senior associate Rachel Puma and senior condominium law clerk Audrey Weaver were thrilled to be part of the team assisting the Almadev Group in completing a very successful launch of LSQ1, the first residential tower at North York’s revolutionary new community located at Victoria Park and Sheppard within the Consumers Road Business Park. The LSQ master-planned community by Almadev is intended to transform the 15-acre Lansing Square in North York. The new community is anticipated to consist of several phases of five new mixed-use residential developments with retail components which will complement the existing office towers and the two new commercial/office buildings and the new central 1.2 acre park.
The 462-unit, 43-storey LSQ Living – Tower 1 was launched in March of 2023 to brokers and the majority of the units were sold at a time when most large condominium launches in Toronto are being delayed. As a result of the vast success of LSQ1 and the significant demand, Almadev is gearing up to release the second building at LSQ shortly. Robins Appleby is proud to assist the Almadev team on this exciting new project.
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