Development: 11 Wellesley East by Lanterra 54 Floors

New Toronto Development: 11 Wellesley East by Lanterra 54 Floors and 45 Floors 

Location: 11 Wellesley East
Development Cost: (Land Purchase Price $65 million)
Development Type : Residential - Commercial/Retail Base
Condo Purchase Price and Range: Unknown
Floors: 54/45
Developer: Lanterra

Project Background: Empty lot owned by province sold to Lanterra through open free market bid process open to all applicants. Area Residents had long dreamed of a park on the site, and hoped that no towers would be built here.



The latest development from Toronto which is a city on the verge of bursting as the following list of projects can attest. There are some 150 buildings in Toronto Currently Under-Construction. Then there are also Hundreds of new project proposals in the works. This project is the latest and just one of many on the go. There has been talk in some quarters of a condo bubble that may be bursting, however, those fears however well founded have proved not to be true.



Listing of the latest of the Toronto Projects and  News:

Toronto Condo Construction	Toronto Developments and News
ICE Condo Development	Provincially Owned Lot Sold to Lanterra
Aura Condo Construction Update	GTA Commercial Leasing Numbers
One Bloor Construction Update	Toronto Condo Sales Numbers
Penthouse Living at the Cosmopolitan	TREB Wants Land Transfer Tax Scrapped
L Tower - Construction Update	Record Toronto Condo Starts in 2012
MGM Grand Releases Plans For the EX	86 Dundas East in Mississauga
155 Redpath New Development	New Rendering of 501 Yonge
Charlie Condo Construction	New Rendering of E Condos
	New Proposal 43 Gerrard
	Tallest Tower Planned for Yorkville