55 Franklin St S | 4x 6 fl

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55 Franklin St S | 4x 6 fl | Proposed

Nextasy Offline

Junior Member

Posts: 25
Threads: 3
Joined: Apr 2017
Reputation: 1

02-19-2021, 04:44 PM

Something is brewing at the old Dare Foods warehouse at 55 Franklin St S. Google Maps. Title search shows it went from Dare to Cheng's Group Corp. in 2018. Then, it went in 2020 for 3.6 million to 55 Franklin GP inc.

Record of site condition was submitted January 13th. It lists current use as "Industrial" but intended use as "Residential".

Looks like Maxwell Building Consultants is attached, and seems like the directors of the company are the new owners of 55 Franklin GP. I found this (unfortunately small) image:

[Image: 55-franklin.webp]

Maxwell says the proposal is to split the parcel into 4 developments, each able to contain a 60-unit 6 storey mixed-use building. Potential missing middle housing?

I expect it to change hands a few times yet before anything serious happens, but something to keep an eye on.

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