- Thread starter TorontoArchitect
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A Torontonian Now
Senior Member
Similar angle to the above, but later at night, taken March 28:
nogoro
New Member
Here's a poster I haven't seen before...
Maybe it gives a more updated listing of tenants, but notable observations include:
1. Toronto School of Management, so Niagara College then. Why still on the list? Are they vacating completely at the end of this academic year, or going to hang around in a reduced capacity?
2. La Petite Colline/Shan Shan - the banner is still there right above this poster, but perhaps they backed out?
3. What happened to "Ask For Luigi"? Is it replaced by Pasta Basta?
Here's a link to a news article from just February. Fountain looks to be real and not a render
:
www.yorkregion.com
Maybe it gives a more updated listing of tenants, but notable observations include:
1. Toronto School of Management, so Niagara College then. Why still on the list? Are they vacating completely at the end of this academic year, or going to hang around in a reduced capacity?
2. La Petite Colline/Shan Shan - the banner is still there right above this poster, but perhaps they backed out?
3. What happened to "Ask For Luigi"? Is it replaced by Pasta Basta?
Here's a link to a news article from just February. Fountain looks to be real and not a render
New Toronto park opening this spring is a whimsical tribute to the iconic Honest Ed’s store
A new “green oasis” is coming to Toronto. Honest Ed’s Park is set to open in Mirvish Village this spring. Here’s what to know about the 1,213 square-metre site.
www.yorkregion.com
Last edited:
HousingNowTO
Senior Member
“Peterson has completed a buyout of partner Westbank and acquired full ownership of the Mirvish Village project in Toronto, The Realist has learned, as the sprawling project gets closer and closer to the finish line.
—
Peterson and Westbank confirmed the buyout in a joint statement provided to The Realist calling Mirvish Village “one of the most important city-building initiatives in Toronto’s history.”
“Developed by Westbank in partnership with Peterson, Peterson has now acquired ownership of the project under a pre-existing purchase arrangement and Westbank has transitioned into the property manager for Mirvish Village,” the companies said. “With substantial completion anticipated during the early summer of 2026, we look forward to welcoming new residents and businesses to Mirvish Village.”
Exact financial details are unknown, but Colliers’ latest GTA multi-family report had the average price per unit in 2025 at $292,901. However, that number is skewed towards older units and “Newly constructed properties continued to command premiums,” Colliers noted. One of the newer builds that transacted was the 210-unit Litho, completed in 2021, at 740 Dupont Street in Toronto, which RioCan sold to LaSalle Investment Management for $152.4 million — over $725,000 per unit.“
howardchai.substack.com
—
Peterson and Westbank confirmed the buyout in a joint statement provided to The Realist calling Mirvish Village “one of the most important city-building initiatives in Toronto’s history.”
“Developed by Westbank in partnership with Peterson, Peterson has now acquired ownership of the project under a pre-existing purchase arrangement and Westbank has transitioned into the property manager for Mirvish Village,” the companies said. “With substantial completion anticipated during the early summer of 2026, we look forward to welcoming new residents and businesses to Mirvish Village.”
Exact financial details are unknown, but Colliers’ latest GTA multi-family report had the average price per unit in 2025 at $292,901. However, that number is skewed towards older units and “Newly constructed properties continued to command premiums,” Colliers noted. One of the newer builds that transacted was the 210-unit Litho, completed in 2021, at 740 Dupont Street in Toronto, which RioCan sold to LaSalle Investment Management for $152.4 million — over $725,000 per unit.“
Exclusive: Peterson Buys Out Westbank From Mirvish Village In Toronto
The Mirvish Village project, also known as the Honest Ed's redevelopment, consists of 890 rental units across several buildings.
howardchai.substack.com
officedweller
Senior Member
Looks like just a name change by the same operators. They are opening one by that name in Vancouver's Oakridge:
Pasta e Basta | Authentic Italian at Time Out Market Vancouver
Pasta e Basta brings authentic Italian cuisine to Time Out Market Vancouver at Oakridge Park. From the owners of Ask for Luigi, enjoy fresh handmade pasta and classic Italian flavours.
UtakataNoAnnex
Superstar
...they are certainly noodling around with the name. 
PrestigeWorldwide
New Member
Definitely not a pre-existing arrangement and more about Westbank not being able to fulfil their obligations and being run out of town with their partners holding the bag“Peterson has completed a buyout of partner Westbank and acquired full ownership of the Mirvish Village project in Toronto, The Realist has learned, as the sprawling project gets closer and closer to the finish line.
—
Peterson and Westbank confirmed the buyout in a joint statement provided to The Realist calling Mirvish Village “one of the most important city-building initiatives in Toronto’s history.”
“Developed by Westbank in partnership with Peterson, Peterson has now acquired ownership of the project under a pre-existing purchase arrangement and Westbank has transitioned into the property manager for Mirvish Village,” the companies said. “With substantial completion anticipated during the early summer of 2026, we look forward to welcoming new residents and businesses to Mirvish Village.”
Exact financial details are unknown, but Colliers’ latest GTA multi-family report had the average price per unit in 2025 at $292,901. However, that number is skewed towards older units and “Newly constructed properties continued to command premiums,” Colliers noted. One of the newer builds that transacted was the 210-unit Litho, completed in 2021, at 740 Dupont Street in Toronto, which RioCan sold to LaSalle Investment Management for $152.4 million — over $725,000 per unit.“
Exclusive: Peterson Buys Out Westbank From Mirvish Village In Toronto
The Mirvish Village project, also known as the Honest Ed's redevelopment, consists of 890 rental units across several buildings.
Ramako
Moderator
Looks like just a name change by the same operators. They are opening one by that name in Vancouver's Oakridge:
Pasta e Basta | Authentic Italian at Time Out Market Vancouver
Pasta e Basta brings authentic Italian cuisine to Time Out Market Vancouver at Oakridge Park. From the owners of Ask for Luigi, enjoy fresh handmade pasta and classic Italian flavours.luigispastaebasta.com
It's actually not the same operators so that's quite the co-incidence!