Harlo Capital and Republic Developments Secure $178-Million Deal With Building Ontario Fund
On June 4, 2026, Harlo Capital and Republic Developments announced a $178-million investment by the Building Ontario Fund to acquire a 50% interest in the Scarborough Junction project, a major mixed-use development to be constructed on lands adjacent to the Scarborough GO Station.
This investment by Building Ontario Fund facilitates commencement of Phase 1 which includes the construction of approximately 1,700 purpose-built rental units. A key component of the investment is the delivery of at least 20% affordable housing units, with rents meeting the City’s affordability levels for a minimum of 40 years.
The Scarborough Junction masterplan is expected to include 14 mixed-use buildings ranging from 19 to 58 storeys, accommodating more that 7,700 new homes and more than 200,000 square feet of commercial/retail space. The project will also deliver significant enhancements to the Scarborough GO Station along with parks, public spaces and community amenities.
Aird & Berlis represented Harlo Capital and Republic Developments with a team led by Andrew Webster (Real Estate) and Jennifer Wainwright (Corporate), and including Melanie Cole (Corporate), Trevor Crowley and Stefan Radovanovich (Real Estate) and Manjit Singh (Tax).
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Andrew is one of Toronto’s go-to lawyers for complex, multi-phase high-rise residential developments.
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With more than 30 years of corporate, corporate finance and real estate law experience, Jennifer offers her clients exceptional legal problem-solving ...
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Whether advising her clients on public and private financings, mergers and acquisitions or corporate commercial matters, Melanie takes a client-first ...
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In the fast-paced commercial real estate environment, clients look to Trevor for his proactive, responsive, and goal-oriented approach to law.
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Stefan maintains a general commercial real estate practice, representing condominium and land developers.
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Manjit draws on more than 23 years of experience advising on Canadian and cross-border tax matters to provide comprehensive tax advice to corporate cl...
