TORONTO – Residential developers and haveannounced a partnership to deliver a purpose-built rental tower at Johnston Avenue – Mixed-Use Condo TowerStatusDesignValue$92.5MLocation11 Johnston Ave, Toronto ONSectorPrivateTypeMulti-Residential · New ConstructionData as of June 3, 2026 in Toronto’s Yonge and Sheppard neighbourhood.
It is the first collaboration between the two companies.
According to a release, the site at 11-21 Johnston Avenue sits approximately 130 metres from the nearest entrance toSheppard-Yonge Station and could rise 48 storeys.
Based on the development application submitted earlier this year, the project proposes 524 rental units totalling approximately 350,709 square feet of residential space across a multi-property assembly, designed by TurnerFleischer Architects.
“Stafford is incredibly excited to be partnering with DBS Developments at this opportune time to build this amazing new community on Johnston Avenue. Yonge and Sheppard is one of the most underserved rental nodes in the city which paired with the strong rental demand in this area makes this the exact type of development the city needs. This is the first of several projects we are moving forward on together,” saidJonathan Goldman, president of Stafford, in a statement.
ForDBS Developments, the partnership represents a natural extension of its commitment to delivering residential communities such as Bela Square in East Danforth and 2Fifteen in Forest Hill, the release adds.
“We are thrilled to be partnering withStafford on what will become a landmark purpose-built rental community for this neighbourhood and for the city,” saidBryan Levy, CEO of DBS Developments.“As demand for professionally managed rental housing continues to grow, it is increasingly important for experienced developers and operators to deliver projects that are built for the long-term.”
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