RioCan REIT, Allied Properties REIT and Diamondcorp Acquisition and Subsequent Redevelopment of 'The Well'

Goodmans LLP  acted as counsel for RioCan REIT, Allied Properties REIT and Diamondcorp in connection with acquisition and development of “The Well” mixed use commercial/residential development and in connection with the disposition of the residential component of “The Well” to Tridel Builders Inc. and Woodbourne Canada Partners III (CA) LP.

Goodmans has provided counsel on the subdivision, part lot control exemption, site plan agreement, development charge matters, and the implementing agreements.

The Well is a new, open and vibrant mixed-use community in downtown Toronto where people can live, work, and shop well. Spread over seven and a half acres and is a robust retail mix, dynamic amenities, premium office space, entertainment and cultural events. The Well will become a gathering place, reflecting the heart and soul of Toronto, inspiring us and improving our quality of life.