BAZIS Buys Two-Tower Project From First Capital For $32M, Planning Third Tower

April 8, 2025

First Capital REIT (TSX: FCR.UN) has sold 895 Lawrence Avenue East in North York, where it was planning two towers. Bazis is now planning three towers for the site.

Toronto-based First Capital REIT (TSX: FCR.UN) has sold a development site in North York where it was planning a two-tower project, STOREYS has learned, officially passing on the project to Vaughan-based Bazis International, who has a significant revision in the works.

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