In November 2021, First Capital submitted a rezoning application to redevelop this assembly along Bloor Street West into a mixed-use property bringing over 300 residential units and retail at grade. Located at Bloor and Spadina, adjacent to the Spadina TTC station, the site offers direct access to subway and streetcar lines.

The proposal includes two publicly accessible spaces, including a pedestrian link to Paul Martel Park. Situated in the dynamic Annex neighbourhood near the University of Toronto, the project will serve a diverse and growing community.