– The vendor submitted an Official Plan Amendment (OPA) and Zoning By-law Amendment (ZBLA) application in February 2020 to permit a high density mixed-use development.

– The vendor is proposing a 4-tower, multi-phased development comprising 2,196 residential units and 34,243 sq. ft. of non-residential space. The buildings range from 34 to 55 storeys connected by a 6 storey podium with a total GFA of 1,867,701 sq. ft. The development includes over 1.7 acres of parkland on the property providing future residents ample green space to enjoy.

– Of the 2,196 residential units, 440 are proposed to be live/work, which helps to satisfy non-residential space on site, while allowing purchasers and investors the ability to operate a business out of their unit if desired. It is anticipated that a settlement hearing for the ZBLA will occur in March 2023 for the proposed development.

Over the past decade, the North Yonge corridor has received an influx of interest from the high density residential development community.

– Fueled by it’s scalable development opportunities, future accessibility to TTC subway and a new BRT line and strong demand from homeowners/ renters, this location is an ideal candidate for new condominium or purpose-built rental development. There are currently over 1,200 condominium units under construction, which are achieving pricing in excess of $1,400 per sq. ft. with strong absorption.