[SOLD] 4050 Yonge Street
This site is located in an area of the City that has not seen new commercial development in over 20 years, Build Toronto created a vision to maintain employment and sold the project to the Easton’s Group/The Gupta Group to develop a new commercial project, including a hotel component. The site is located adjacent to the York Mills subway station and is currently being used as a commuter parking lot. Given the site’s location, the vision is to densify a transit node and offer a new amenity in this area of the city, while creating new employment.
A development application has been approved by City Council.
DetailsMajor Intersection: Yonge Street and Wilson Avenue
Surrounding Uses: Surrounding uses include office commercial uses (Yonge Corporate Centre and York Mills Centre), high-density residential, parkland, Don Valley Golf Course and established low-density residential neighbourhoods. A GO and TTC bus terminal is immediately east.
Ward: 16 - Eglinton- Lawrence
Councillor: Cristin Carmichael Greb
Site Area (acres): 3.2
Past Use: TTC commuter parking lot
Proposed Use: Office with hotel and retail component
Official Plan - Land Use Designation: Mixed Use and Natural Areas
Planning and Staff Reports:
- Create transit-oriented development
- Preserve and protect the valley lands
- Provide employment in a mix of uses
- Enhance the streetscape and public realm
- Acheieve excellence in urban design and architecture and a high level of sustainability