[SOLD] 4050 Yonge Street

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Mixed Use
MixedUse

[SOLD] 4050 Yonge Street


Site Introduction

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.

Details

Major 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:

Development Objectives

  • 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
  • Rendering of the proposed development concept ( Easton's Group/The Gupta Group, 2015)

  • Angled rendering of the proposed development concept (Easton's Group/The Gupta Group, 2015)

  • Rendering of the proposed development concept with a northeast view (Easton's Group/The Gupta Group, 2015)

  • Rendering of the proposed development concept from an at-grade perspective ( Easton's Group/The Gupta Group 2015)

  • South aerial view of the site (2010)

  • West aerial view of the site (2010)