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Following an extensive call process, Toronto-based real estate development company TAS is being recommended by CreateTO and City of Toronto staff as the long-term head lessee of the Wellington Destructor site at 677 Wellington St. W. A report to the General Government and Licensing Committee (GGLC) details the terms of the proposed 49-year lease and two options for extensions of 25 years each. The report also seeks approval on TAS’ project proposal to restore this important heritage landmark and to retrofit the building for new community and commercial uses that would provide social and economic benefits to the public.
View the press release here.