[SOLD] 10 York Street
Situated on York Street, in the midst of new residential and commercial high-rise development near the City’s waterfront, 10 York Street was an underutilized parcel of land that had long been used as a pay-parking lot and the Toronto Police Service impound lot. While the site was not used to its full potential, the awkward triangular shape of this half-acre parcel of land posed a major challenge for a viable development. However, with the City population growing at 100,000+ a year, the site offered an important opportunity to support future growth and improve pedestrian connections to the waterfront.
The City of Toronto transferred the property to Build Toronto (now part of CreateTO) with the goal of evaluating a higher-order use for this valuable piece of land. Given the location, land assessment and existing market and competitive analysis, the company determined that the site would be best used for high-rise residential. In 2010, Build Toronto (now part of CreateTO) released a request for proposals to seek opportunities on this site. After a rigorous review, Tridel was selected as a partner, leveraging the residential expertise of one of the most respected, high-quality developers in the City, and offering a great partner to help design an iconic new building that supports the City’s housing demands.
Today, this iconic 694-unit 65-storey residential high rise development is almost complete. Check out Tridel’s Sales Centre for more information.
DetailsMajor Intersection: Queen's Quay West and York Street Harbour
Surrounding Uses: High-density residential uses north, east and west of the site; Lake Ontario and high-density residential to the south.
Ward: 10 - Spadina-Fort York
Councillor: Joe Cressy
Site Area (acres): 0.6
Past Use: Former Toronto Parking Authority lot and impound lot
Proposed Use: Residential with a retail component
Official Plan - Land Use Designation: Regeneration Area