[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 (now part of CreateTO) 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 and a sales centre. 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.
Councillor: Mike Colle
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
- Achieve excellence in urban design and architecture and a high level of sustainability