Entire new neighbourhood set to completely replace Toronto shopping complex Toronto TorontoRealEstate RealEstate
A company known as Toronto Stockyards Land Development Board is pushing forward plans to redevelop their approximately 13-hectare siteThe block is home to several businesses, including a Canadian Tire, The Home Depot, McDonald's, Tim Hortons, a Swiss Chalet, and a handful of others.
But the majority of the site is occupied by parking, a rare sight placed right next to a busy streetcar route running in a protected right of way.revealed through a LinkedIn post shared on WednesdayN. Barry Lyon Consultants posted a"Congratulations to the Toronto Stockyards Land Development Board and our amazing consultant team for the City's adoption of a new policy vision for the #Stockyards! The dynamic mixed use community will feature over 4.
No development application has been submitted to city planners as of late July, but a lone rendering and the bits and pieces of available details offer a glimpse into the new neighbourhood in the works to replace this big box shopping plaza. Over 20 buildings of varying heights would be built around a new road network, parks, and other public spaces animating space currently dominated by warehouse-style structures and vast expanses of parking.A source close to the project tells blogTO that"there are long-term existing leases, so this isn't happening tomorrow," adding that existing businesses can expect a"5 to 10 year timeline at least.
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