Concert Properties has recently submitted a proposal to the City of Toronto for the former Sunnybrook Plaza site that greatly exceeds the size and density of the original proposals for the site prior to COVID.
In 2016, after much negotiation, an agreement was reached between the previous developers (RioCan), the City and the LRA, including mediation at the OMB, resulting in a plan for two mixed-use towers of 16 and 11 storeys, (reduced from the original proposal for 19 and 13 storeys) as well as addressing many other concerns and issues. In 2017, Concert acquired an interest in the project. Revisions were made and agreed to in 2020, and during the pandemic, the existing buildings were razed. By 2023, the original plans were declared uneconomical due to increased construction costs and changes in the market, and the province had overruled the City’s Yonge Eglinton Plan, allowing greatly increased density. New plans were produced, significantly increasing the building density and height for the site. The original proposal called for 426 units – the new one has 1201, over a third of which are 2 and 3-bedroom units.
The LRA expects the announcement for a date for community consultation shortly and will keep you updated.
Concert Properties Proposes 32, 37, And 43 Storeys For Leaside – Storeys, December 27, 2024
Development application for 660 Eglinton Ave East – submitted to the City of Toronto, December 19, 2024
