Get Ready For 2150 Lakeshore Boulevard West!

Posted by Paul Ambler on Wednesday, November 20th, 2019 at 1:09pm.

 

Since 2013, 28 Acres of prime Etobcioke property, only steps to Lake Ontario, has been sitting vacant. The site of the former Mr. Christie factory that made one of the world’s favourite cookies for more than 60 years has moved from what might eventually become one of Toronto's top destinations. In mid-2019, City Council and the Local Planning Appeal Tribunal (LPAT) approved the conversion of the majority of the site at 2150 Lake Shore Blvd W. to a Regeneration Area, allowing for a mix of uses such as residential and retail, as well as land for employment uses. A Secondary Plan process has begun, and will be led by the City of Toronto. Over the last several years, Humber Bay (Park Lawn Lakeshore) has become one of Toronto’s fastest growing neighbourhoods, with its beautiful waterfront and accessibility to the downtown core of Toronto demand to develop more of the available space in this area has only grown with the population.  

Vacant Site 2017

Site Rendering As Proposed By First Capital If Approved

What does the proposal include?

First Capital Realty's proposed plan is for 15 new condo buildings, 1 million ft² of retail, office and service-based uses, and 6 million ft² of residential. With the proposed plan to build 15 new condo towers would be approx 15,000 new residents to the area. According to the proposed master plan, prepared by Urban Strategies Inc. on behalf of the First Capital Realty, the condo towers would range from 22 to 71 storeys. The developers stated that the area population has undergone huge changes in recent years and has been embattled with a growing population. Over the past 8 years, the population has grown by about 65% and will continue to increase.  The proposal also includes a new transit GO station and TTC hub. Metrolinx hasn’t included Lake Shore and Park Lawn on their list of places they’re planning for new transit development but has expressed the possibly of adding the Christie stop to the line based on the density this development would create. Other aspects of the site include a new park which will incorporate the Mr. Christie water tower; a covered galleria, and a number of groves, wide sidewalks and lanes. Overall, the proposed development is expected to be a dynamic transit-oriented, mixed-use neighbourhood. The area is structured to include a mix of options that will consider the needs for current residents, as well as for future residents and generations. 

There is no doubt that the the growing population will put immense pressure on an already transit and traffic strained area. The lack of transit if also one of the largest concerns to those who are opposed to the shear size of this proposal and could become the key to First Capital Realty getting the city approvals it wants. 

What does the community think? 

The city of Toronto estimates that about 3500 jobs will be created within the proposal but there is skepticism about what type of employment will flock to the area. Will their be office jobs? retail? or restaurants? and how much of it will be mixed use? The issue being that it could turn into a ghost town after 5pm if the area is mostly office employment. Some worry it could be much like parts of mimico that is a ghost town from 9am - 5pm because of the lack of complimentary Buisness's in the area. You don't have to go far to hear feedback for and against the proposal just check out the facebook group "humber bay shores" which has become a popular place for interested and concerned locals to voice their opinions. You can also visit Christies Planning Study for the City Of Toronto's updates.

Regardless of some of these details, change to the area is coming and its coming in a big way. There will be great opportunities for investment in the area as well as end use.  For more information or to stay up to date on this development please email me paul@remaxprofessionals.ca or directly @ 416.884.8027

 

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