A CONDO ISLAND?

A CONDO ISLAND?

  • Claudine Montano
  • 06/21/23

Toronto's housing crisis is being addressed by developers, who are constructing an island of condos on the site at 2-10 The East Mall Crescent in Etobicoke. This demonstrates that even awkward land parcels can be turned into profitable developments.

Mattamy Homes plans to build a condominium complex near Cloverdale Mall, surrounded by five to nine lanes of roads. The site, once home to a Petro-Canada gas station, was demolished in 2021. Remediation of contaminated soil has closed the contaminated area, allowing for redevelopment.

Giannone Petricone Associates designs 33-storey tower and mid-rise, evolving from 2020 plan. The proposal height has increased since September 2021, introducing a diverse mix of unit typologies and revisions for city planners. Proposed 605 condominium units include 29 studios, 382 one-bedrooms, 133 two-bedrooms, and 61 three-bedroom units. Improved public realm plan includes "lush landscaped zones" to buffer well-traveled streets. 

Tree canopies, sidewalk widths, and a private public space at Dundas Street West and The East Mall Crescent may not address the poor pedestrian experience caused by arterial roads. The area's busy road network can accommodate 375 new cars, 315 residential parking spaces, and 60 visitor spaces.

 

What an interesting plan to hopefully make living in the city affordable and doable for everyone who is still looking to get into the real estate market.  

 

source: blogTo

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With more than a decade of experience, Claudine Montano possesses a strong business acumen of Toronto’s constantly evolving real estate market. Claudine Montano is a Broker of Record with RE/MAX Hallmark Montano Group Realty affiliated with RE/MAX Hallmark.

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