Toronto 3406-3434 Weston Road | ?m | 39s | Pinemount Developments | Icon

[yoshirocks702]

This is an older proposal from 2015.

"This application proposes an 11 to 12 storey, mixed-use commercial residential building containing 270 residential units with 688 m2 of grade related retail space at 3406-3434 Weston Road. The proposed development would contain 348 parking spaces and result in a floor space index of 3.46."
https://www.toronto.ca/legdocs/mmis/2015/ey/bgrd/backgroundfile-75105.pdf

But the site is now for sale and in the advertisement it says it's approved for the above and that there is potential for more density, it's showing the potential of 25 and 30 storey buildings on this site.
https://www.collierscanada.com/en-c...weston-road-toronto-ontario-canada/can2007156

Current site from street view:

From the Dev App from 2015

Potential intensification from the advertisement

 

[W. K. Lis]

Line 6 Finch West LRT coming soon. Proposed GO TRAIN to Bolton could get an Emery Station at Finch Avenue West, just east of Weston Road.

From link.

 

[Northern Light]

As per Renx; this site has been sold to a JV of Pinemount and Elysium.

A new submission will be going in to the City by the end of October, and will be two towers, but taller than the original proposal here.

Pinemount, Elysium JV, plan to redevelop Toronto strip mall

Pinemount Developments Ltd. and Elysium Investments are planning a mixed-use condominium development for a 1.78-acre site at 3406-3434 Weston Rd. in Toronto they acquired for $19.8 million through a receivership sale.

renx.ca

@yoshirocks702 and/or the Mods may wish to adjust the title for the proponent.

 

[ItsGucci]

Pinemount is planning for 727k sf and 823 units based on their project page.

Still no application on the city's website.

 

[AlbertC]

Weston and Finch - Elysium Investments

Weston & Finch North York 1.78 acre North York, transit-oriented site, with operational commercial plaza and as-of-right planning approvals for a 12-storey, mixed-use building. Proposed use is a residential two tower project, with commercial uses at grade. Location North York Address 3406-3434...

elysiuminvestments.ca

 

[Northern Light]

With an estimated GFA of 600,000, assuming standard floor plates in the towers, the ask will be somewhere in the 2 x 35s range.

Site is as-of-right for 12s.

 

[AlbertC]

Elysium forms JV, plans 67-storey Toronto Isabella St. tower

Elysium Investments has only been part of the Greater Toronto Area development industry for a year, but it already has three high-rise multifamily projects in the pre-construction phase and a pipeline of other potential projects in the works.

renx.ca

Elysium and Pinemount are planning a mixed-use multifamily development for a 1.78-acre site at 3406-3434 Weston Rd. they acquired for $19.8 million through a receivership sale last June. Elysium also brought in Hepsor as an investor.

The site near Finch Avenue West is occupied by a fully tenanted, 19,363-square-foot single-storey commercial plaza built in 1960 that can provide holding income before redevelopment. There’s also parking for 60 vehicles.

The property is 500 metres from the future Emery stop on the 11-kilometre Finch West light rail transit line that’s also under construction.

A previous development plan from 2015 had proposed an 11- or 12-storey mixed-use building with 270 residential units, retail at grade and 348 parking spaces.

There’s potential for higher density now, however, as the Ontario government has mandated the intensification of sites within major transit service areas.

The proposed development is for a 38- and 39-storey tower atop a seven-storey podium with commercial space at grade. It’s still in the early stages of approvals and Icon Architects and community planning firm Bousfields are assisting in the process.