Toronto Strada | 31.39m | 7s | RioCan Living | Turner Fleischer

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This is just west of Euclid


Application: Zoning Review Status: Not Started

Location: 549 COLLEGE ST
TORONTO ON M6G 1A9

Ward 19: Trinity-Spadina

Application#: 13 127848 ZPR 00 ZR Accepted Date: Mar 4, 2013

Project: Multiple-Use Building New Building

Description: Proposal to demolish existing retail and replace with 8 storey mixed use building (approx. 6000sqm).


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AlbertC said:
This is an Allied REIT property, looks like plans to add more office space in the area.
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This would be the first of the Allied / RioCan Joint Venture initiatives announced last year to come to the surface. The next will be the proposed Allied / RioCan redevelopment 620 King Street West, the development proposal for which is scheduled to be presented at one of Adam Vaughan's community consultation meetings this Thursday.

Current profile of the 549 College Street property on Allied's site, showing its joint venture status, is at:

http://www.alliedreit.com/index.php?page=property&property_id=163

I think likely to be mixed use, with both retail and office components
 
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AlbertC said:
Do you have specific details on that meeting? I can't find that update on Adam Vaughn's website.
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Sorry for the typo with Adam Vaughan's name. Just confirmed with his office, Thursday, March 7, at 7 PM, Committee Room 1, City Hall, 100 Queen Street West. Two proposals are scheduled to be presented - Plazacorp's 525 Adelaide Street West, and the Allied / RioCan Joint Venture for 620 King Street West.
 
Won't be able to attend this meeting but I am intrigued to hear what Allied is planning for 620 King West. Hopefully it includes a sizeable retail component and/or revisits the pedestrian lanes concept previously explored by Context KW.
 
So which properties are in play? Is it the Shiatsu building and the LCBO or is it the LCBO and the parking lot? Or all three. Funny how the LCBO just occupied that space.
 
TrickyRicky said:
So which properties are in play? Is it the Shiatsu building and the LCBO or is it the LCBO and the parking lot? Or all three. Funny how the LCBO just occupied that space.
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I heard that this is exactly what lcbo was looking to do. Move in, spruce the place up. Pump up the land value of the plot given its high retail traffic (this place is always full). Then sell off the plot at a nice profit.

They will probs be a lead tenant in the new building with a larger floor space. They now have complete confidence in the location's reatil sales viability with past experience.
 
mrxbombastic said:
I heard that this is exactly what lcbo was looking to do. Move in, spruce the place up. Pump up the land value of the plot given its high retail traffic (this place is always full). Then sell off the plot at a nice profit.

They will probs be a lead tenant in the new building with a larger floor space. They now have complete confidence in the location's reatil sales viability with past experience.
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LCBO does not develop their own properties... Riocan bought the building from the original developer, then brought in Allied.
 
http://mikelayton.ca/public-meeting-547-555-college-street-planning-application

Public Meeting: 547-555 College Street Planning Application

Join us for a Community Consultation Meeting to discuss the planning application for 547-555 College Street.

When: Thursday, January 16, 2014
Time: 7:00 p.m – 9:00 p.m
Where: Kensington Community School, Cafeteria – 401 College Street (map)

Proposal
An application to amend the Zoning By-law to permit a new eight-storey mixed-use building at 547-555 College Street with ground floor retail space and 58 residential dwelling units on the upper floors. You can view a copy of the Preliminary Report providing background information at: http://www.toronto.ca/legdocs/mmis/2013/te/bgrd/backgroundfile-63427.pdf

To speak to the planner directly, contact Aviva Pelt, at 416-392-0877 or apelt@toronto.ca.
 
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