Northern Light
Superstar
Morguard has registered to lobby the City of Toronto on behalf of the owner, who I would take to be Riocan to explore redevelopment options for this shopping centre at 3003 Danforth Avenue (running west from Victoria Park)
First the entry on the registry, then a bit of discussion:
This is a large site:
Size: ~ 8 hectares/20 acres
The core building, on the left side of the plaza w/the white roof is the original mall/factory (It was Ford Motor Company before they decamped to Oakville)
I don't believe there is any residual heritage to the building which has been gutted more than once in the intervening decades.
The plaza/mall is a good revenue producer, pretty close to fully leased; though I suspect the Lowes may not be long for the world as it's pretty quite much of the time.
But the Metro is a flagship, high-performance store for that company.
That said, you could replace every ft2 of retail fairly easily while dotting the site with a fairly large number of towers. I think this site's potential is quite comparable to Galleria in the west end.
Easy walking distance to Line 2; and height precedents at Dawes and west, as well as in Crescent Town that suggest 30s+ is an easy sell and 45 well within reach.
I believe there might be justification to support a new school here, and probably combo the school yard with significant park.
Some of the site area would be lost to an internal road grid, but we're still talking thousands of units.
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Site as it is today: (per streetview)
First the entry on the registry, then a bit of discussion:
This is a large site:
Size: ~ 8 hectares/20 acres
The core building, on the left side of the plaza w/the white roof is the original mall/factory (It was Ford Motor Company before they decamped to Oakville)
I don't believe there is any residual heritage to the building which has been gutted more than once in the intervening decades.
The plaza/mall is a good revenue producer, pretty close to fully leased; though I suspect the Lowes may not be long for the world as it's pretty quite much of the time.
But the Metro is a flagship, high-performance store for that company.
That said, you could replace every ft2 of retail fairly easily while dotting the site with a fairly large number of towers. I think this site's potential is quite comparable to Galleria in the west end.
Easy walking distance to Line 2; and height precedents at Dawes and west, as well as in Crescent Town that suggest 30s+ is an easy sell and 45 well within reach.
I believe there might be justification to support a new school here, and probably combo the school yard with significant park.
Some of the site area would be lost to an internal road grid, but we're still talking thousands of units.
****
Site as it is today: (per streetview)