Canada Square: Parking lot disruption on Thursday, May 4
On Thursday, May 4 at 4:00 p.m., Oxford Properties Group will be hosting a local community consultation in the parking lot adjacent to the cinemas at 2190 Yonge St. As a result, part of the parking lot will be blocked off to accommodate an outdoor tent. This is part of a series of consultations with residents of the surrounding Yonge and Eglinton area, giving them an opportunity to provide input into how they would like ...to see their neighbourhood evolve in the upcoming years. In this vision session, Oxford will be focusing on local residents’ feedback on the potential redevelopment of Canada Square. As a one-third interest owner in Canada Square, CT REIT will also be part of these ongoing discussions.
You may be wondering how Canada Square’s redevelopment will impact Canadian Tire. At this point, it’s too early to speculate. We don’t expect any redevelopment to begin for at least a few years, and we’ve been assured that multiple stakeholders – including Canadian Tire, local residents, the TTC, and Metrolinx (which won’t complete the Eglinton Crosstown LRT construction on this site before 2021) – will be involved in this long-term project. Before Oxford can even apply for a building permit, they will need to develop a master plan, secure municipal approvals, and complete detailed architectural and engineering drawings. Oxford will share any information that is relevant to our buildings in the coming weeks. Canadian Tire has a long history at Yonge and Eglinton, and ultimately a decision on the future of our Home Office will be based on what’s best for our employees.