Toronto e lofts | 60.92m | 15s | Amexon | Core Architects

J

James1256

Active Member
Member Bio
Joined
Jan 2, 2023
Messages
416
Reaction score
3,658
"Zoning By-Law Amendment for retrofit and adaptive reuse of the existing 15-storey office building to create a rental apartment development. The project will accommodate 331 loft-style rental apartment units, primarily family-sized, along with approximately 111.77 m² of ground-floor commercial space intended for a neighbourhood café. The building's footprint, base building, and height will remain unchanged."

Application URL: https://www.toronto.ca/city-governm...s/?id=5610770&pid=424523&title=250 FERRAND DR

New building renders:

Screenshot 2025-04-08 at 10.36.59 AM.png
Screenshot 2025-04-08 at 10.37.39 AM.png


Existing building to be renovated:

Screenshot 2025-04-08 at 10.38.24 AM.png
 
Notes on this one:

Current Office Building is 83% vacant, and based on current lease expiries is expected to 100% vacant in Fall '25.

A future phase 2 is envisioned:

1744123626899.png


Site Plan:

1744123892079.png


Ground Floor Plan:

1744123946874.png


Proposal Description:

1744123691255.png

1744123830075.png

1744123853821.png


Stats:

1744124015384.png


Elevators: 4 to 331 units or 1 elevator per 83 units.

@HousingNowTO may wish to look into affordable housing here.

@Paclo
 
Damn. This is one of my favourite big commercial properties in the area, I've always liked the architectural expression on this building. Hopefully the design isn't as messy as rendered...this so far looks like a dogs breakfast. I'm glad there's more 2-3 bedroom units proposed here at the very least.
 
Northern Light said:
Notes on this one:

Current Office Building is 83% vacant, and based on current lease expiries is expected to 100% vacant in Fall '25.

A future phase 2 is envisioned:

View attachment 642477

Site Plan:

View attachment 642482

Ground Floor Plan:

View attachment 642483

Proposal Description:

View attachment 642478
View attachment 642480
View attachment 642481

Stats:

View attachment 642484

Elevators: 4 to 331 units or 1 elevator per 83 units.

@HousingNowTO may wish to look into affordable housing here.

@Paclo
Click to expand...
Yeah, there is are some large HOUSING NOW sites nearby at DON MILLS CROSSING -- so we talk about that area a lot on our tours, etc.
 
ProjectEnd said:
Part of Bregman / Olympia & York's grandiose 'Olympia Square' master plan. Pretty incredible what was idealized vs. what actually got built:

View attachment 643310

View attachment 643312

View attachment 643313
Click to expand...
Just a sidenote here, I think this could very well be one of the first spots where we see a large chunk of modern suburban sprawl properties bought up and redeveloped. Not that they ever could have imagined it 30+ years ago, but what a horrid spot for semi-detached homes.
 
ben.thebean1 said:
Just a sidenote here, I think this could very well be one of the first spots where we see a large chunk of modern suburban sprawl properties bought up and redeveloped. Not that they ever could have imagined it 30+ years ago, but what a horrid spot for semi-detached homes.
Click to expand...
I don't see it. Too many individual owners to corral, then it's a full OPA and rezoning. Too much work for too little gain, and even if you were to do it, you wouldn't be getting the premium pricing that kind of effort could make worthwhile.

1744414757419.png
 
ProjectEnd said:
I don't see it. Too many individual owners to corral, then it's a full OPA and rezoning. Too much work for too little gain, and even if you were to do it, you wouldn't be getting the premium pricing that kind of effort could make worthwhile.
Click to expand...

You're aware of another area of the City with lots of SFH up in North York........where the City is moving up substantially upzone without any developer applications, though assemblies are very much underway and owners are banding together
to negotiate sale prices with developers.

I don't see why that scenario couldn't apply here.

I agree, in the absence of that, assembly would be a pain.......

The current market, is, of course a challenge for most projects.........but looking longer term (10-year horizon)..... if that entire block were upzoned, looking at nearby precedents, it could easily be high 30s or higher across the board.

In a good market, that should figure. I think.

But you would know better than I.
 
Northern Light said:
You're aware of another area of the City with lots of SFH up in North York........where the City is moving up substantially upzone without any developer applications, though assemblies are very much underway and owners are banding together
to negotiate sale prices with developers.

I don't see why that scenario couldn't apply here.

I agree, in the absence of that, assembly would be a pain.......

The current market, is, of course a challenge for most projects.........but looking longer term (10-year horizon)..... if that entire block were upzoned, looking at nearby precedents, it could easily be high 30s or higher across the board.

In a good market, that should figure. I think.

But you would know better than I.
Click to expand...
You're correct in that if the City upzoned the parcel all that might change, but with 75-100 already zoned sites closer to the core, ready to go, why would anyone bother? The backlog from the halcyon days of the last decade will satiate demand for awhile yet, IMO.
 
Amexon anticipates having approval to move forward with the redevelopment in 8 months:

renx.ca

Amexon converting Toronto office building to loft-style residences

Amexon Development Corporation is converting a sparsely occupied 15-storey office building to purpose-built rental housing near Eglinton Avenue East and Don Mills Road in Toronto.
renx.ca renx.ca


The property is already designated as “Mixed Use Areas” in the City of Toronto Official Plan and is located within a “Major Transit Station Area.” A formal zoning amendment application has been filed and Evans anticipates having approval to move forward with the redevelopment in eight months, with the conversion expected to start right after that and take about 18 months to complete.

“Although it's an office building, it’s very much in a residential node,” Evans observed. “We’ve met with city planners and got a lot of positive feedback.”

While Amexon is also an active condominium developer, it elected to go the rental route with e lofts because the rental market is stronger than the condo market at the moment. It wants to take advantage of the relatively quick construction time to capitalize on that.
 
You must log in or register to post here.

Back
Top