Scarborough Junction plans
The plan for Scarborough Junction covers 10 development blocks that will include 17 residential buildings ranging in size from 12 to 48 storeys and encompassing 5.27 million square feet. They’ll have 5,818 condo units, including 22 live/work units, and 801 purpose-built rental units.
Also proposed are: 165,000 square feet of retail space, including a grocery store; a 40,000-square-foot community facility; a 10,000-square-foot daycare centre; a new 5,780-square-foot GO station; a 4.63-acre park; 3,666 parking spaces; a number of privately owned but publicly accessible spaces, including a public square surrounded by retail; plazas throughout the site; and a live/work pedestrian mews.
“The Harlo team manages all back-office functions, including accounting, finance and investor relations, while my team focuses on the front end,” said Young.
Giannone Petricone Associates is the architect and DTAH is the landscape designer. Bousfields Inc. is in charge of planning, BA Group is overseeing transportation planning and Counterpoint Engineering is heading servicing and civil engineering activities.
Young expects to have all of Scarborough Junction’s approvals within 18 months. As soon as those are secured, the first phase of construction could start within two years. There’s some contamination to remediate and site servicing and road construction will need to be done before building development can begin.
A tentative phasing plan is being assembled.
“If we can start construction on the first phases within four years, it’s not unreasonable to expect that with decent absorption we could be building at least one to two new phases per year,” said Young. “It’s probably a 10-year construction period for the overall project.”
My guess would be that this would be laid out in the phasing plan, no?I wonder how this project will iteratively complete, will they do building blocks by building blocks? I.E - 2-3 towers every few years with the commercial spaces allocated at grade opening as the towers complete?