Toronto Yonge City Square Residences | 117.09m | 32s | Gupta | Arcadis

August 12 file titled only correspondence through the Toronto application information centre. The site has been much busier as of the last 2 weeks. with fences and machinery taking over much of the parking lot. If anyone knows anything else and would like to share that would be much appreciated.
 

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  • PLN - Correspondence - 4050YongeRevsdNOACforOLTAug9PDF(003).pdf
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Mike in TO said:
Build Toronto is planning to move forward on its first project involving surplus city land. 4050 Yonge Street (Yonge & York Mills) will be redeveloped and preliminary plans call for a 500,000 square foot LEED Gold office building. As reported in various media outlets today the TTC will consider leasing a portion of the new office space to consolidate employees located in various offices across the city (including Davisville - which would then be turned over to Build Toronto for redevelopment).

Build Toronto has made a submission for a zb/l & OPA with a target delivery date of 2014.
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Always interesting to look back on what the City of Toronto used to do with it's "Surplus Parking Lots at a Subway Station" sites before CreateTO was formed in 2018 --- and their "Housing Now" model was passed by Council in early 2019...

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Railrunner said:
August 12 file titled only correspondence through the Toronto application information centre. The site has been much busier as of the last 2 weeks. with fences and machinery taking over much of the parking lot. If anyone knows anything else and would like to share that would be much appreciated.
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Ask, and after @HousingNowTO bumps the thread, and I see you request.............. you shall receive! LOL

The correspondence:

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So the above is City Planning writing to the developer's lawyers and CC'ing relevant City staff that NOAC/SPA is not in place here, that there are outstanding conditions to be fulfilled.

Permit-granting folks and legal getting the CC.

***

Permit for the underground parking (Shoring) seems to be issued, new building and foundation are not yet in place.:

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Subway entrance at the northwest corner of Yonge and York Mills is now closed (for the next 3 years according to the closure notice). There's hoarding along Yonge St only. They've stripped the subway entrance cladding and beginning demolition activities. The parking lot remains open though.
 
northyorker1 said:
Why have they closed the subway entrance in preparation of its demolition in addition to placing construction trailer (office) by TMG builders?
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I don't have any insight into Steve's operation or capital stack, all I can say is there's at best a fifth of units sold here.
 
northyorker1 said:
Why have they closed the subway entrance in preparation of its demolition in addition to placing construction trailer (office) by TMG builders?
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Maybe they're trying to manifest more sales by closing off the subway entrance, putting up construction hoarding and placing their trailers and excavation equipment on site. 😂
 
Northern Light said:
Ceremonial Groundbreaking here will be next Monday, December 9th.

By that afternoon, the parking lot will reopen, LOL

No firm date for 'real construction'.

But enjoy the show.
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At least it's better than the show down at 50 Wilson Heights, where they closed the parking lot for absolutely no reason (ie, there's nothing going at the site right now).
 

From the Gupta Group press release this afternoon (December 9). ​

​

The Gupta Group Celebrates Groundbreaking of Yonge City Square with Ontario Premier Doug Ford​

The Gupta Group logo (CNW Group/The Gupta Group)

TORONTO, Dec. 9, 2024 /CNW/ - In a landmark moment for Toronto's real estate market, The Gupta Group broke ground today on Yonge City Square, the largest new residential project to begin construction in 2024 in the greater Toronto area and the first new development in the Hoggs Hollow neighbourhood in over 20 years. The event, held at the project's site of 4050 Yonge St., marked a significant step in addressing Ontario's housing needs, with Premier Doug Ford and The Gupta Group leadership celebrating this ambitious development.​


Reema Balaram, Rashmi Gupta, Dr. Steve Gupta, Ontario Premier Doug Ford, Reetu Gupta, and Suraj Gupta (left to right)Credit: George Pimentel (CNW Group/The Gupta Group)

Reema Balaram, Rashmi Gupta, Dr. Steve Gupta, Ontario Premier Doug Ford, Reetu Gupta, and Suraj Gupta (left to right) Credit: George Pimentel (CNW Group/The Gupta Group)

The Gupta Group's decision to move forward with construction ahead of schedule demonstrates its commitment to delivering 700 new homes to the city. Dr. Steve Gupta, Founder and Chairman of The Gupta Group, reflected on the broader impact of the project, saying, "Today's groundbreaking represents not only the beginning of Yonge City Square but also a testament to Toronto's growth and resilience. This development will transform the Hoggs Hollow neighborhood and inject vitality into the local economy."

Yonge City Square will feature two stunning high-rises at 32 and 14 storeys, boasting over 700 suites, ground-level retail, commercial space, and 36,000 sq. ft. of resort-inspired amenities. Backing onto the scenic Don Valley Golf Course, the development is directly connected to the York Mills subway station, offering residents unparalleled convenience and connectivity. Amenities include an expansive ninth-floor terrace, a fitness center with state-of-the-art facilities, stylish entertainment lounges with golf simulators, an outdoor mini-put golf course, and a luxurious outdoor pool.

During the ceremony, Reetu Gupta, CEO of The Gupta Family Foundation and Ambassadress of The Gupta Group, emphasized a philanthropic initiative that ties Yonge City Square's success to a meaningful cause. For every unit sold, The Gupta Group will donate $1,000 to the Princess Margaret Cancer Foundation, with a commitment to top off the donation at $1 million upon the final closing of all units. "This is more than just a project for us—it's a way to give back to the community while building for the future," said Reetu Gupta.

Dr. Steve Gupta concluded the ceremony with a vision for the project's legacy. "Yonge City Square is a reflection of our belief in Toronto's potential as a world-class city. It's about creating homes, opportunities, and communities that elevate the way people live and connect. We are proud to play a role in shaping the future of our City and the province of Ontario."

Occupancy for Yonge City Square is expected in Spring 2028, marking the beginning of a vibrant new chapter for Toronto's Hoggs Hollow neighborhood.

For more information about Yonge City Square, visit YongeCitySquare.com.
 
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