Long regarded as one of the most desirable residential neighbourhoods in the city, the condo boom and construction of the Crosstown LRT will further boost development along the Yonge and Eglinton intersection. Affectionately known as "Yonge and Eligible," this vibrant area has become an increasingly popular destination for young professionals. Attracted by its lively retail shops, bars and eateries, quiet side streets, proximity to schools, and convenient amenities, Yonge and Eglinton is a collection of elements that combine into a great urban core. The abundance of office towers and employment space also contributes to the area as it changes it into a multi-dimensional centre of activity. The construction of the Eglinton Crosstown LRT will continue to revolutionize Yonge and Eglinton. This intersection will become the main interchange station for these two transit lines. Being a critical connection point, this transit hub will gain even more significance and create more opportunities for future growth and development.
Earlier condominium developments such as Minto Midtown and Tridel's The Republic gave us a hint of what to expect as this area evolves. A dramatic piece of evolution was annouced recently as Bazis released details on their E Condos project. This will have a prominent impact on the area as it will completely alter the streetscape of the northeast corner of that intersection. As the core of this intersection experiences an impressive transformation, the entire vicinity of Yonge and Eglinton has also received considerable development interest. A particular section that we will focus on today is the south west corner of Yonge and Helendale (2 blocks north of Y/E). Scheduled to be part of the upcoming June 13 community council meeting, preliminary reports have been submitted for 2360 Yonge Street and 31-37 Helendale Avenue.
2360 Yonge Street is the current low-rise block that features shops such as EB Games, HR Block, Money Mart, Gamerama, etc. It features a variety of retail usage on the upper and lower levels. This block has been a familiar presence for area residents for many years now. However, its insignificant built form indicates that redevelopment may soon be a possibility. Knightstone Capital Management has submitted an application for a 28-storey mixed use building with a height of 90 m, including mechanical elements. The preliminary report is available here. A total of 234 residential units is planned. The podium is 6 storeys and will feature 2,270 square metres of commercial space in the basement and first two floors. Diamond Schmitt is the architectural firm involved with the design.
West and east elevation drawings of the 2360 Yonge Street proposal
The next proposal submitted to the city is the adjacent property, comprising of 31-37 Helendale Avenue. The site currently features a series of low-rise apartments and a single house. The applicant, Comare Holdings proposes a 24-storey residential building, of 72 metres in height and containing 231 units. The building will consist of a 19-storey tower rising from a five-storey base. RAW Design is the architectural firm behind this development. Further details are available in the preliminary report found here.
The city has set up a specific page regarding this project's planning process, here.
As these two developments gradually alter the urban fabric of the area surrounding Yonge and Eglinton, could this be a sign of things to come for other nearby properties. This would correlate with the city's plan of intensification and redevelopment into mixed use mid-rise and high-rise buildings along major urban streets and avenues. The emergence of Yonge and Eglinton into a more prominent transit hub will also have a large impact on this area's transition. As urban enthusiasts, we at UrbanToronto enjoy the evolution of the many areas in our dynamic city. Please join the discussion in our Forum threads for 2360 Yonge Street and 31-37 Helendale and to keep up with each project's updates.