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As one of Canada’s first industrial parks, Toronto’s Golden Mile was modeled after the Golden Mile in London, England and grew from a heavier commercial and industrial park into a lighter commercial and big box retail node. The success of these businesses drew residents to the area and a large number of apartment buildings were developed to satisfy the demand. In 2011 the City of Toronto and Metrolinx announced the new crosstown transit plan, bringing attention back to the potential of this node and garnering interest from major developers. Since then, the Golden Mile has become a future development opportunity for many developers who wish to be part of reinventing an iconic part of Toronto’s East end.
The Golden Mile is quickly becoming a sought-after mixed-use community with new developments being conceptualized and support from the City and Province through secondary plans and more ambitious planning guidelines. Most recently, the Golden Mile Secondary Plan is in the process of updating its policies to reflect the City’s vision for intensification of the area. Many properties have development applications submitted to be reviewed while the Golden Mile Secondary Plan is updated.
Between these properties, lies an exciting opportunity to be part of reshaping the Golden Mile. Improved with a retail plaza, 100 Eglinton Square is an exceptionally well-located Site at the South-West corner of Eglinton Avenue East and Pharmacy Avenue. The site enjoys being part of the Avenues Urban Structure Designation.
Located within the Golden Mile Secondary Plan Study Area, and included in one of six focus areas in the Eglinton Connects LRT Study, the Property sits within an area where the City is looking to intensify with high density, mixed-use redevelopment. Just steps from the new Eglinton Crosstown LRT (currently under construction), it has exceptional access to transit which, according to Metrolinx, promises to decrease current travel times by 60%. With local amenities such as shopping malls, restaurants, grocery stores, parks, theatres, gyms, and big box retail stores, the Site is well positioned for redevelopment.
With the Site being considered a “Tall Buildings Site” in the Golden Mile Secondary Plan Study, high-level development concepts predict the Site can support up to 40-storeys and up to 330,000 sq. ft.
CBRE Limited is accepting offers through its online dataroom (Sharefile), which will provide more material included tenancy information and massing models.
For more information, contact
Frank Protomanni
416 495 6299
frank.protomanni@cbre.com
Pat Viele
416 495 6258
pat.viele@cbre.com
Themy Koutrakos
416 798 6231
Themy.koutrakos@cbre.com
Allison Gilks
416 495 6310
allison.gilks@cbre.com
Alex Protomanni
416 495 6284
alex.protomanni@cbre.com
Cliff Sifton
416 495 6208
cliff.sifton@cbre.com