There may be development ahead for the York Mills TTC station property as well as the Eglinton East station lands. City council recently transferred two sites to Build Toronto, a city corporation that examines ways in which city properties can be leveraged to increase revenue.
“All I can tell you at this point is the city has approved two sites to transfer to Build Toronto,” said John Macintyre, senior vice-president of corporate affairs at Build Toronto.
A geo-technical and environmental assessment is currently underway, he said. “We are looking at what can be built and existing site conditions,” he added. He said they are also in talks with a number of potential partners. “We want to ensure it comes in to a high-value project for the community and the city,” Macintyre said. “It’s at a major intersection right on a transport node,” he said, of the York Mills site, and added that there are a large number of other commercial buildings in the area.
Coun. Karen Stintz said the TTC is considering putting a new building for their offices on the York Mills TTC lands on the northwest corner of Yonge and York Mills currently home to a busy parking lot. “There would no longer be a parking lot, but the TTC would consider whether or not it would be a good location to build an office,” Stintz said.
In addition to unlocking the value in the City of Toronto’s real estate, Build Toronto’s mandate is to stimulate job creation and regenerate the city’s neighbourhoods. “We will also be launching Build Toronto’s strategic plan and how the company is going to be moving forward,” Macintyre said. “One of the strategic opportunities we are going to be looking at is the sites they have that have development potential.”
