Developer plans to turn Toronto Canadian Tire store into two condo towers

danforth ct rendering

Ontario Construction News staff writer

Developer Tri-Metro Investments Inc. has submitted a rezoning application to allow it to construct two condominium towers on a Toronto Canadian Tire store site.

The proposal for 2721 Danforth Ave. would redevelop the store into two towers, one 35 and the other 45 stories tall, connected by a podium, reports in its recent weekly newsletter.

Urban Toronto reports that the site is next to a huge surface parking owned by the Canadian Tire Corporation, but the surface parking lot is not part of the 2.4 acre proposed project.

tower renderingsRAW Design is the architect for the 75,330 sq. m. mixed-use development, including retail and commercial businesses along  Danforth Avenue. There would be 1,139 residential units in the two structures including 77 studios, 611 with one bedroom, 334 with two bedrooms and 117 three bedroom units.

The developers propose providing parking for 360 vehicles and 1,141 bicycles.

existing site
The site before redevelopment Google Maps Data 2022

The proposed project includes a new 0.136 acre public park to the west of the site with a mid-block connection.

“The intent is for the parkland dedication to be consolidated with another eventual parkland dedication to the west to form a larger, central park feature in the centre of the overall development area.” DataBid says. “The public park will be facing what is now the surface parking lot.”


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