Dream Asset Management plans extensive extensive Scarborough development

Ontario Construction News staff writer

The vision is evolving for a master-planned Scarborough community.

Dream Asset Management Corporation recently submitted an Official Plan Amendment (OPA) application re-submission and zoning by-law amendments to the City of Toronto to redevelop the site at 2200-2206 Eglinton Ave. E. The developers had earlier submitted an OPA for the property in August, 2018, but this has now been revamped to respond to the Golden Mile Secondary Area policy framework, Databid.com reports.

Toronto Storeys reports the refined proposal maintains the basic structural ingredients of the original 2018 plan, which also includes the overall street and block plan and retaining existing office uses – the site had originally been the Aviva Insurance’s headquarters — and the approach to overall density.

The revised plan has resulted in a redevelopment concept “that is more varied and fits better with the site’s cur-rent and future context, and explains the planning rationale prepared by Urban Strategies Inc.,” DataBid reported.

Quadrangle Architects Ltd. has designed the multi-building complex to include residential, retail, office and park space.

Overall, the vision calls for 3,547 residential units (of which 976 would be rentals) and a gross floor area of 2,897,224 sq. ft. The development is along the under-construction Eglinton Crosstown LRT line.

Work will start on the site’s south-east corner, integrating the existing seven-storey office structure and a four-storey parking garage into the master plan.

In the second stage, there would be two residential towers, 46 and 39 storeys tall, connected by a three to four storey base building with a gross floor area of 65,700 sq. m., DataBid reports.


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