Huge new development proposed for Yonge & Gerrard
Yonge and Gerrard might look a lot different in the near future thanks to a massive new development proposal that aims to makeover the site currently occupied by the Eaton Chelsea Hotel. This will join another mega project already in the works at the southeast corner.
The area is currently home to Aura, which at 78 storeys is the tallest residential building in Canada. But according to Urban Toronto, there's a redevelopment plan in the works for four mixed-use towers -- proposed at 80, 74, 50 and 46 storeys -- that'll bring nearly 1,900 additional residential units as well as 300 hotel rooms to this already busy intersection.
The rezoning application also includes a fifth retail and commercial building, a pedestrian pathway that'll run between Gerrard and Elm and plans to reconnect Walton Street. In other words, Yonge and Gerrard is set to rival Yonge and Bloor in terms of soaring development.
Given the early state of the application, however, there's no certainty that this development will unfold as proposed.
What do you think of the redevelopment plan for Yonge and Gerrard? Let us know in the comments.
Photo by Stephen Haber
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