LCBO queens quay

LCBO headquarters on Queens Quay to become condos

The condo boom on the eastern waterfront continues at breakneck pace with news that the LCBO headquarters on Queens Quay has been sold to a trio of real estate developers in Menkes, Greystone Managed Investments and Triovest Realty Advisors. The sale of the prime property is reported to have fetched $260 million.

In addition to condos, the site to the east of Yonge St. will also house a 26-storey office tower featuring a sprawling 600,000 square foot LCBO location. Given that the existing warehouse has a heritage designation, it's almost a sure bet that the facade of the existing north building will be preserved as part of the new development.

Waterfront Toronto will be a major part of the redevelopment plans, which all parties promise will accord with the wider vision for the eastern waterfront. In keeping with this, we can expect parks and new streets meant to mitigate the sense of monolithic construction on the water.

Construction is expected to begin in 2017 with a completion date pegged at 2021. In the meantime, the LCBO is on the hunt for a new Toronto warehouse that will bolster its main hub in Whitby.


Latest Videos



Join the conversation Load comments

Latest in City

Toronto police ticket normies while cop car parks in illegal spot across the street

Ontario could see its first snowfall of the season this week

A mysterious new chain link fence is confusing everyone at Trinity Bellwoods Park

Toronto cyclist outraged but lucky to be alive after being struck by school bus

Toronto's most iconic movie theatre is about to close for a major glow-up

Numbers show inflation in Canada is hitting millennials and Gen Zs the hardest

These are the most haunted and spookiest places in Toronto

The salmon run is back in Toronto and here's how to see the action