Plans are underway to demolish the plaza at 125 The Queensway for condos up to 50 storeys high.
Another shopping plaza in South Etobicoke may soon be making way for more high-rise condos.
Plans are underway to redevelop the plaza at 125 The Queensway, just east of Park Lawn Road, to make it a community of seven mixed use towers ranging in height up to 50 storeys.
The plaza with large parking lot is now home to a LCBO, a Sobey’s supermarket, Dollarama, Shoppers Drug Mart, TD Bank, Pizza Pizza and some other smaller retail stores.
Plans were filed last March with City officials to demolish and redevelop the prime site that will eventually bring about 4,000 residential units that will include apartments and townhomes.
A brand new community with more than 5,000 residents will be created on the site of this busy plaza at 125 The Queensway.
It will be the second Sobey’s grocery store to soon disappear from the community. The store at Kipling Avenue and The Queensway Mall will also be razed at some point for more condos.
The development at 125 The Queensway will be built in three stages with two roads connecting the community. A public park is also planned as part of the complex, which will be located next to the Ontario Food Terminal.
The site is near the TTC 501 Queen streetcar, upcoming Park Lawn GO station, and is part of higher density housing zone.
There are a number of 50 storey buildings planned for the eight plus acre site.
The proposal from developers call for the five shopping plaza buildings and surface parking to be demolished and replaced with towers rising between 42 and 50 storeys, along with a 12-storey mid-rise component.
The towers would reach heights of 50, 50, 47, 45, 45, and 42 storeys. It is estimated that more than 10,000 people will move to the area when completed.
The park is planned at almost 2,800 square metres at the south end of the lands, which would connect with a future connection to Humber Bay Shores and Lake Ontario across the Gardiner Expressway.
It will be a congested area when completed as 15 other condo towers are also planned for the Mr. Cookie factory site, at 2150 Lake Shore Blvd. W.