Observer Walt
Senior Member
Have not seen this posted elsewhere; my apologies if it is already here. Land on the south side of Burnhamthorpe Road, at the southwest corner of Kariya Drive, one block west of Hurontario, has been recently purchased by Greenpark Homes. The total site area is just under six acres. This land has been vacant for decades, but is in very close proximity to both existing condominium apartments and office development in the City Centre.
Part of the land would have to be dedicated to the City, for an extension of Webb Drive which presently dead-ends at the west end of this land. We'll watch to see what proposal may come forward, presumably within the next few months.
As a side point, Greenpark is noted more for low-rise development, so this may signal a change of strategy for them. More likely, I would guess that a joint venture may be in the works.
Part of the land would have to be dedicated to the City, for an extension of Webb Drive which presently dead-ends at the west end of this land. We'll watch to see what proposal may come forward, presumably within the next few months.
As a side point, Greenpark is noted more for low-rise development, so this may signal a change of strategy for them. More likely, I would guess that a joint venture may be in the works.