The 11 Wellesley Street West site, viewed from the northeast last year …
… and viewed today from the northwest on Wellesley Street near Bay Street
This image, from a flyer on the CBRE Limited website, shows an aerial view of the property now listed for sale for redevelopment
This illustration, also from the CBRE Limited online flyer, suggests the highrise development potential for the 2-acre Ontario Government property
Park plans deep-sixed?: Downtown residents who were hoping a new public park would be created on provincial government property that has sat vacant near Yonge & Wellesley for years will be dismayed to learn that the land has instead been listed for sale for potential highrise redevelopment. Nevertheless, a city councillor plans to seek City Council approval to direct municipal real estate officials to negotiate acquisition of the property “for parkland purposes.”
A commercial real estate advertisement in today’s Globe and Mail newspaper touts the 2-acre “East of Bay” lands at 11 Wellesley Street West as a “downtown Toronto development opportunity.” The ad, published by real estate brokerage CBRE Limited, says the land “is located in a prime downtown residential development corridor,” and is “centrally positioned” between the city’s financial core and its tony Bloor-Yorkville district.
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