Category Archives: 11 Wellesley West

Wellesley Street site touted as potential new park now listed for sale for highrise redevelopment

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11 Wellesley Street potential city park site

The 11 Wellesley Street West site, viewed from the northeast last year …

 

11 Wellesley Street West Toronto

… and viewed today from the northwest on Wellesley Street near Bay Street

 

CBRE Limited website illustration of the Bay & Wellesley lands

This image, from a flyer on the CBRE Limited website,  shows an aerial view of the property now listed for sale for redevelopment

 

CBRE Limited website illustration of the Bay & Wellesley lands

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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Dream still alive for green space or new park on boarded-up block of Wellesley Street West

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11 Wellesley Street West Toronto

January 25 2012: The Ontario Government is examining its options to make a prime piece of real estate on Wellesley Street West available for new city green space. The vacant property has been surrounded by navy blue hoarding for years.

 

More parks for downtown?: City planners and politicians alike have admitted that the central downtown area, and particularly the district between College and Bloor Streets, is woefully deficient in public parks and green space. But at least one new park — and possibly several more — could be in the cards for the city core, according to an Ontario Cabinet minister.

Glen Murray, the MPP for Toronto Centre and Minister of Training, Colleges and Universities, says the province is examining its options for making a vacant parcel of property on Wellesley Street West available to the city for redevelopment into green space or a park of some kind. Other provincially-owned lands in the downtown core also might become available for additional parkland, Mr. Murray told the first annual general meeting of the Church Wellesley Neighbourhood Association (CWNA) last night.

 

 

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