Toronto 17 Glenavy Avenue | ?m | 34s | Elysium | Gensler

[Northern Light]

Terracap has registered to lobby on an assembly of 17-29 Glenavy, which is located just to the north-west of Bayview and Eglinton.

The site as it is today:

Aerial View:

Site Size: ~24000ft2

Comments: Likely covered by the Bayview MTSA; that is the only way I can imagine going that far into a 'neighbourhood' with a development plan of any scale.

Precedent is tough to judge here as this one does not front a major street, but the the proposal for 2-20 Glazebrook is very close, and the ask there is 34s.

 

[Midtown Hank]

I don't see how this works without the parcel to the NE, but I guess we'll find out. Because of the MTSA, the density asks in the area are super aggressive.

 

[AlbertC]

Bayview and Eglinton - Elysium Investments

Bayview & Eglinton Toronto Prime Midtown Toronto residential hi-rise site located approximately 150m from the Leaside LRT Station, at Bayview and Eglinton. The Leaside Neighbourhood is highly desired, being wellserved by public parks, boutique restaurants and retail, reputable schools and...

elysiuminvestments.ca

 

[Northern Light]

As per the images from @AlbertC I have modified the proponent in the title, and added story count based on the site plan.

 

[christiesplits]

Wow, this area is exploding with development.

 

[AlbertC]

Elysium forms JV, plans 67-storey Toronto Isabella St. tower

Elysium Investments has only been part of the Greater Toronto Area development industry for a year, but it already has three high-rise multifamily projects in the pre-construction phase and a pipeline of other potential projects in the works.

renx.ca

Elysium is partnering with Terracap and Trolleybus Urban Development for a project on a recently acquired half-acre site at 17-29 Glenavy Ave., approximately 150 metres from the Leaside station on the under-construction Eglinton Crosstown light rail transit line near Eglinton Avenue East and Bayview Avenue.

Trolleybus assembled seven properties for the development site. The partners are fine-tuning their pre-application consultation package, but they’re proposing a Gensler-designed high-rise tower with a townhome podium totalling approximately 350,000 square feet in the hot development area.

 

[Northern Light]

As per @AlbertC 's post above I have modified the title to include Gensler.

@Paclo is flagged.