Regarding the development potential of York Mills Station on Don Mills:
Edit: It should be noted that development at York Mills and Don Mills is impossible due to the floodplain. It's what prompted me to propose moving York Mills station slightly west.
Immediately west of Don Mills there is a large, low density commercial and industrial area. This is an area that might be ideal for a large scale redevelopment, similar to the proposal Unilever lands. This area is roughly centred at York Mills @ Lesmill Road, which is where I'd put York Mills Station for the Don Mills line. I envision an urban area, with good mixture of commercial, residential, mid and high rise.
Any redevelopment of the area would likely include extensive reconfiguration of the local road network, since the area clearly was not designed with high density commercial and residential in mind.
The connectivity of this neighbourhood would potentially make it one of Toronto's most attractive. Just about all of the neighbourhood would be walking distance (800 meters) from York Mills subway station, and from there it would be less than 5 minutes to the Eglinton Crosstown LRT and Fairview Mall and less than 15 minutes to downtown. There would be opportunities for two additional stations in the north and south ends of the neighbourhood (denoted by grey pins on the map). Finally, the DVP and 401 are both only minutes away.
The neighbourhood would be roughly 1.20 km2, 295 acres. In contrast, the Unilever lands proposed for redevelopment is 0.25km2, 60 acres in size and CityPlace is 0.4km2, 96 acres. This is a really large area we'd be working with.
I know City Planing is serious about maintaining industrial employment lands, so I'd expect some of this land would need to be set aside for that purpose.
The detour of the Don Mills line to Lesmill Road likely wouldn't add too much cost. It would add roughly 100 to 200 meters onto the the length of the line.
A new neighbourhood in this area would ideal for a
Tax Increment Financing scheme, similar to Unilever. Hopefully it would be able to generate a few hundred million to contribute to the costs of building DRL LONG.
Thoughts?