For many years neither the original owner, the City of Toronto, nor Gupta could figure out what to do with the prime spot. The city considered a few uses but gave up and sold it to Gupta eight years ago. Gupta worked with the city on a mixed-use office concept but that didn’t add up either, the chairman said.
“It’s been dark. Looking at it, I have parked there many times,” said Gupta, recalling numerous conversations he had with local professionals in the affluent Hoggs Hollow neighbourhood.
Finally, the firm struck a deal with the city for residential. Zoning has been obtained and the first shovels will go in the ground later this year with a mid-2027 completion targeted. The official launch was Feb. 22.
The property will feature 30,000 square feet of amenities including a ninth-floor terrace with an outdoor pool, private cabanas, barbecue stations, outdoor prep kitchen, firepit and dining lounge; entertainment lounges with a golf simulator and bar overlooking the golf course; and a fitness centre with a yoga studio, dance studio, private training, infrared sauna and salt treatment room.
In addition, Gupta Group has agreed with the city to completely rebuild the York Mills subway station.