Redevelopment Proposed for Toronto’s Concorde Corporate Centre
Plans for a large, mixed-use community.
1.2 min read
There could be change in the near future for Toronto’s Concorde Corporate Centre as approval for a 3.3 million square foot redevelopment has recently been proposed. Fengate Asset Management, on behalf of the Labourers’ International Union of North America’s LiUNA Pension Fund of Central and Eastern Canada, is looking to transform the office complex into a large mixed-use community. The property currently consists of three office towers just east of the Don Valley Parkway in Toronto.
Joseph Mancinelli, LPFCEC chair, LiUNA International vice-president and regional manager for Central and Eastern Canada, stated, “We acquired Concorde Corporate Centre to assess the development objectives that make the best sense for the neighbourhood, the planning framework and pension holders.”
If approved, the proposed community would comprise 4,086 dwelling units and 3.3 million square feet of residential space, 9,052 square feet of retail, 4,704 square feet of community space, two new public parks, and a new public street.
Learn more about this proposed redevelopment project.
Reference
McLean, S. (2021, November 3). 3.3M-sq.-ft. redevelopment planned at Concorde Corp.. centre: RENX - real estate news exchange. RENX. Retrieved November 4, 2021, from https://renx.ca/3-3m-sq-ft-redevelopment-plan-concorde-corp-centre/.
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