Canadian Tire is getting into the condo business with a huge proposal to redevelop its retail property and attached gas station at 835 Yonge Street. Canadian Tire Corporation Limited submitted a Zoning-By-law Amendment application in September for a pair of high-rise residential towers to be constructed at the site of their existing store at Yonge and Church.
The project will include:
- 49 storey north tower fronting Yonge St.
- 41 storey south tower fronting the TTC subway corridor
- Shared ten storey podium
- Include 950 condominium units
- Large retail space of 17,663 square metres housing a new Canadian Tire location
- 665 one-bedroom units
- 190 two-bedroom units
- 95 three-bedroom units
BlogTo states that the plan calls for fraternal twin towers with a design from Adamson Associates Architects that incorporates the retained frontage of the current retail store and includes a replacement location for the existing Canadian Tire store, minus the gas bar.
Just south of the retail space, at the site's southeast corner, the footprint of the existing gas station would be replaced with a new publicly accessible green space measuring 672 square metres.
The site currently includes the Canadian Tire store, a Service Ontario office (839 Yonge Street), and a Canadian Tire gas station (835 Yonge Street). The site also includes a parking lot.
The site is located in midtown, in close proximity to several transit stations, public amenities and parks.
This proposal would mark the second instance of facade retention for the current building.
The former Grand Central Markets was constructed in 1935 and purchased by the Canadian Tire Corporation in 1936. The building was expanded in the 1980's in an early case of facade retention in Toronto. It is now slated for another facadectomy just a few decades later.