< img src ="https://storeys.com/media-library/image.png?id=61525494&width=1200&height=600&coordinates=0%2C27%2C0%2C28"alt =""> A Zonix Group development site has actually hit the marketplace for an unlisted cost, using designers the opportunity to erect a high-density, transit-oriented residential advancement at the border of Toronto and Markham. The sale of the site is being represented by Jeremiah Shamess and Matthew Soper of Private Capital Investment Group at Colliers and it currently has approvals in location for a 40- and 44-storey complex set to deliver 1,060 domestic units, and potentially more.Located at 36-48 Steeles Avenue East and 37-49 Highland Park Boulevard, the website covers 2.3 acres and is bounded by Steeles Avenue in the south, Dudley Avenue in the west, Highland Park Boulevard in the north, and single-detached residences in the east. Presently the site is occupied by 14 single-family homes that would be destroyed upon redevelopment of the land.Zonix initially
proposed the redevelopment of the site in early 2019 with an Authorities Strategy Change (OPA) and Zoning Bylaw Amendment (ZBA) application submitted the City of Toronto, City of Markham, and York Region. At that point, prepares required a lower 27- and six-storey advancement that would have delivered 533 systems.
Now authorized for the website, as of Might 2024 via the Ontario Land Tribunal (OLT), is a two-tower domestic complex with overall heights more than double the original proposal. In total, the task would consist of 858,648 sq. ft with a Flooring Area Index (FSI) of 8.27. Strategies attend to 510 automobile parking spaces, 740 bicycle parking areas, a 19687-sq.-ft public park, and a 4843-sq.-feet privately-owned publicly-accessible space.Specs: Address:
- 36– 48 Steeles Avenue East and 37-49 Highland Park Boulevard
- Zoning: Residential zoning and designated Residential Mid Increase under the OPA
- Approvals: OPA and ZBA approved
- Size: 2.3 acres and 858,648 sq. ft of GFA
- Sales Questions: Colliers (Jeremiah Shamess and Matthew Soper)
In addition to the currently protected OPA and ZBA, Colliers shares that a third structure could be included into the mix. “On June 23, 2025 the Vendor had a positive pre-consultation meeting with the City concerning including a 23 floor rental tower, which would deliver an extra 250 units and 180,000 SF of GFA to the development,” checks out the listing. “Initial feedback from the City was favorable, and a formal resubmission is anticipated in Summertime 2025.”
< img alt ="" height="1198" src ="// www.w3.org/2000/svg' viewBox ='0 0 714 1198'%3E%3C/svg%3E" width="714"/ >< img alt ="" height="1198" src ="// www.w3.org/2000/svg' viewBox =' 0 0 2140 1198'% 3E %3C/svg% 3E" width="2140"/ > From a place point of view, the website is located along among North York’s significant roadways and, as such, is well-serviced by existing and prepared transit choices. The website enjoys easy access to Highways 407, 404, and 401, many high-frequency bus services on Steeles Avenue and Yonge Street, and is located within strolling distance of a major transit station on the planned Yonge North Train Extension.On top of that,
the neighbourhood is ideal for residential advancement, with facilities like the Centerpoint Shopping center and a broad array of restaurants, parks, schools, and other conveniences in the area. As well, the location has appealing market features, such as a well-read, high-income, working-age population, and an over 90% employment rate, according to Colliers.Interested designers would have the chance to provide
much-needed magnified domestic development to this vibrant corner of North York, helping to assist in advancement and development of a neighbourhood currently going through significant transformation. Major advancements close-by consist of 2 suggested 50-storey mixed-use towers, one at 7 Steeles Avenue East and one at 6979 Yonge Street.