New Development in Leslieville East

A little while ago we reported that developers were getting set to announce some serious plans for development along Queen Street East in Leslieville and Riverside. Back in August a development group named Trolleybus (um kind of a ripoff of Streetcar…) held a meeting with the BIA and local property owners to discuss their latest project. Here are some details and notes from that meeting.

Who

Trolleybus Developments along with Rockport Development Group are experienced Toronto developers with thousands of completed units under their collective belt so we’re not concerned with their ability to get this done. Unlike that mess at Pape & Queen! They’re calling in the highly skilled designers and architects from RAW Design and will hopefully hire a local Broker to handle sales (perhaps us???)

What

Their focus is to build an end-user friendly building with wide open floor plans with a nice mix of condos, townhouses, and retail at 1327 Queen Street East on the South East corner of Queen and Laing. The Townhouses will have Memory Lane addresses.

• 8 Stories proposed with 2 street frontages. One on Queen St and the other on Memory Lane
• 13,000sqft of Queen Street retail which could be broken down into five to seven separate spaces. We’d totally get one.
• 150 Residential units in the mid-rise tower with various floor plans and sizes
• Underground Parking and lots of auto-share spots
• 8 large Townhouses fronting on Memory Lane

Good or Bad?

That’s up to you to decide but I give this one a giant stamp of approval. The Eastern portion of Leslieville has been neglected for long enough. Some businesses have managed to stay afloat here but many have come, failed, and moved on. There simply aren’t enough people walking about and shopping there. This development will be a game changer for East Leslieville businesses and will also spike home prices along this stretch. Locals will have the typical objections like parking issues, traffic congestion and shadowing but I’m certain that the City of Toronto will approve this. Perhaps they’ll only approve 6 stories or maybe they’ll get the full 8. Either way, I like the mix of floor plans, the focus on the end-user, and the large townhouses on Memory Lane.

There’s no question that we’ll be THE first to know anything about this so if you’d like to to know more before anyone else. Get in touch right away and we’ll hook you up. Got an opinion? Comment below. Also there’s a public meeting March 24th from 7-9pm at the Maple Cottage located at 62 Laing Street. No need to RSVP, just show up.

 

 

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