Tag Archives: Lorne Persiko

Eglinton W condo parking lot plan

Toronto Parking Authority may sell site to developer
Plan could include new 9-storey condo and underground lot
China House restaurant on Eglinton W could be lost in mix
Kris Scheuer
(Written for Town Crier Jan. 31)

China House restaurant may have to move if new parking lot/development project is approved. Town Crier file photo.

The Toronto Parking Authority is set to make a major development deal near Bathurst and Eglinton and a popular Chinese food restaurant may be lost in the mix.
The city-owned parking authority plans to sell 935 Eglinton Ave. West, which is home to a 43-space surface lot that’s been around for over 50 years. Developer BSAR Eglinton wants to buy the site from the parking authority and build a condo, retail space and a new parking lot.
BSAR already entered into a conditional agreement with N. Kwinter Holdings and Harryetta Holdings to buy an adjacent site at 925 Eglinton Ave. West that’s home to China House restaurant, according to city documents.
The developer wants to consolidate the two sites and purpose a nine-storey condo with main floor retail and an underground parking lot, according to the report presented at a government management committee meeting on Jan. 31.
Councillor Joe Mihevc said there’s been no formal development application yet.

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Forest Hill Village parking lot expands

Thelma and Spadina parking site gets additional spots
The site was once approved for controversial development
By Kris Scheuer
(Written for Town Crier March 25)

Thelma & Spadina Green P parking lot will be expanded. Town Crier file photo.

It may have take 12 years, but more parking spots are coming to the heart of Forest Hill Village.
And all without a new development.
The Toronto Parking Authority got council permission to spend over $1 million to add an additional 11 spaces to the  43-space surface lot at the corner of Thelma Avenue and Spadina Road.
This would require purchasing the property at 457 Spadina Road from Sharon and Fred Green for $898,000 plus another $255,000 for construction and associated costs.
The $1.15 million price tag would come from the Parking Authority’s revenues and the money would be recovered through future parking fees. If approved, the expansion would result in a total of 54 surface spaces at the lot.
“It’s a good opportunity,” said Lorne Persiko, vice president of real estate and development for the authority. “We are expanding the lot. We will do significant greening. It will be good for the area and they (residents) don’t have to deal with a development.”
He is referring to the storied history of this site that dates back at least a dozen years.

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