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
(Written for Town Crier Jan. 31)
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.