The development proposal for lands at 55 Lake Shore Boulevard East will provide an opportunity for the LCBO, the Province and the City to realize a highly active, mixed use development in the heart of Toronto’s Waterfront. In full view from the Gardiner Expressway and just east of Yonge, the proposed development involves the adaptive reuse of one of the City’s iconic heritage warehouses. With new north-south connections and enhanced activation of Queen’s Quay through retail and cultural programming, the proposed development will establish a formidable link connecting the Downtown to the Central Waterfront.
Consisting of four (4) residential towers, two office towers and a cultural facility built over 4 city blocks, the Master Plan comprises:
- 27,151m2 of retail to be situated at-grade along Queens Quay East with above grade in the office towers;
- 377,148m2 of residential, including 15% affordable rental housing;
- 83,873m2 of Office located in two towers at the intersections of Queens Quay East and Freeland Street and Lower Jarvis Street; and;
- 0.2 hectare for public open space and a cultural facility with a footprint of 4,500m2 located along Queen’s Quay East.
With affordable rental units and market units along-side office, cultural and retail components, the LCBO Master Plan proposal ensures that this downtown waterfront development is accessible from all points in the City and to all income groups through family-supportive space and programming. Moreover, the adaptive re-use of the LCBO Warehouse will conserve a significant resource on the City’s Inventory of Heritage Properties. Retail uses are proposed to be distributed throughout each phase and take advantage of the street frontage along Queens Quay East. Its central park and cultural facility energetically integrates into the cultural corridor of the waterfront.