Shelborne Capital has unveiled plans for two high-rise buildings, standing at 44 and 41 storeys, near the upcoming Finch West Light Rail Transit (LRT) station in North York, Toronto. This development aims to provide nearly 1,000 new residential units, along with commercial spaces, a childcare facility, and a new public park, contributing to the area's growth and urbanization.
The proposed site is strategically located to benefit from the future Finch West LRT, enhancing connectivity for residents. The development includes a mix of residential units, catering to diverse housing needs in the community.
In addition to housing, the project plans to incorporate commercial spaces, fostering local businesses and providing convenient services for residents. A childcare facility is also part of the proposal, supporting families in the area.
A new public park is included in the development plans, offering green space for recreation and community activities. This aligns with urban planning goals to create livable and sustainable neighborhoods.
Shelborne Capital's proposal reflects a broader trend of high-rise developments in Toronto, particularly near transit hubs. For instance, a 39-storey mixed-use tower has been proposed at Bathurst and Finch, aiming to add nearly 500 residential units to the area.
As the city continues to grow, such developments are expected to play a crucial role in addressing housing demands and promoting urban density, especially in areas with improved public transit access.