Quietly advertised in Lennard’s commercial real estate website is a 252 x 245 foot irregular property known as 16 John Street. It was the old GO Station’s parking lot and is currently home to the Weston Farmers Market.
The Toronto Parking Authority wants to sell the development rights to the site and asks that the purchaser build a 70-space parking lot for use by the TPA (and presumably the Farmers Market). The mls.ca listing says that:
Area Is Undergoing Significant Change With Other High Rise Condominiums Planned In The Immediate Area. The Site Will Also House A Cultural/Creative Hub And Provide For Surface Parking For The Toronto Parking Authority.
It might be nice to know what other condominiums are being planned for the ‘immediate area’. In addition, one can only hope that the bidding process is transparent.
Start saving your pennies; the due date for submissions is 12 noon on October 4th. A PDF of the listing is here.