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First Capital Realty submits application for 28-acre Toronto development site

First Capital Realty Inc. submitted an official plan application with the city of Toronto for its 28-acre mixed-use development site at 2150 Lake Shore Blvd. W. at Park Lawn Road.

In 2019, the City Council and the Local Planning Appeal Tribunal gave the go-ahead for the conversion of 24.5 acres of the site into a regeneration area, with the remaining 3.5 acres retained as employment lands.

The Canadian property developer said its proposal for the site includes 7 million square feet of density, consisting of 1 million square feet of retail, office and service-based uses and 6 million square feet of residential. More than 25% of the site is dedicated to parks and open community gathering areas.