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Excavation will be complete in April on 10-acre, 1.8-million square foot World on Yonge

Excavation is nearly complete on the 10-acre site that will be the World on Yonge, a 1.8-million square foot mixed-use development at Yonge and Doncaster.

The former site of a Hy & Zel's anchored strip mall at 7171 Yonge Street, the development is one of several large-scale mixed-use projects designed over the past several years by Kirkor Architects. The World on Yonge schedule more or less mirrors another of these, the Hullmark Centre, south on Yonge at Sheppard.

Once completed, it will include a retail plaza, office tower, hotel and four residential towers, all by Liberty Development.

Originally scheduled to be built in four phases, sales and rentals were brisk enough, according to Kirkor's Cliff Korman, that it's been reduced to two. "It sold so well," he says, "that 1.1 million square feet is being done all at once."

The first phase will be the retail plaza and the facades facing Yonge Street, including 700 residential units, 120 hotel room, 250,000 square feet of retail, and 180,000 square feet of commercial.

Once excavation is completed in April, Korman expects it will take about 9 months to put in the 2,408 underground parking spaces.

Writer: Bert Archer
Source: Cliff Korman

Do you know of a new building going up, a business expanding or being renovated, a park in the works or even a new house being built in the neighbourhood? Please send your development news tips to bert@yongestreetmedia.ca.

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