Developer proposes 1,300 new rental units in Scarborough
Flagship Development Group has announced plans to develop more than 1,300 new rental units in Scarborough.
The developers have submitted a plan to the City of Toronto that proposes the redevelopment of properties at 3875 Sheppard Avenue East and 2250 Kennedy Road. The project also calls for upgrading and replacing other existing units across the property, which is in close proximity to the Agincourt GO Station.
"The city needs more purpose-built rental housing, and this is an ideal site to realize that outcome. This is an underutilized site steps to a GO station and along a future subway line." says Flagship co-founder Jeff Greene.
The proposal plans to develop all new units prior to any demolition work. Doing so would ensure that existing tenants can move directly into their new homes without the need for off-site relocation.
Flagship is currently managing several large-scale rental projects across Ontario, totalling 4,000 units.