AOYUAN In Toronto
M2M Condos by Aoyuan Property Holdings
A planned redevelopment of Newtonbrook Plaza in Toronto by Aoyuan International Canada, designed by Wallman Architects.
Number of units
: 5915 Yonge Street, Toronto
: Aoyuan Property Holdings
: Wallman Architects
Aoyuan Property Groups Enters Toronto Market at Newtonbrook
The redevelopment of Newtonbrook Plaza, on Yonge Street at Cummer Avenue in North York, has been on UrbanToronto's radar for several years now. The 8.6-acre property currently represents a gap in the wall of intensified development that has been marching north from the 401 over the last couple of decades, changing the nature of Yonge Street from a low-rise 1950s and 60s Toronto suburban dream strip into the high-rise corridor we know today as North York City Centre.
UrbanToronto's thread for the site starts on October 6, 2011, a day after the then owners of the site submitted an application to rezone the property for the type of development being seen elsewhere strip. Without a decision made by Council—long past the 180-day limit imposed for Official Plan Amendment applications—the proposal went before the OMB in September, 2015, and was approved the following year. Subsequently, on November 1, 2017 it was noted that Aoyuan Property Holdings had purchased the property, and now the company—its parent based in Guangzhou, China, and listed on the Hong Kong Stock Exchange—is ready to announce its arrival in Toronto.
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