In 2018, Crown Realty Partners and Crestpoint Real Estate Investments Ltd. purchased the Dundas-Edward Centre. They plan to incorporate physical improvements, including modernizing lobbies and corridors; the introduction of a fitness concept and other on-site amenities; as well as several upgrades to the building’s exterior. They also plan to incorporate a new leasing strategy by appealing to a broader mix of tenants, rather than the previous focus on healthcare uses. Hence, they have created model suites from 3,000 to 5,000 square feet.
While these additions are somewhat notable, the site could still accommodate a higher density to truly take advantage of its close proximity to the Dundas (500 m) and St Patrick (150 m) subway stations. Directly beside our proposed tower addition, is a planned 55-storey mixed-use development at 481 University Avenue. It is only a matter of time before the surrounding context of the Dundas Edward Centre is scaled upwards, and our proposal would ensure that there are no untapped opportunities for the future of this site.