TORONTO — Flagship Development Group, on behalf of Cando Apartments, has submitted a plan to the City of Toronto that is looking to transform the corner of Kennedy and Sheppard in Scarborough.
The application, currently under review, seeks to add more than 1,300 new rental units while upgrading and replacing other existing units across the property. All of the units would be constructed in advance of any demolition “to ensure that existing tenants can move directly into their new homes without the need for off-site relocation,” states a release.
The site is in close proximity to the Agincourt GO Station in a rapidly growing transit hub.
“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 Jeff Greene, co-founder of Flagship, in a statement.
Flagship is currently managing several rental projects across Ontario, totalling 4,000 units.
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