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Condos
planned on the site of city's first IGA store
By
Elvira Cordileone
REAL ESTATE REPORTER
As
neighborhood pals during the 1960's Anthony Maida and Michael
Bartello had no thought of real estate during the dog days
of summer when they kicked a ball around on Edenvale Cres.
in Toronto's west end.
But last
fall a big deal took place when Maida bought a city block
along Dundas St. W. from his old friend, practically in their
old neighborhood.
And,
Today Maida starts selling condos on the site 123 of them,
in a planned seven-story building called Glenlake. The property
between Glenlake Ave. and Abbott Ave. North of Bloor St.,
Had been in Bartello's family since the early 1940's.
Maida,
president of the Georgian Group, a residential industrial
development and property management company he runs the company
with his brothers frank and gene. Bartello makes his living
operating his own real estate business.
"I
had many offers for the property," said Bartello. "But
I was waiting for the right time to sell, and I didn't want
to sell it to just anybody. The Maidas and I kept in touch
over the years and when they heard I wanted to sell it we
realized it was a good fit."
Bartello
said his father first bought the piece of land on the corner
of Dundas St. and Glenlake in 1942, when he opened the first
open-air fruit market in Toronto. The market had a simple
tent to shield it from the elements and a solitary tree with
mounds of dirt behind it.
In 1951,
his father Angelo, now deceased, signed on as Toronto's first
IGA dealer and by the early 1960's, he had built the structure
that sits on the site to this day. Over the years the family
bought land surrounding the store(eventually acquiring the
entire block), knocked down most of the houses and used the
spaces for parking.
The planned
residential building is named after Glenlake Ave. and the
Glenlake IGA, which was closed in the late 1970's and stood
vacant until it was leased for use as a mosque for 10 years.
When
the Georgian Group presented its plan to redevelop the site,
local residents were "horrified" to learn that a
mid-rise building, at 1 1/2 times the allowed density was
replacing the low-rise project they had been expecting, said
Carolyn Reimer, a member of the Dundas West Residents' Association.
She said they were also worried about the small number of
underground parking spaces proposed--about 70.
Maida
said they came to an agreement about the parking and redesigned
the building noting the result is a better building and happier
neighbor. As for the density, Maida said the company's studies
indicated townhouses were not economically feasible.
Indeed,
Somei Quan, the city planner for the area said the site is
underutilized. Add to the fact that's it's near the Subway
and she said you have a prime location for intensification.
The only
issue that still rankles the neighbor is that the city will
not allow a driveway off Dundas because of traffic concerns.
Instead, the new building must use an existing laneway, but
Reimer is happy Georgian as agreed to widen the lane and build
a sidewalk, since many residents use it to get to the subway.
As for
Bartello, he's not totally abandoning the property that meant
so much to his family--he plans to buy a couple of suites
in the new building for his young adult children.
Units
are 520 to 1,085 square feet. Prices are $139,900 to $330,00.
For more information, call 416-760-0099 or log on to www.georgiancorp.com
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