A 15-acre transit-connected community started construction in North York last week. Almadev began work on LSQ (Lansing Square) at Sheppard Avenue East in the Consumer Road Business Park. The development will bring about 1,600 residential units across six towers.

Set within one of the largest employment hubs in the Greater Toronto Area, the project includes 160 affordable rental suites, 400,000 square feet of commercial space, and 50,000 square feet of retail space surrounding a 1.2-acre public park.as well as to complete this transit-connected community which will include bike lanes.

A rezoning application submitted early this year proposes expanding the total gross floor area to 2.5 million square feet, adding residential, office, self-storage and retail as part of the application. Additional height and density were proposed for the mixed-use buildings to support housing growth of the Greater Toronto Area.

Occupancy will begin in 2028, but the groundbreaking marked the official start of the first phase, which includes LSQ1: a 43-storey tower with 462 units, LSQ2: a 30-storey tower with 338 units, 83 affordable rental units and shared underground parking.

“We’ve always believed in this area and its potential to grow into something exceptional,” said Rafael Lazer, CEO of Almadev. “Reaching this milestone at LSQ, especially in today’s challenging market, is no small feat. It’s a powerful testament to the strength of the development, the resilience of the vision, and the incredible talent and dedication of our team. I couldn’t be prouder of what we’re building here.”