8330 & 8332 Kennedy Road


Kennedy Road & Highway 407
8330 & 8332 Kennedy Road

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Land Information

  • Details

    Lennard Commercial Realty (“the Advisor”) has been exclusively retained by its client (“the Vendor”) to coordinate the sale of a future high-rise development site comprised of 4.086 acres of land located at 8330 & 8332 Kennedy Road in the City of Markham (“the Property”). The land is located on the west side of Kennedy Road at the corner of Unionville Gate (Enterprise Blvd). The Property is in the very exciting Markham Centre Community surrounded by significant amenities such as Hwy 407, Unionville GO Station, new campus for York University, Pan Am Centre, “Downtown Markham”, Unionville Main Street and much more.

    Planning Context

    The Property is part of the Markham Centre Secondary Plan as Mixed Use. The secondary Plan is currently being updated to accommodate much more density than originally anticipated. The property is currently tenanted by Shell Canada, but it is believed that the highest and best use is a high-rise condominium development such as the concept portrayed in this CIM. Densities of 7 FSI and higher are being realized on neighbouring sites. Please see enclosed concept plans for the subject.

    Opportunity

    The Advisor, on behalf of the Vendor, is soliciting development and building firms for Agreements of Purchase and Sale for the property. Submissions shall be made on the Vendor’s Standard Form of Agreement of Purchase and Sale. Date for offer is Wednesday June 2nd, 2021 at 3:00 pm. Do not approach Vendor’s Consultants without written consent from the Vendor. All questions for the Vendor shall be submitted in writing before Tuesday May 18th, 2021 and will be responded to on a timely basis. See Page 53 of the CIM for important Considerations. Please contact Brad Warren and Stephen Connell for more information, Confidentiality Agreements and access to the secure data room. Please submit all offers to Stephen or Brad. This offering is on MLS and we are cooperating with the brokerage community.