Queen's Park puts LCBO head office on sale
Government is selling 11 acres of LCBO properties near Toronto's waterfront
The Ontario government is moving ahead with its plan to the sell the LCBO's head office and other properties in downtown Toronto.
The lands total 11 acres and include:
- The LCBO's head office at 55 Lake Shore Boulevard East.
- A warehouse at 43 Freeland St. and adjoining land.
- LCBO's retail store at 2 Cooper St., next to Queens Quay.
A government news release says money from the sale will go toward infrastructure projects such as roads, bridges and transit.
The government will sell the properties through a request-for-proposal process. The buyer will also have to provide the LCBO with a new head office and a downtown retail store to lease.
In announcing the sale on Thursday, Infrastructure Minister Brad Duguid would not put a figure on how much the sale could potentially fetch.
The LCBO headquarters is designated as a heritage building, which could limit redevelopment options for a potential buyer. Duguid denied this would limit the sale price.