Two Yonge Street
plays in Thornhill.
An acquisition at 7471 Yonge Street and a development assembly at 7509–7529 Yonge Street, both within a short walk of the future Clark Station on the Yonge North Subway Extension.
Zee Holdings Inc.
The Opportunity
The Yonge Project consolidates two adjacent positions on Yonge Street in Thornhill, on the Markham–Vaughan border. Both sites sit within roughly a five-minute walk of the future Clark Station, an underground stop on the Yonge North Subway Extension of TTC Line 1.
7471 Yonge Street is an in-place acquisition: Lampe Towers, an existing multi-residential rental building, contracted from Beaux Properties International Inc. for CAD 90 million.
7509–7529 Yonge Street is the development play: a 1.78-acre assembly at the southeast corner of Yonge and Elgin with a Graziani + Corazza-designed proposal for twin 60-storey towers totalling 1,330 residential units above an 8-storey podium with ground-floor retail.
Key Numbers
Location
Both sites front Yonge Street in Thornhill, which sits on the border between the City of Markham and the City of Vaughan.
7471 Yonge anchors the intersection of Yonge and Clark. The 7509–7529 assembly occupies the southeast corner of Yonge and Elgin, immediately to the north along the same corridor.
The Site at 7471 Yonge
The Assembly at 7509–7529 Yonge
A development assembly at the southeast corner of Yonge Street and Elgin Street, immediately north of the 7471 acquisition.
The site is currently occupied by two operating businesses on land destined for a long-term redevelopment program designed by Graziani + Corazza Architects.
Transit and Connectivity
The Yonge North Subway Extension is an 8-kilometre extension of TTC Line 1 north from Finch Station, adding five new stations along the Yonge corridor.
Clark Station — a future underground stop at Clark Avenue — sits roughly a five-minute walk from both 7471 and 7509–7529 Yonge.
The tunnelling contract was awarded in August 2025 to the North End Connectors consortium, with tunnelling expected to begin in early 2027.
- Yonge North Subway ExtensionTTC Line 1 · under construction
- Clark StationFuture underground · ~5 min walk
- YRT VIVA BlueBRT on Yonge Street
- Langstaff GO StationNearby
- Highway 7 · Highway 407Regional road access
Proposed Development
The proposed development at 7509–7529 Yonge Street is twin 60-storey towers connected by an 8-storey podium, designed by Graziani + Corazza Architects.
The program totals 1,330 residential units with ground-floor retail along Yonge Street.
Site Plan
- 7509–7529 YongeAssembly · ~1.78 ac · SE corner Yonge & Elgin
- 7471 YongeLampe Towers · Yonge & Clark
- 170 Dudley AvenueAbutting · 170 Dudley Limited · not in deal
Building Massing
over an 8-storey podium.
Floor Plates
Deal Terms
Approvals and Context
The sites fall within the Yonge Corridor Secondary Plan study area being prepared by the City of Markham.
The City is targeting early 2026 to bring a draft Final Report and draft Secondary Plan to Council. The Secondary Plan, once adopted, will set the long-term policy framework for the Yonge corridor in Markham, including the Thornhill stretch on which both sites front.
- Aug 2025YNSE tunnelling contract awarded to North End Connectors consortium.
- Early 2026Markham targets bringing draft Final Report and draft Secondary Plan to Council (Yonge Corridor Secondary Plan).
- Early 2027YNSE tunnelling expected to begin.
Next Steps
The items below are placeholders. Each will be filled in only with information provided by the sponsor — no figures, dates or counterparties are assumed.