The LCBO property on Lakeshore Blvd. has sold to Menkes Developments Ltd. for $240 million. It appears a partnership including Menkes, Greystone Managed Investments and Triovest Realty Advisors will propose a 24-storey office tower that will house a new LCBO head office and a large liquor store, commercial space, a “residential community” and a public park. The government says it is putting net proceeds from the sale toward infrastructure projects. Menkes says construction on the office tower will start in the fall of next year and is expected to be complete in early 2021.
