Leon's Furniture plans for 4,000 homes near Toronto headquarters

Leon’s Furniture Ltd. has received approval to rezone the area surrounding its Toronto headquarters to make way for 4,000 new homes, the company announced Monday.

The 40-acre parcel of land, located next to the interchange between Highways 400 and 401 north of the city, will include a “new flagship retail store and corporate headquarters on the site,” in addition to the 4,000 residences.

The homes will include “townhouses, mid and high rise buildings and community spaces,” Leon’s said.

“Rezoning this large parcel of land creates an unprecedented and historic opportunity for the City of Toronto and the company,” Michael Walsh, president and CEO of Leon’s Furniture, said in a news release.