Queen's Park puts LCBO head office on sale

The Ontario government is moving ahead with its plan to the sell the LCBO's head office and other properties in downtown Toronto.

• Ontario government to sell LCBO headquarters

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.