A new flatiron-shaped tower has been proposed for a major Toronto intersection, and could bring about a huge visual transformation for the predominantly low-rise area. A 76-year-old bank branch at the corner of Weston Road and Eglinton Avenue West is the subject of a new development application from the team of Republic Developments and Silver Hotel Group. The tower is proposed to reach a height just shy of 153 metres. Plans call for 512 residential units, though the tenure has not yet been specified at this stage of the proposal. With the plant long vacated and an LRT station and maintenance facility soon to open in its place, land values have skyrocketed, turning this prominent but awkward wedge-shaped plot of land into a prime redevelopment opportunity for the current owners.