Toronto 2150 Lake Shore | 215.75m | 67s | First Capital | Allies and Morrison

First Capital have included two northbound left turns lanes from Park Lawn onto the Gardiner westbound.

Meanwhile, now that the Ontario Government has designated the Ontario Food Terminal a Special Employment Area, there will be very little that the City will want to do to the site that doesn't directly improve its functioning, so I cannot see expropriation for new ramps or other intrusions being too likely.

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Full Metal Junkie said:
Pros for you: between myself and @Keyz , you will have a couple of @Michael62 's in this forum thread with a birds-eye view of the whole site:
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As much as I would've loved to see this site get developed and take the GO train to work, I don't think I'll be here by the time the shovels hit the ground. Kids will need more space and space is too expensive in this area.
 
Frequent these forums often but this is my first post.
Was curious what people's thoughts are regarding the implication of this project on the long languishing Mimico 20/20 revitalization? Can they both happen?
www.toronto.ca

Mimico 20/20: A Revitalization Action Plan

The major milestones of the Mimico-by-the-Lake community revitalization initiative are provided below.
www.toronto.ca www.toronto.ca
 
interchange42 said:
First Capital have included two northbound left turns lanes from Park Lawn onto the Gardiner westbound.

Meanwhile, now that the Ontario Government has designated the Ontario Food Terminal a Special Employment Area, there will be very little that the City will want to do to the site that doesn't directly improve its functioning, so I cannot see expropriation for new ramps or other intrusions being too likely.

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Maybe include the educational, commercial and office spaces in the development to be included as part of the "Special Employment Area". Insert lawyers here.
 
mbort said:
Frequent these forums often but this is my first post.
Was curious what people's thoughts are regarding the implication of this project on the long languishing Mimico 20/20 revitalization? Can they both happen?
www.toronto.ca

Mimico 20/20: A Revitalization Action Plan

The major milestones of the Mimico-by-the-Lake community revitalization initiative are provided below.
www.toronto.ca www.toronto.ca
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Welcome to UT @mbort.

I'm not sure why this would inhibit the other, and in fact, should the Christies site be successfully redeveloped, then it would be more likely to encourage improvements just down the road in Mimico… and may even provide some development charge funds to do it.

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Towered said:
Most of the waterfront in Mimico needs a complete re-do. It's awful.
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From link.

A beautiful new shoreline park in Toronto’s west end providing lakefront access and spectacular views of the city.

Mimico Waterfront Park provides over a kilometre of beautiful new shoreline park space in a part of Toronto’s western waterfront that historically lacked public access. The public can now enjoy recreational activities along the multi-use trail and enhanced shoreline, which provides a stunning water’s-edge route to walk, cycle or skate through the neighbourhood.

A unique and accessible urban gem, the meandering park not only enhances the area and connects the local community to the lake, but also helps to re-establish Mimico as a recreational destination for the entire city to enjoy.

Located on the shore of Lake Ontario in Etobicoke, Mimico Waterfront Park provides 1.1 kilometres of shoreline park space between Norris Crescent Parkette and Humber Bay Park West.

Waterfront Toronto, in partnership with Toronto and Region Conservation, opened the first 600 metre (Phase One) western portion of the park in 2008. The final 500 metres of linear park (Phase Two) provides the missing link in the city’s waterfront trail and enables Torontonians to enjoy the lakefront west of Humber Bay Park West for the first time. The second and final phase was completed and opened to the public in October 2012.

Mimico Waterfront Park was designed with sustainability and the native ecology of the area as key considerations. Shoreline restoration and enhancements to terrestrial and aquatic habitats were vital elements of the park’s design. The park was constructed through a lake-filling process along a narrow section of the existing shoreline in order to connect existing local parks.

In addition to adding a new section of the very popular multi-use waterfront trail, Phase One also included the creation of shoreline, embayment and breakwater features, and terrestrial and aquatic habitat enhancements. Phase Two included native plantings and the creation of small pockets of wetland habitat between the boardwalk and shoreline that provide fish and wildlife habitat and soften the shoreline treatment.

Phase One, which opened in 2008, begins at Norris Crescent Parkette and stretches east to Superior Avenue. Phase Two, which begins at Superior Avenue and stretches east to Humber Bay Park West, began in July 2011 and was completed and opened to the public in October 2012.
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phase two

Phase Two extended the park east from Superior Avenue east to Humber Bay Park West and created an additional 500-metre section of the waterfront trail, a 250-metre cantilevered boardwalk, a separate multi-use trail located along the backshore, small pockets of wetland habitat, landscaping and park lighting. Phase Two also included the creation of small pockets of wetland habitat and native plantings.
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I'm sure @Towered was referring to the disgusting walk-up apartment complexes, not the waterfront park. Mimico 20/20 would have redeveloped all of them, but the plan is dead in the water for now, it seems. City's insistence to keep the heights of the new buildings down in this area makes the plan commercially not viable.
 
Full Metal Junkie said:
I'm sure @Towered was referring to the disgusting walk-up apartment complexes, not the waterfront park. Mimico 20/20 would have redeveloped all of them, but the plan is dead in the water for now, it seems. City's insistence to keep the heights of the new buildings down in this area makes the plan commercially not viable.
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Those walk-ups would be owned by individuals or families as income property for them. That is medium-density.

The 905 could be building triplexes and duplexes all around the 905, but their zoning prevents that. That results in the suburban sprawl we have today.
 
Full Metal Junkie said:
I'm sure @Towered was referring to the disgusting walk-up apartment complexes, not the waterfront park. Mimico 20/20 would have redeveloped all of them, but the plan is dead in the water for now, it seems. City's insistence to keep the heights of the new buildings down in this area makes the plan commercially not viable.
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That's exactly what I was referring to, yes. The trail is nice, it's the rest that's garbage. On one side you have the lake, and on the other side the unfortunate user is faced with chain link fencing, huge parking lots, garbage dumpsters, and then finally the hideous apartment blocks themselves. It's ghastly. They all need to be redeveloped.
 
Dated October 29, 2019, from this link:

First Capital, CPPIB to develop Toronto Christie property

First Capital Realty Inc. has submitted an official plan application to the City of Toronto for its 28-acre property at 2150 Lake Shore Blvd. W. and Park Lawn Road, the so-called Christie property.

First Capital (FCR-T) and Canada Pension Plan Investment Board (CPPIB) each contributed $26 million to acquire the former site of a Christie cookie-making facility from Mondelez Canada in 2016.

The proposal includes one million square feet of retail, restaurants, neighbourhood services, office and commercial opportunities, and six million square feet of residential space, with a range of housing options. It is anticipated business at the development will employ up to 3,500.

The proposal also includes a new GO station, on-site Toronto Transit Commission (TTC) bus and streetcar service, and a significant investment in road, cycling and pedestrian infrastructure. Discussions are ongoing with Metrolinx regarding the proposed GO station.
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“Important catalyst” for neighbourhood

“The redevelopment of 2150 Lake Shore Blvd. W. is an important catalyst to transforming Humber Bay Shores from super-congested to super-connected,” First Capital senior vice-president of development Jodi Shpigel told RENX in an exchange of emails.

“The creation of the much-needed new GO/TTC transit hub will unlock the mobility potential of the community and connect it to the rest of the city and region with reliable and timely access for generations to come.”

More than 25 per cent of the site has been dedicated to interconnected parks and open community-gathering areas. This will include a public park, three large squares, a covered galleria and a series of groves, enlarged sidewalks, lanes and mews.

The well-known Christie-branded water tower will be preserved as a local landmark and a symbol of the community’s industrial roots. It will be relocated to a prominent location on the site.

Shpigel said the development will also “set a benchmark for sustainability and will inspire new master-plans in Canada and around the world that are resilient to a changing climate.”

The proposal supports the City of Toronto’s resilience strategy and contributes to its TransformTO climate action strategy.

First Capital is the managing partner for all aspects of the project — including development, leasing and property management — on behalf of the partnership.

“The site benefits from high visibility from Toronto’s Gardiner Expressway and the Lakeshore GO Transit line, which are both located on the site’s northern boundary,” Shpigel said. “The large size of the property and its strategic location make it truly unique within the City of Toronto.

“It is ideally suited for a mixed-use redevelopment with a significant retail component to service the surrounding neighbourhoods, where substantial high-density residential properties continue to emerge, creating a dynamic and vibrant new community near Toronto’s western waterfront.”
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3.5 acres designated employment lands

First Capital and CPPIB held discussions with City of Toronto staff to determine the most suitable uses for the site. Earlier this year, city council and the Local Planning Appeal Tribunal approved the conversion of 24.5 acres of the site into a regeneration area, with the remaining 3.5 acres retained as employment lands.

United Kingdom-based Allies and Morrison has been retained as the master-plan architect for the project.

The proposal was prepared after consultations with various stakeholders, including nearby residents of Humber Bay Shores at two community meetings. More engagement initiatives are scheduled for the coming months.

“The goal of the First Capital Realty project team is to continue to build and nurture this relationship, with the community input as an important driver in the transformation of this geographically unique area of the city from an industrial past to an urban, complete community,” said Shpigel.

“This input will also inform investment decisions that will attract future customers, retailers, buyers and tenants to this new mixed-use development.”

The next step after the official plan application submission is to file a zoning bylaw amendment application, which is targeted for the third quarter of 2020. Construction will begin in the next several years, according to Shpigel.

The neighbourhood in which the property is located has experienced a 65 per cent increase in population since 2011 and above-average growth is expected over the foreseeable future.

It’s also experienced above-average growth in household income; there are approximately 270,000 residents within five kilometres of the development site, with an estimated average household income of $114,000.
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First Capital and CPPIB

First Capital is one of Canada’s largest owners, developers and operators of real estate in Canada’s most densely populated urban centres. It owns interests in 165 properties with a gross leasable area of approximately 25.3 million square feet and a value of $9.9 billion.

First Capital’s board of directors unanimously approved the reorganization of the company into a real estate investment trust earlier this month. That process is ongoing, with First Capital receiving interim Ontario court approval for several aspects of the transition on Friday.

The next step is a special meeting of shareholders on Dec. 10 to vote on the conversion.

CPPIB is a professional investment management organization that invests the funds of the Canada Pension Plan on behalf of its 20 million Canadian contributors and beneficiaries.

Real estate comprises 12.1 per cent of its asset mix.
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There are some earthworks going on - looks like the they're trucking away the crushed concrete piles. They're also bringing in and spreading something that looks like soil elsewhere on site. They were at it past Saturday and even yesterday.

 
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