Toronto 260 Adelaide West | 196.8m | 61s | CentreCourt | Sweeny &Co

[Northern Light]

Just read about Tory's announcement. Unnamed developer will build condos and affordable housing on the site of the fire hall. The fire hall will be relocated to Metro Hall.

City to build new downtown park in surface lot on Richmond Street as part of wider redevelopment

The city has announced a series of interconnected moves that will allow it to relocate a downtown fire station and use the proceeds from the sale of the land that it stands on to pay for a much needed new park nearby.

www.cp24.com

@HousingNowTO noted that the developer is Centrecourt.

 

[Rascacielo]

456 market rate + 196 affordable units - that's a lot of units for a single tower (or will there be more than one?). Looks like it may break the Entertainment District 156 -157 m tabletop. 60+ stories would be my guess.

 

[Northern Light]

From the news release:

https://createto.ca/wp-content/uploads/2021/05/News-Release_260-Adelaide_Final.pdf

 

[Rascacielo]

From the news release:

View attachment 319472

https://createto.ca/wp-content/uploads/2021/05/News-Release_260-Adelaide_Final.pdf

OK, in that case, maybe it'll be part of the table top - a massive 8 story podium + 40 story tower, 157 m?

 

[Northern Light]

Photo below shows the firehall, and 254 Adelaide on the right hand side, which is apparently CentreCourt's contribution in terms of landholdings.

 

[YIMBY519]

I dont know how owning a sliver adjacent to the Firehall gets you exclusive JV development rights with Create TO but it's good to get this rolling and I love seeing Centrecourt involved. I'm certain the bar owner purchased the block to the north of Rock N' Horse/Dublin Calling (there is a City lane between the bar and 26 Duncan) so this could potentially orphan the soft site to the east without them getting creative.

 

[HousingNowTO]

Spoke with CityNews about this project today... video below...

https://twitter.com/x/status/1393333384122937348

 

[AlexBozikovic]

CentreCourt has a stake in the project. But the development will be put out to bid.

 

[AlexBozikovic]

My piece:

https://www.theglobeandmail.com/can...-pot-of-value-buried-in-some-poorly-utilized/

 

[Northern Light]

My piece:

https://www.theglobeandmail.com/can...-pot-of-value-buried-in-some-poorly-utilized/

Note that Alex's piece is currently, as at posting, not behind the paywall; it's worth a read.

One excerpt with a hint of good news in it.......

 

[Urban Obsession]

Toronto to Relocate a Firehall to Get a Park and New Housing | UrbanToronto

The City of Toronto’s real estate division, CreateTO, is unlocking value from its land assets for a major investment in the livability and vibrancy of our rapidly densifying city. Torontonians will see a sizeable half-acre new park, new housing (30% of the suites affordable), public amenities...

urbantoronto.ca

(im new to this thread, found it from this article today)
Thoughts?

 

[Mercenary]

How can one city block be considered a park?

 

[Amare]

How can one city block be considered a park?

You mean just like this?:

Or this?:

Or this?:

I mean there are literally dozens, and dozens of "parks" in the city that are probably even smaller in size compared to that one we're speaking of.

 

[Northern Light]

Report to next week's Executive Ctte seeking approval to move this forward, including the new development to the south, the shift of the firehall to Metro Hall.

https://www.toronto.ca/legdocs/mmis/2021/ex/bgrd/backgroundfile-170624.pdf

From the report:

 

[ferusian]

ZBA application submitted:

Development Applications

No project description available yet.