Toronto 5207 Dundas West | 98.5m | 30s | Tricon | Henriquez Partners

Basically the entire private sector-delivered component of the affordable housing market is caught up in the same problem with CMHC at the moment. Effectively, they -- well, really, the Federal Government -- have not been willing to amend requirements for programs like RCFI and MLI Select, which are essential to making the math work on these types of projects.

It is incredibly frustrating, and very much not for lack of both private and public sector stakeholders screaming it to the Feds and CMHC leadership.
Had a Tricon person join our mayoral candidate tour yesterday with Mitzie Hunter - this site was one of our stops... they sound pretty confident that they will be "shovels in the ground" on BLOCK-1 this summer...

 
Had a Tricon person join our mayoral candidate tour yesterday with Mitzie Hunter - this site was one of our stops... they sound pretty confident that they will be "shovels in the ground" on BLOCK-1 this summer...


If I were a betting man, I’d guess that the City has convinced CMHC to find a way within the Housing Accelerator Fund program requirements to allow the City to subsidize the HN projects.
 
Before shovels start their work.
May 14th
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QUOTE : "The City of Toronto is making good progress on the Housing Now Initiative (Housing Now), creating new affordable rental housing on City-owned lands within mixed-income and complete communities. Construction is expected to begin in July at 5207 Dundas St. W. and at two other shovel-ready sites, 50 Wilson Heights Blvd. and 140 Merton St., before the end of this year."

 
Update on this one one can be found in the Housing Now update on the agenda of next week's CreateTO Board meeting.

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Report link here: https://www.toronto.ca/legdocs/mmis/2023/ra/bgrd/backgroundfile-238288.pdf

I'm gonna reiterate my disappointment that this is only 25 floors tall. For the future Etobicoke City Centre it is definitely not tall enough. Furthermore, we should be maximizing the number of residential units, especially in this development as it will further increase the number of affordable rental units.

Still, I'm very excited to see this finally moving forward. Every time I walk by this barren landscape of the former six points interchange area, I am hopeful that the entire area should be fully revamped in the next 5 to 10 years.
 
I'm gonna reiterate my disappointment that this is only 25 floors tall. For the future Etobicoke City Centre it is definitely not tall enough. Furthermore, we should be maximizing the number of residential units, especially in this development as it will further increase the number of affordable rental units.

Still, I'm very excited to see this finally moving forward. Every time I walk by this barren landscape of the former six points interchange area, I am hopeful that the entire area should be fully revamped in the next 5 to 10 years.
For the Record, HNTO agrees with you... but City stated that Tower-Height on Block-1 had to be constrained by the "Shadow Impacts on the Future Etobicoke City Centre Plaza" directly to the NORTH...

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For the Record, HNTO agrees with you... but City stated that Tower-Height on Block-1 had to be constrained by the "Shadow Impacts on the Future Etobicoke City Centre Plaza" directly to the NORTH...

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Thanks for the prompt reply. I definitely appreciate the engagement you provide to all HousingTO projects.

The response makes a lot of sense with regards to shading issues on the public plaza.

Do you have any feedback on why the tower units are where they are? I would've expected having the taller tower to be on the south-west part of the plot would've allowed for a taller height as it's the furthest from the public plaza. The second tower could've been at the north-east side to give sufficient separation between the towers.

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Full honesty, I do appreciate the massing plan of the new Six Points area. If this was a private venture, they would've tried to squeeze in 4 towers in the same footprint! Though, this massing does lower the total number of units available.
 
New rendering was taken from the architectural plan via Rezoning. The total storey count changed from 25 & 18 to 29 storey & 25 storey. Height changed from 69.20m to 96.95m & 84.95m. The total unit count increased from 644 units to 725 units. Total car parking changed from 199 car parking to 206 car parking. Finally, the total bike parking changed from 521 to 645 bike parking.

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Ground breaking for this took place this morning. From the City's Media Relations office:
News Release​
August 9, 2023​
City of Toronto celebrates the ground-breaking of 725 new rental homes on City land at 5207 Dundas Street West​
Earlier today, Mayor Olivia Chow celebrated the start of construction of 725 new rental homes, including 218 new affordable rental homes, at the first Housing Now site to break ground that will create new mixed-income, complete communities on City-owned land.​
The Mayor was joined by Councillor Brad Bradford (Beaches-East York, Chair of the Planning and Housing Committee and CreateTO Board Director), Councillor Paula Fletcher (Toronto-Danforth, Board Director, CreateTO), Abi Bond (Executive Director, Housing Secretariat, City of Toronto), Gregg Lintern ( Chief Planner and Executive Director, City Planning, City of Toronto), Vic Gupta (Chief Executive Officer, CreateTO), Ken Tanenbaum (Vice-Chairman, Kilmer Group) and Andrew Joyner (Managing Director, Tricon Residential).​
The development of 5207 Dundas Street West has been awarded to the Kilmer Group and Tricon Residential. The City, in partnership with CreateTO, Kilmer Group and Tricon Residential, is supporting the delivery of this project as part of the Housing Now Initiative, which Toronto City Council approved in January 2019 to activate City-owned lands to stimulate the development of affordable rental housing within transit-oriented, mixed-income, mixed-use and complete communities.​
About the development​
The site will deliver 725 residential homes, including 30 per cent affordable rental homes, 218 units, and 507 market rental homes. Rents for affordable homes will range from 40 per cent to 100 per cent of the Average Market Rent (AMR). This means that the homes will be affordable to a range of households, including those in need of deeply affordable rental housing.​
The development will include a mix of unit types from one-bedroom to four-bedrooms. It will also include retail uses providing amenities and services to support residents’ needs and public spaces for community gatherings and events. In addition, the development will support the City’s climate action objectives and target Toronto Green Standard Version 3, Tier 3, with zero carbon certification.​
Investments​
The City has invested $77 million to decommission the former Six-Points Interchange, also known as the ‘Spaghetti Junction’ in Etobicoke. Six-Points was replaced by a new network of streets, unlocking almost 18 acres of land and creating seven blocks for redevelopment. The 5207 Dundas Street West development is one of five blocks identified for additional rental housing development through Housing Now. Other blocks include the proposed Etobicoke Civic Centre (ECC) location, a new Toronto Public Library branch, and new City parks. The five development blocks will include at least 2,781 residential homes, 904 of which will be affordable rental homes.​
Housing Now​
Housing Now is a signature affordable housing program in Toronto and across Canada. It is also a key housing supply program that supports the City’s HousingTO 2020-2030 Action Plan target of 40,000 new affordable rental homes and Housing Action Plan 2022-2026 target of 285,000 homes by 2031. To date, the City has committed more than $1.3 billion in land value, capital funding and financial incentives to the program, making Housing Now one of the most significant municipal financial investments in housing underway today.​
Since Housing Now was approved in January 2019, City Council has allocated 21 prime transit-oriented sites. To date, 10 of these sites have been re-zoned and market offerings have been completed for six of them. Construction at two other shovel-ready sites, 50 Wilson Heights Blvd. and 140 Merton St., is expected to begin before the end of this year.​
Overall, Housing Now aims to deliver 10,000 affordable rental homes within mixed-income, mixed-use and complete communities by 2030. However, new and enhanced investments from all orders of government and the non-profit and private sectors are critical to meeting this target. Implementation of Housing Now will support the City, Government of Ontario and Government of Canada in meeting their respective housing supply, economic and population growth targets and, most importantly, provide the types of housing needed for individuals and communities to thrive.​
On May 11, Council adopted the Housing Now 2023 Progress Update report. The report provided an update on Housing Now. It recommended urgent actions for all orders of government to unlock purpose-built affordable and market rental housing supply in all neighbourhoods across Toronto.​
View the full Housing Now 2023 Progress Update report on the City’s website: http://www.toronto.ca/legdocs/mmis/2023/ph/bgrd/backgroundfile-235837.pdf.​
Information about the City’s 2020-2030 HousingTO Action Plan is also available on the City’s website: http://www.toronto.ca/community-peo...sing-partners/housingto-2020-2030-action-plan.​
The City’s Housing Action Plan 2022-2026: Priorities and Work Plan report to Executive Committee is also available on the City’s website: https://secure.toronto.ca/council/agenda-item.do?item=2023.EX3.1.​

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