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Fitzrovia, AIMCo join Hazelview’s Bloor and Dufferin project​


Oct. 5, 2021

Hazelview Investments and Fitzrovia Real Estate will be the co-development managers of a mixed-use project at the corner of Bloor and Dufferin Streets in Toronto after the departure of Capital Developments and Metropia.

The site’s visioning and subsequent rezoning were originally led by Capital and Metropia, which were selected to develop the site in December 2016 after a competitive process, with Hazelview as lead investor.

Alberta Investment Management Corporation (AIMCo) is investing in the project on behalf of its clients and as co-owner of the site’s east parcel alongside Fitzrovia. Hazelview and its institutional partner own the property’s west parcel.

“We had a deal under contract pre-COVID where we were going to buy the west parcel and Metropia was going to buy the east parcel,” Fitzrovia chief executive officer Adrian Rocca told RENX during a call that also included Hazelview Investments executive director of real estate development Michael Williams and Hazelview Properties vice-president of brand marketing and corporate social responsibility Colleen Krempulec.

“COVID hit and the deal unwound. Hazelview decided to buy all of the partners out because they were looking for liquidity. Hazelview reached out to AIMCo, which reached out to Fitzrovia about coming back in and buying the east parcel.”

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Components of the Bloor and Dufferin project​

The master-planned community will include approximately 2,100 residential suites, with a mix of at least 75 per cent purpose-built rental and 25 per cent condo units.

There will also be an eight-storey building with 56 purpose-built units to be conveyed to the City of Toronto exclusively for public affordable rental housing.

Other elements include:

– a 30,000-square-foot community hub and daycare centre;

– a 38,500-square-foot public park, plus new public and private roads to improve traffic circulation;

– 50,000 square feet of office space;

– 174,000 square feet of retail space

– 70,000 square feet of amenity space;

– and a $17-million affordable housing trust.

Rocca said the east block will have larger suites focusing on two- and three-bedroom units aimed at young families and downsizers.

There could also potentially be an “Artists Commons” where local artists will have an opportunity to make contributions to animate the laneways within the community.

“The shared value that we have is that community is important to any project, especially one of this scale and size,” said Krempulec.

Block F, the affordable housing component of the project, should begin construction by August 2022 and will be among the first things built on the site.
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renx.ca

Fitzrovia, AIMCo join Hazelview’s Bloor and Dufferin project

Hazelview Investments and Fitzrovia Real Estate will be the co-development managers of a mixed-use project at the corner of Bloor and Dufferin Streets in Toronto after the departure of Capital Developments and Metropia. The site’s visioning and subsequent rezoning were
renx.ca renx.ca
 
On the one side i'm dissapointed the whole development will be done by Fitzrovia (solely because it wouldve been nice to have some variety), but on the other side if this means that Metropia is completely out of the picture well then good riddance!
 
AlbertC said:

Fitzrovia, AIMCo join Hazelview’s Bloor and Dufferin project​


Oct. 5, 2021



renx.ca

Fitzrovia, AIMCo join Hazelview’s Bloor and Dufferin project

Hazelview Investments and Fitzrovia Real Estate will be the co-development managers of a mixed-use project at the corner of Bloor and Dufferin Streets in Toronto after the departure of Capital Developments and Metropia. The site’s visioning and subsequent rezoning were
renx.ca renx.ca
Click to expand...

Where is block F located? The article didn't have a map.
 
I kind of hope Fitzrovia ditches the HPA designs and goes in more of a bricky grid direction like what they're doing at Dufferin/401 and on Church.
 
Towered said:
So where the dilapidated tennis court sits - great!
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No, actually it's currently covered by part of Bloor Collegiate, the part that is furthest west on Bloor. If you imagine Pauline Avenue being extended south of Bloor, then it will be the southwest corner of Bloor & Pauline.

I'll try attaching a screenshot of the site plan below.
Screen Shot 2021-10-10 at 10.13.11 PM.png
 
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