This was sent by the developer to the West Don lands Committee last night:
As discussed, we are committed to delivering the 30% affordable rental housing for both Blocks 3,4,7 and 20 as per the terms of our ground lease with the Province of Ontario. In addition to the affordable rental units, there are a number of other community benefits that we will delivering including the following as part of Block 3,4,7 which are consistent with the materials presented to Community Council:
- Up to 261 residential units (30% of total) to be delivered as affordable rental in a range of unit sizes (1Bdrm to 4Bdrm) for a 99-year term with the following depth of affordability:
- 50% Units 100% AMR
- 40% Units 80% AMR
- 10% Units 40% AMR
- 5,000 square foot community facility
- 33,000 square feet of retail area
- Approximately 1 acre of Privately Owned Public Space (POPS)
- Delivery of a public road
- Other benefits included in the draft Section 37 agreement. We will work with City staff to enter into an agreement to secure the above benefits.
- Built form commitment as per the draft zoning-bylaw
We also remain committed to delivering approximately 198 units (30% of total) as affordable rental for Block 20 and going through Waterfront Toronto’s Design Review Panel. We will also work with the City to determine the appropriate community benefits for Block 20.
We look forward to continuing to work with the West Don Land Committee and will be pleased to present an update to our developments at your next meeting. We remain committed to delivering high quality affordable rental housing in the West Don Lands and look forward to working with you to make this happen.