AlbertC
Superstar
Developers cheer as Toronto rediscovers its love for the Don River
Huge investments in revitalizing Toronto’s much abused Don River have attracted upstream development
www.theglobeandmail.com
River and Fifth, on the west side of the Don near Regent Park, is Broccolini’s first development in the neighbourhood and one that has been praised by the City for its contributions to the surrounding valley. While the 37-storey condo has already started construction, what sets it apart is the on-site land that Broccolini has given to the city to create a public park and walkway linking to the Don Valley.
“We’re creating a connection down the river that just wasn’t there before,” says Phil Brennen, the vice-president of real estate development at Broccolini.
Likewise, the firm’s 34-storey LeftBank condo a few blocks away also includes a proposal for on-site parkland or a privately owned publicly accessible space, also known as POPS. While LeftBank is still under review by the city, Broccolini envisions it as a development with even greater ties to the valley.
“It’s a vital area – you can feel the energy,” Mr. Brennen says. “I think River Street itself has been ignored a little bit, so we’re looking to animate the street with new retail as part of our Left Bank development.”
Combined, these two condos will offer 965 new units, ranging from studios to three-bedroom suites.