UtakataNoAnnex said:
I don't think taxpayers would want their money spent to keep something clean of tags only it for it to be all back there in a month or so. You know, better things to spend on and all that... 😼
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I agree, which is why they should expedite demolition.
 
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Some more slides at from a presentation at today's CreateTO Board meeting, covering the process so far - and next steps...

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PDF - https://www.toronto.ca/legdocs/mmis/2024/ra/bgrd/backgroundfile-249810.pdf

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Successful Proponent will be announced shortly after City Council approves the deal in mid-November.
 
Tuscani01 said:
Looks like it may be around 50 metres. As @Northern Light pointed out, it likely just means moving around the massing. It’s a big enough site to play around with.
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If the maximum height is 50 metres, is the site even economically viable for development? Are we looking at an annual Spirit Halloween shop?
 
The Supplementary Report on this item, before Council lets some cats out of bags.......... no renders or specs just yet, but some goodies worth noting all the same.


From the above:

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Those targets, if (Big If) they are hard.......mean construction begins by the end of next year. I rather expect some slippage (hopefully not)....but maybe, just maybe we'll see this moving in a serious way sooner rather than later.
 
Northern Light said:
The Supplementary Report on this item, before Council lets some cats out of bags.......... no renders or specs just yet, but some goodies worth noting all the same.


From the above:

View attachment 611758

View attachment 611759
Those targets, if (Big If) they are hard.......mean construction begins by the end of next year. I rather expect some slippage (hopefully not)....but maybe, just maybe we'll see this moving in a serious way sooner rather than later.
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There is a lot of asks here. I both commend and criticize the city/CreateTO on their audacity. I wouldn't be surprised if some of these things drop off... or if the construction timeline slips as noted by NL

Dream just resubmitted at 250 Dundas w/o office replacement and noted they looked into wetlabs and all kinds of office/commercial uses and had no luck. And Dream owns a lot of older office stock throughout downtown...

Not to mention heritage retention, Tier 2 and 33% affordable housing... This would qualify nicely for the City's new rental incentive program, but who knows if this will be a rental project
 
1Ć0 said:
There is a lot of asks here. I both commend and criticize the city/CreateTO on their audacity. I wouldn't be surprised if some of these things drop off... or if the construction timeline slips as noted by NL

Dream just resubmitted at 250 Dundas w/o office replacement and noted they looked into wetlabs and all kinds of office/commercial uses and had no luck. And Dream owns a lot of older office stock throughout downtown...

Not to mention heritage retention, Tier 2 and 33% affordable housing... This would qualify nicely for the City's new rental incentive program, but who knows if this will be a rental project
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Assuming it's two towers, you could do one of each.
 
1Ć0 said:
There is a lot of asks here. I both commend and criticize the city/CreateTO on their audacity. I wouldn't be surprised if some of these things drop off... or if the construction timeline slips as noted by NL
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Possible, but I don't think so.

1Ć0 said:
Not to mention heritage retention, Tier 2 and 33% affordable housing... This would qualify nicely for the City's new rental incentive program, but who knows if this will be a rental project.
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I do. This is 100% rental.

33% Affordable, 67% market rental.
 
Kilmer and Tricon are the winning bidders. Studio Gang with architects—Alliance and Smoke Architecture. CCxA on the landscape. More when we know it!

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News Release



November 21, 2024



City of Toronto and CreateTO announce development partners and vision for the historic Toronto Coach Terminal site



Today, the City of Toronto and CreateTO announced the Kilmer Group and Tricon Residential (Kilmer-Tricon) as the preferred proponents for the redevelopment of the City-owned sites at 610 Bay St. and 130 Elizabeth St. – home to the decommissioned Toronto Coach Terminal.



The properties will be redeveloped into a mixed-income, mixed-use development including affordable housing, a new Toronto Paramedic Services hub and employment opportunities with a focus on innovative uses that take advantage of the unique location within the city’s Discovery District. The redevelopment will also include the adaptive reuse of the existing heritage building as well as streetscape improvements.



Consisting of two towers with residential, retail and public space, the development will be a 100 per cent purpose-built rental project, delivering 873 new homes including 290 affordable rental homes.



The design vision for the site, led by award-winning architectural firms Studio Gang, architects-Alliance and Smoke Architecture, with landscape design by CCxA, is rooted in the Indigenous principle of the Seven Directions. The goal is to create a complete community that puts people first, invigorates the surrounding area and creates tree-lined public spaces that connect the surrounding neighbourhoods.



Additional project features include:

· adaptive reuse of the heritage Toronto Coach Terminal and bus bays · a new 23,000-square-foot Toronto Paramedic Services Hub that will provide vital emergency support to surrounding communities · a partnership with University Health Network which intends to operate a state-of-the-art organ repair centre for heart, lung, kidney and liver transplants · affordable housing partnerships with the University Health Network, and the Hospital Workers’ Housing Co-operative to provide housing options for essential hospital workers and their families, as well as Woodgreen Community Services, the March of Dimes and Wigwamen · a new public plaza positioned between the two buildings, which will create an urban oasis and incorporate a series of ‘outdoor rooms’

· a geothermal district energy system and sustainable building design, exceeding the requirements of the Toronto Green Standard and the Canadian Green Building Council’s Zero Carbon Building Design Certification.



Completion of construction and leasing of rental homes at 610 Bay St. is expected in first quarter of 2029 and in Q1 2030 for 130 Elizabeth St.



The properties at 610 Bay St. and 130 Elizabeth St. were selected for redevelopment through the ModernTO program adopted by Toronto City Council in October 2019 and are part of eight high-value City-owned sites identified as being currently underutilized, with opportunities to unlock value and address City needs.



More information about this project can be found on the CreateTO website: https://can01.safelinks.protection....470QPD709H/brFmoHCSvRfVxeQdZe8It4=&reserved=0.
 
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