AlbertC
Superstar
Looks like a soil sample rig outside of the Bloor Collegiate building:
Sept 3, 2020
Sept 3, 2020
Toronto Bloor & Dufferin | 122.35m | 37s | Hazelview | Turner Fleischer
- Thread starter West End Boy
- Start date
ushahid
Senior Member
i hope the details stay the same. that stained glass looks nice.
ResidentWardo
New Member
School grounds are not considered park space, so in those terms there’s nothing to contest: any new public park here is considered a net increase in public space.Did the total amount of green space decrease? It appears that way. Was this contested?
Proposed developments (this project plus four towers directly to the south in the Dufferin Mall parking lot).
Google earth (present: ~1ha):
Proposed (~0.3ha):
View attachment 293004
42
Northern Light
Superstar
In a report to the June meeting of the TDSB's Planning and Priorities Ctte, they got an update on the closing out of many aspects of this transaction.
In example, formal transfer of title of certain properties, legally requires severances etc.
On note.....
Due to this proposal getting more dense.......than what was originally proposed..........the TDSB has itself a windfall bonus in cash.
$30,000,000
Points to their negotiators who made sure to insert a clause into the agreement of sale on this point.
Report here:
Final close-out by December 2021.
****
I do hope all that money is set aside for needed school replacement/reno; and the MOE does not claw any back in any fashion.
That's enough extra money to replace 2-3 elementary schools with all the bells and whistles.
In example, formal transfer of title of certain properties, legally requires severances etc.
On note.....
Due to this proposal getting more dense.......than what was originally proposed..........the TDSB has itself a windfall bonus in cash.
$30,000,000
Points to their negotiators who made sure to insert a clause into the agreement of sale on this point.
Report here:
Final close-out by December 2021.
****
I do hope all that money is set aside for needed school replacement/reno; and the MOE does not claw any back in any fashion.
That's enough extra money to replace 2-3 elementary schools with all the bells and whistles.
AlexBozikovic
Active Member
It took eight years to make this deal happen, and the board is getting $150-million for 1.8 million ft.² buildable. What would that be worth today?
mrxbombastic
Active Member
Taking a midpoint of $120/sf based on 2019 values, we're talking $216 million for the zoned land. But TDSB got a premium as the land was unzoned beforehand, which would have probably netted them only $80/sf around here now.
Land value source: https://www.mcap.com/development-finance/land-value-report
AlbertC
Superstar
Looks like Fitzrovia have a piece of this pie. 1141 Bloor West (East Block) is being listed as a (future) project on their website portfolio. Which I'd reckon means they'll be handling a rental component of this overall development.
fitzrovia.ca
Fitzrovia
Fitzrovia is a development and asset management company intensely focused on redefining the Class-A rental market across the Greater Toronto Area.
fitzrovia.ca
WislaHD
Senior Member
Looks like Fitzrovia have a piece of this pie. 1141 Bloor West (East Block) is being listed as a (future) project on their website portfolio. Which I'd reckon means they'll be handling a rental component of this overall development.
Fitzrovia
Fitzrovia is a development and asset management company intensely focused on redefining the Class-A rental market across the Greater Toronto Area.
View attachment 342017
I thought that the rental portion was supposed to be conveyed to the City as affordable housing?
Edit: The affordable housing building (F) is to the west of the majority of the site. So "East Block" must refer to either Block C, D, or E.
AlbertC
Superstar
Hazelview Investments and Fitzrovia Announce Co-Development on Bloor & Dufferin
/CNW/ - Today, Hazelview Investments and Fitzrovia Real Estate announce they will be the co-development managers of the community-oriented, pedestrian-first,...
www.newswire.ca
Hazelview Investments and Fitzrovia Announce Co-Development on Bloor & Dufferin
TORONTO, Sept. 14, 2021 /CNW/ - Today, Hazelview Investments and Fitzrovia Real Estate announce they will be the co-development managers of the community-oriented, pedestrian-first, mixed-use development at 1141 Bloor St. West and 980 Dufferin St. in Toronto. The development is envisioned as a world-class example of urban design that prioritizes vibrant community spaces and the preservation of the neighbourhood's rich heritage components.
"We are honoured to be the stewards of this development especially in a neighbourhood with such a unique heritage," says Michael Williams, Executive Director, Real Estate Development, Hazelview. "This is a truly collaborative effort and the vision for this development will add a significant number of homes to the area, in addition to progressive and diverse housing options with Habitat for Humanity, a community hub and daycare, and opportunities for local artists and entrepreneurs. Capital Developments and Metropia have worked hard to set the stage through rezoning, and we remain steadfast in our commitment to working with the community as we turn this vision into reality."
The masterplan community will include:
- Approximately 2,100 residential suites with a mix of rental and owner-occupied units;
- An 8-storey building with 56 purpose-built units to be conveyed to the City of Toronto, exclusively for public affordable rental housing;
- A 30,000 sq. ft. community hub and daycare located in the historic Kent School;
- A new 38,500 sq. ft. public park;
- 50,000 sq. ft. of office space, 174,000 sq.ft. of retail, and 70,000 sq. ft of amenity space;
- New public and private roads built to improve traffic circulation;
- Potential of an Artists Commons where local artists will have an opportunity to make contributions to the laneways within the community;
- A $17 million affordable housing trust
"We remain committed to the guiding principles set forth for this development, including creating a vibrant addition to the existing community that captures the incredible culture and spirit of Brockton Village." says Adrian Rocca, CEO of Fitzrovia. "This starts with preserving the unique heritage elements of the Kent School and Bloor Collegiate." Alberta Investment Management Corporation, which is investing on behalf of its clients and as co-owner alongside Fitzrovia, is also delighted to participate in delivering an exceptional masterplan community.
The site's visioning, and subsequent rezoning were led by Capital Developments and Metropia, with Hazelview as lead investor.
"As we started to think about a higher mix of rental versus condo, it became obvious that the project could benefit from Hazelview, as prime investor and a major rental developer and operator, playing a more substantial role in delivery," notes Jordan Dermer, Managing Partner, Capital Developments.
"Hazelview and Fitzrovia also remain committed to delivering all public benefits as promised including affordable housing, parkland, and a community centre in addition to more rental," adds Todd Cowan, Managing Partner, Capital Developments.
"Hazelview has been a great partner over the last five years, and we look forward to their continued success with the project," says Howard Sokolowski, Chairman and CEO, Metropia.
To learn more about the redevelopment please visit www.bloordufferin.com.
Towered
Senior Member
Start digging.
Northern Light
Superstar
City action regarding this site, in the form of an RFP:
Towered
Senior Member
Site is fenced off! 😮
AlbertC
Superstar
Both the Bloor Collegiate and Kent School buildings?