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Wellington Destructor site on way to becoming a community hub​


News Release
November 18, 2021

Today, Mayor John Tory visited the Wellington Destructor site, which is now on its way to becoming a new community hub.

The Mayor was joined by local Councillor Joe Cressy (Spadina-Fort York) and Steven Trumper, CEO of CreateTO, to announce that TAS, a Toronto-based real estate development company, is the approved long-term head lessee of the 0.85 hectare City-owned Wellington Destructor site at 677 Wellington St. W. The agreement with TAS will see the site turn into a community hub that will be enjoyed by residents and visitors for years to come.

TAS’ project proposal – approved by City Council – will restore the 3,700 square metre vacant heritage building on the site, and incorporate new community and commercial uses that would provide social and economic benefits to the public. The City will contribute up to $32 million to remediate the property, and to retain and restore its heritage structure. This $32 million initial capital contribution will be repaid to the City over the term of the lease. This will be a 49-year lease term with two options for extensions of 25 years each. The City’s investment in the project represents approximately one third of the expected cost of developing the site.

Constructed in 1925, the Wellington Destructor heritage building is a purpose-built brick garbage incinerator that was in active use until the incineration of solid waste was halted in the mid-1970s. It became a waste transfer station until the 1980s. The transfer station has been decommissioned and left vacant for decades. The property was listed on the City’s Heritage Register in 2005 by City Council and is subject to policies for its conservation.

TAS is a privately-owned, Toronto-based mixed use real estate development company focused on the development and operation of residential and mixed-use buildings. TAS has completed several major developments with a combined value of over $300 million, and currently has approximately 500,000 square metres under development with a market value of $3 billion.

Residents are encouraged to access the online report, which details the terms of the agreement between the City and TAS.
 
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In respect of the above:

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We're tracking this site over in the 2 Tecumseth thread these days:

The Yards | 133.5m | 39s | TAS | Giannone Petricone

@emphur did give us a warning couple weeks ago that we could very well be getting Woodbourned here. For awhile now...... I've been thinking I recognized @emphur But I couldn't quite place from where........... And you brought it all together for me Albert......... I saw him in a...
urbantoronto.ca urbantoronto.ca

Perhaps @smuncky could cross-post the above pic there.
 
Northern Light said:
In respect of the above:

View attachment 441209

We're tracking this site over in the 2 Tecumseth thread these days:

The Yards | 133.5m | 39s | TAS | Giannone Petricone

@emphur did give us a warning couple weeks ago that we could very well be getting Woodbourned here. For awhile now...... I've been thinking I recognized @emphur But I couldn't quite place from where........... And you brought it all together for me Albert......... I saw him in a...
urbantoronto.ca urbantoronto.ca

Perhaps @smuncky could cross-post the above pic there.
Click to expand...

good call. didn't realize it was for that property. posted there as well!
 
Argh! I always find out about these things after they have happened! Lol

Did anyone go and take pix and get little nuggets of information/updates?

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SvN is a regenerative design practice that solves complex urban problems, creates positive change, and shapes cities around the world.
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rdaner said:
Argh! I always find out about these things after they have happened! Lol

Did anyone go and take pix and get little nuggets of information/updates?

SvN - News

SvN is a regenerative design practice that solves complex urban problems, creates positive change, and shapes cities around the world.
svn-ap.com
Click to expand...
Note the year on that:

Join us for a tour of The Wellington Destructor followed by a panel discussion featuring Principal Sam Dufaux on January 21, 2023​

Click to expand...
 
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