TORONTO—Toronto Community Housing (TCH) and Tridel have announced they have filed a rezoning submission with the City of Toronto, requesting an increase in the density of development in Regent Park Phases 4 and 5 lands.
The increased density would enable TCH and Tridel to build 1,000 more units of housing than previously planned for, stated a recent release.
The rezoning submission was developed in consultation with community members, the partners stated, with residents expressing strong support for a plan that creates more homes and new green spaces and amenities.
The Phases 4 and 5 lands are bordered by Gerrard Street and Oak Street to the north and south, and River Street and Dreamers Way to the east and west. In 2014, a plan was approved that included 564 rent-geared-to-income (RGI) units as part of the plan to replace 2,083 TCH-operated RGI units in Regent Park. Also included were 3,465 square metres of commercial space for businesses and 1,353 market units.
If approved, the rezoning could add more than 500 additional TCHC-operated RGI or affordable units, 1,792 additional market units, more retail and community spaces and a new Toronto Public Library to the original 2014 plan. The primary developer of the first three phases has been Daniels.
“We are thrilled to be working closely with both Toronto Community Housing and the City of Toronto to support the need to build housing throughout the city. As a homebuilder, the rezoning application is an important milestone that aligns with our commitment to deliver quality, sustainable homes to Toronto residents and families,” stated Tridel CEO Dino Carmel in a statement.
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