Toronto Community Housing (TCHC) and the City of Toronto are one step closer to creating hundreds of additional affordable homes for Torontonians as part of the Regent Park revitalization, following City Council approval of TCHC’s rezoning application for the Phase 4 and 5 lands.
The approval sets the stage for TCHC, along with the support of its developer partner Tridel Builders Inc., to begin the final phases of Regent Park’s revitalization to replace aging housing and address affordable housing demands by building a vibrant mixed-income, mixed-use neighbourhood.
Plan highlights include:
- 637 new affordable housing units
- 633 RGI (rent-geared-to-income) replacement units, completing TCHC’s commitment to replace all 2,083 RGI units at Regent Park
- 1,976 additional market units
- 10,461 m2 of commercial and non-residential space
- 3,714 m2 of community space
- A new civic square anchored by 2,200 m2 Toronto Public Library
“The newly approved plan for Phases 4 and 5 of the Regent Park revitalization is the product of close engagement and collaboration with the residents of Regent Park. With this rezoning, we have an opportunity to create homes for hundreds of more families and to meaningfully address the demand for affordable housing in Toronto. I’m grateful to the City of Toronto for their support in making this the best plan possible and I look forward to continued partnership with Tridel as we turn this vision into a reality,” said Jag Sharma, president and CEO, Toronto Community Housing Corporation.
The new vision for Phases 4 and 5 was developed with over 1,500 points of engagement with the community. Councillor Chris Moise and MPP Kristyn Wong-Tam (formerly Councillor for Toronto Centre) both played an important role in shaping the engagement process, ensuring that community voices were heard loud and clear. As a result, TCHC residents, Regent Park community members, local leaders, subject matter experts and City of Toronto staff all provided input and ideas that informed the vision for Phases 4 and 5, creating a design that maximizes the potential for building new homes and amenities.
By taking advantage of the opportunity to create more density, the vision for Regent Park maximizes the value of public assets to meet public demand for affordability and housing. Through the revitalization, the City of Toronto, TCHC and Tridel Builders Inc. are transforming part of downtown Toronto, ensuring it remains a thriving and vibrant community that welcomes all Torontonians.
“The Regent Park Revitalization Project, initiated in 2007 by the late Deputy Mayor Pam McConnell, has reached a significant milestone. Rezoning for Phases 4 and 5 allowed us to respond to the housing crisis by adding 637 affordable units and increase the amount of community space, along with other benefits, to demonstrate our commitment to not only the physical development but also the cultural, economic, and social well-being of the community. More work lies ahead, but I am grateful to all involved, including the community, City Staff, TCHC, and Tridel, for their dedicated efforts. I remain committed to serving the residents of Regent Park and fostering their growth and prosperity,” said Councillor Chris Moise, Ward 13 Toronto Centre.
An international team of architects, designers, planners and experts supported the design process, including: Karakusevic Carson Architects, Bousfields Inc., ERA Architects, Monumental, Trans Solar Klima Engineering & JVM Consulting, RWDI and PSF Studio.
The Phase 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. They are the last 16 acres on the 69-acre Regent Park site to be redeveloped.
“We look forward to working closely with Toronto Community Housing and the City of Toronto to address the need for housing development across the city. We are committed to providing innovative and actionable solutions for affordable housing. As an industry leading homebuilder, we consider the rezoning application to be a crucial milestone that aligns with our dedication to delivering top-quality, sustainable homes for Toronto’s residents and families,” said Jim Ritchie, president, Tridel.
Featured image: Aerial view of Regent Park Phases 4-5 buildings. (Toronto Community Housing)