TORONTO — Construction of a adjacent to the TTC’s Wilson Station is officially underway.
The project is slated to deliver a total of 1,484 homes, including 520 affordable rental homes.
Located at 50 Wilson Heights Blvd., a former commuter parking lot, the project is being developed by Tridel, Greenwin and KingSett Capital.
It will include a mix of one- to three-bedroom rental homes available to residents of various income levels. A child care centre, community use space, public park, a new public road and retail space will also be included in the build.
The development will target the Toronto Green Standard and will be serviced by a geothermal energy supply, explains a release.
Work has already begun to remove the current parking infrastructure before preparing the site to support the new community. Construction of the affordable and market rental homes is anticipated to begin this spring, with first occupancy expected in early 2029. The development will also include 444 market condominiums, the release adds.
“Our vision for Toronto is to see families live, work and thrive without having to worry about securing affordable rents, accessing transit or finding child care or green spaces for kids to play,” said Toronto Mayor Olivia Chow in a statement. “This transit-oriented community brings all of these elements together, creating a sensible and replicable model for city-building.”
The City of Toronto, in partnership with CreateTO, is supporting the delivery of this project through the HousingTO 2020-2030 Action Plan’s Housing Now initiative, which makes city-owned lands available to develop affordable rental housing.
To date, according to the release, Toronto City Council has allocated more than 20 city-owned sites to the Housing Now program.
Of these, construction is underway at 5207 Dundas St. W., while in total 13 sites have been rezoned and development partners have been selected for six sites.
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