TORONTO — 17Թ’s largest co-op housing development in a generation has broken ground.
, as it has been coined, is located on city-owned land adjacent to the Kennedy GO and TTC Station and will deliver a total of 612 new homes including affordable and market rent-controlled co-operative homes.
At 2444 Eglinton Ave. E., it will be built on a former commuter parking lot through a partnership between the city, CreateTO and the Co-operative Housing Federation of Toronto. Civic Developments and its partners are providing development management services, a release reads.
Kennedy Green will consist of two co-op buildings with a mix of studios, one-bedroom, two-bedroom and three-bedroom apartments. The project’s application for rezoning was approved in 69 days.
The “all-Canadian design team” behind the development includes Vancouver-based Henriquez Partners Architects and Montreal-based landscape architects CCxA.
With a geothermal energy system, the building will support the city’s climate action objectives and achieve Toronto Green Standard Version 4, Tier 2.
The project is also being delivered under the One Planet Living Framework – a first for Toronto – to promote sustainable living. The site will also offer 474 square metres of community space as well as 332 square metres of retail space.
Funding for the project is being provided by the federal government, through the Co-operative Housing Development Program and by the city.
This site is one of almost 100 city-owned sites that are either housing-ready or may be unlocked for new housing.
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