Expanded Vision for Regent Park Receives Rezoning Approval, Setting the Stage for Hundreds of New Affordable Homes in 2023

August 1, 2023

Expanded Vision for Regent Park Receives Rezoning Approval, Setting the Stage for Hundreds of New Affordable Homes

Rezoning of Phase 4 and 5 lands creates a historic city-building opportunity for Toronto, including 633 RGI units, a new Toronto Public Library and up to 637 net-new affordable homes

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.

Regent Park 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 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.

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. For more information on Phases 4 and 5 of the Regent Park revitalization, please visit RP4and5.ca. Next steps for the revitalization will include the start of demolition, expected this fall.

Quotes

“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.”

Jag Sharma, President and CEO
Toronto Community Housing Corporation

“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.”

Councillor Chris Moise
Ward 13 Toronto Centre

“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.”

Jim Ritchie
President, Tridel

Source

Related Articles


Latest Articles

  • Maximizing Excel: Practical Use Cases for Preconstruction

    Maximizing Excel: Practical Use Cases for Preconstruction

    November 8, 2024 By Melvin Newman Excel is a powerful and flexible tool that can enhance efficiency in electrical construction estimating.  Spreadsheets, like those in Excel, consist of a grid of “cells” where each cell can hold various types of data. Originating from mainframe computers in the 1960s and later developed for Apple computers in… Read More…

  • The Non-Residential Sector Declines in All Three Components Despite Sustained Industrial Permit Level

    The Non-Residential Sector Declines in All Three Components Despite Sustained Industrial Permit Level

    November 4, 2024 The total value of building permits in Canada decreased by $858.1 million (-7.0%) to $11.5 billion in August, following a strong July during which construction intentions rose sharply (+20.8%). The residential and non-residential sectors contributed to the decrease in August. On a constant dollar basis (2017=100), the total value of building permits decreased 7.6% in… Read More…

  • A Slight Decrease in Residential Building Construction for August

    A Slight Decrease in Residential Building Construction for August

    November 4, 2024 Investment in building construction edged up 0.2% to $21.0 billion in August, after a 1.6% decrease in July. The residential sector edged down (-0.1%) to $14.6 billion, while the non-residential sector was up 1.0% to $6.4 billion. Year over year, investment in building construction grew 7.2% in August. On a constant dollar basis (2017=100), investment in building construction was… Read More…

  • When a Familiar Door Closes

    When a Familiar Door Closes

    November 4, 2024 By Keith Sones, seasoned utility industry executive Most of the articles I’ve written have been based on personal experiences, many of them occurring decades ago, which eventually translate into helpful life lessons. The years allow the events to marinate in a savoury stew of time and reflection, clarity never coming immediately, or even… Read More…


Changing Scene