Toronto, CreateTO breaks ground on new purpose-built rental project
AI Article Summary
The City of Toronto has commenced construction of a new purpose-built rental project in midtown, in partnership with CreateTO and Collecdev-Markee. This development will add 494 rental homes, including 148 affordable units, on former City-owned land at 275 Merton Street. The project seeks to create complete, inclusive communities and will include sustainability measures under the Toronto Green Standard. This initiative is part of a broader strategy to leverage City-owned sites for housing development.
What This Means for Canadian Contractors
This project shows how strategic use of public land can expedite housing efforts and address affordability issues. For Canadian builders, this means potential opportunities in similar public-private partnerships that accelerate project timelines and leverage city-owned resources. The focus on sustainability and community building also highlights the growing importance of integrated design that meets urban development standards.
