Former Toronto Water office building repurposed for rental homes
Construct Connect Canada
AI Article Summary
The City of Toronto and CreateTO are collaborating with Collecdev-Markee on a new rental project in midtown Toronto. The development will transform a former Toronto Water office building into 494 rental homes at 275 Merton St. This initiative highlights the reuse of city-owned land for residential purposes.
What This Means for Canadian Contractors
This project shows how city-owned land can be effectively repurposed for residential use, which can expedite permitting processes and attract funding. For Canadian builders, this means an increased focus on urban redevelopment opportunities that tackle housing shortages. It also highlights the potential for cost savings and efficiency in converting existing buildings rather than new constructions.
