12-Storey Liberty Village Office Plan Flips to 51-Storey Rental Proposal
AI Article Summary
BGO has submitted revised plans to the City of Toronto for a 51-storey mixed-use rental project at 58 Atlantic Avenue, replacing a previously approved 12-storey office project. The new proposal includes 30 affordable rental units and adaptive reuse of a heritage building. The site will feature a 172.96m tower alongside a rehabilitated heritage structure topped with a contemporary overbuild, delivering 514 rental units. The project is designed by BDP Quadrangle and incorporates significant urban amenities and improved accessibility to public transit.
What This Means for Canadian Contractors
This project shows how market changes can lead to a shift from commercial to residential developments, adjusting to post-pandemic realities. For Canadian builders, this means potential opportunities in mixed-use projects that combine residential, commercial, and heritage elements. It highlights the importance of adaptive design and cooperation with heritage specialists while emphasizing the need for improved logistics and supply chain efficiency to meet increased project scale and complexity.
