Toronto City Council Approves 18 Multi-Res Projects

Toronto city council has approved 18 new multi-family residential projects, including a plan to convert a nine-storey office building into a 52-storey mixed-use tower at 111 Peter Street. This cornerstone project by Capital Developments and Industrial Alliance Insurance will offer 852 residential units and retail space, designed by WZMH Architects. The broader developments will include additional high-rise residential conversions and new constructions across downtown Toronto. These efforts reflect a significant shift in city planning towards urban mixed-use and residential enhancements.