TORONTO – The City of Toronto and CreateTO have broken ground on a new purpose-built rental project on city-owned land that will create 494 new rental homes in midtown Toronto.
A partnership with Collecdev-Markee, the project is taking shape at a former Toronto Water office building.
The 275 Merton St. development is one of almost 100 city-owned sites that are either housing ready or may be unlocked for new housing, states a release. The new homes will be a mix of unit types including family-sized two- and three-bedroom homes. One third of the new rental homes (148 units) will be affordable.
The project will also include an expanded midblock connection between Merton Street and the Kay Gardner Beltline Trail.
CreateTO negotiated a development partnership with Collecdev-Markee to combine the property at 275 Merton St. with the adjacent site previously owned by the developer, to maximize the site’s potential, speed up delivery, provide an enhanced pedestrian connection to the Beltline Trail and help the city reach its housing goals, the release adds.
