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Submission: On October 29 via api from CA — Scanned from CA
Effective URL: https://storeys.com/new-rail-deck-park-plans-2024/
Submission: On October 29 via api from CA — Scanned from CA
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Real Estate News Affordable HousingAppointment NoticesConstructionDevelopment ProjectsIndustryPolicyRenting Commercial IndustrialMultifamilyOfficeRetail Cities TorontoOttawaMississaugaVancouverBurnabySurreyCoquitlamCalgaryEdmontonHamiltonOakvilleVaughan Listings ListedListed LuxeListed CommercialListed CountrySold Cottage Country CollingwoodGeorgian BayHaliburtonKawarthasMuskoka Insiders Dock TalkHume with a ViewMarlon MathMeet the AgentOpinionProfilesReal InsightsThe Kinsman ReportThe Proptech ReviewUrbanity Fair Finance EconomyFirst Time BuyersMortgagesPersonal FinanceRenovationsTaxes Urban Living EntertainmentParksTransportation Newsletter NEWSLETTER MUST READ: Bracebridge Townhome Project Takes Aim At Muskoka's "Attainability Problem" 1. Home> 2. Real Estate News> 3. Development Projects> 4. Rail Deck Park Plans Resubmitted, More Than 1,700 Additional Units Proposed> Development ProjectsCitiesTorontoReal Estate NewsOther (Canada)Featured True raildeckdevelopment.com Development Projects RAIL DECK PARK PLANS RESUBMITTED, MORE THAN 1,700 ADDITIONAL UNITS PROPOSED THE RESUBMISSION INCLUDES A NEW 68-STOREY TOWER — POISED TO BE THE TALLEST IN THE DEVELOPMENT — AS WELL AS 1,729 ADDITIONAL RESIDENTIAL UNITS ACROSS THE 'RAIL DECK DEVELOPMENT'. Zakiya Kassam September 10, 2024 02:37 PM Even in the earliest days of the project, the redevelopment of Toronto’s Rail Deck Park has promised to be a massive undertaking, drawing in major names in real estate to transform the forlorn site (just south of Front Street between Bathurst Street and Blue Jays Way) into the Rail Deck Development: a sprawling mixed-use community with thousands of residential units. And now, the planned development has gone from big to even bigger. Last spring, the project was anticipated to include nine towers ranging from 20 to 65 storeys in height, as well as 6,257 residential units, but the consortium of development companies behind it has recently upped the ante. -------------------------------------------------------------------------------- According to updated information supplied to STOREYS by LiUNA Pension Fund of Central and Eastern Canada (they have 100% ownership of the project) and Fengate Asset Management (they are managing the investment and development on LiUNA’s behalf) “extensive community consultation” has prompted a revision of the plans, and the resubmission includes a new 68-storey tower — poised to be the tallest in the development — as well as 1,729 additional residential units, bringing the total unit count to 7,986. Rail Deck Development concept from the 2023 submission. (raildeckdevelopment.com) Tower heights have been adjusted pretty much across the board from the March 2023 submission to better “address housing supply issues,” according to LiUNA and Fengate. In the west block, towers that were at one point 38 and 32 storeys have been upped to 40 and 36 storeys. Similarly, in the centre block, tower heights of 64, 57, 51, and 40 storeys have been increased, respectively, to 72, 63, 58, and 45 — with the aforementioned 68-storey tower also having been added in. There’s only one building that has been brought down in height in response to feedback from the community and to improve sunlight conditions on neighbouring open space. That building is set to be situated in the east block and has been reduced in height from 20 storeys to a nine-storey podium. Also planned for the east block is a 40-storey tower that has been upsized to 61 storeys, as well as 65-storey tower that is unchanged from the March 2023 submission. raildeckdevelopment.com raildeckdevelopment.com “[The] Rail Deck Development represents a significant opportunity to deliver a new, truly livable neighbourhood with accessible public space, transit connectivity, and amenities,” said Jaime McKenna, President, Fengate Real Estate in a statement to STOREYS. “Collaboration with the local community has — and continues to be — central to this development. As we continue to move this landmark project through the development process and shape the future of downtown Toronto together, we look forward to more community engagement opportunities in the fall and hope to receive further feedback.” Other key updates outlined in this latest resubmission include the relocation of privately-owned public spaces from the centre block to an internal mid-block connection, an over 20% reduction in proposed parking supply, and the inclusion of direct access to the future Spadina-Front GO Station through the centre block to improve transit connectivity. raildeckdevelopment.com raildeckdevelopment.com Upon the project’s competition, the decked-over rail park is expected to accommodate approximately 14,033 sq. m of retail space, 7,646 sq. m of commercial space, three daycares with private outdoor play space, a community hub, a hotel, and an “urban lounge” fronting onto a city-owned public park. Site plans from last spring specify a "focus on family-sized units" and a "commitment to affordable housing." In addition to LiUNA and Fengate, the project team on the Rail Deck Development includes Sweeny&Co Architects, SvN Architects + Planners, Innovia, BA Group, R.E. Millward + Associates, RJC Engineers, and ARUP. The project was first proposed in the spring of 2022, at which time 11 towers were planned with the highest being "north of 70 storeys." Those plans were adjusted thereafter to reflect the March 2023 resubmission amid "fundamental concerns" from City staff. From Your Site Articles * The Future of Toronto's Rail Deck Park Suddenly in Doubt › * Toronto’s Rail Deck Park Project is Alive; Completion Expected in 2025 › * Nine-Tower Development Proposed For Rail Deck Park Site › * 39-Storey Mixed-Use Tower Proposed For Bathurst And Finch › Related Articles Around the Web * Rail Deck Park - Wikipedia › Development Projects TRENDING IndustrialCitiesBritish Columbia / AlbertaFeaturedCommercialSurrey Industrial TRANSLINK PAYS $86.5M FOR TWO INDUSTRIAL PROPERTIES IN SURREY WE'RE SWOONING OVER THIS STUNNING MIDTOWN FAMILY HOME Real Estate NewsConstructionCitiesTorontoOther (Canada)Featured Real Estate News "A 'COST TO BUILD' CRISIS": GTA NEW HOME SALES DOWN 70% OVER LAST SEPTEMBER PolicyFinanceTaxesOther (Canada)Real Estate NewsBritish Columbia / AlbertaFeatured Policy POILIEVRE PLEDGES TO “AXE” GST FROM NEW HOMES UNDER $1M Urbanity FairInsidersOther (Canada)Featured Urbanity Fair I WATCHED ‘ADA - MY MOTHER THE ARCHITECT,’ AS A MOTHER AND AN ARCHITECT YOU MAY ALSO LIKE Property badge Listed CommercialIndustryDevelopment ProjectsOther (Canada)CitiesBramptonPropertiesReal Estate NewsFeatured Listed Commercial BRAMPTON, CALEDON DEVELOPMENT LANDS IN RECEIVERSHIP LISTED BY JLL, RE/MAX THE LANDS WERE PLACED UNDER RECEIVERSHIP ON JUNE 26 AMID ALLEGATIONS THAT THE SITE OWNER WAS INDEBTED TO ITS SENIOR SECURED LENDERS IN THE BALLPARK OF $90M. Development ProjectsCitiesTorontoReal Estate NewsOther (Canada)Featured Development Projects 40-STOREY DEVELOPMENT IN THE VILLAGE TO PROVIDE HOUSING AND QUEER COMMUNITY SPACE IF APPROVED, THE DEVELOPMENT WOULD NOT ONLY BRING MUCH-NEEDED HOUSING TO THE VILLAGE, BUT, THROUGH A PARTNERSHIP WITH PRIDE TORONTO, DELIVER A COMMUNITY SPACE THAT COULD BE A HUB FOR THE ANNUAL PRIDE FESTIVAL AND MORE. IndustryDevelopment ProjectsCitiesFeaturedReal Estate NewsBritish Columbia / AlbertaSurrey Industry WATERSTOCK PROPERTIES' SURREY SOUTHEND VILLAGE MASTER PLAN UNDER FORECLOSURE WATERSTOCK PROPERTIES WAS PLANNING FOUR BUILDINGS ALONG 16 AVENUE IN SURREY, NEAR PEACH ARCH HOSPITAL. 685-ACRE BUCK LANE RANCH IN BC SOUTHERN INTERIOR HITS MARKET FOR $15.5M THIS PROPERTY IS IN A REMOTE LOCATION — THE CLOSEST MAJOR CITY IS PENTICTON, ABOUT A TWO-HOUR DRIVE AWAY — BUT WITH RANCH PROPERTIES, THAT'S OFTENTIMES EXACTLY THE APPEAL. Meet The AgentInsidersOther (Canada)Featured Meet The Agent MEET THE COMMERCIAL AGENT: JACOB CAMPAGNARO, ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES IT'S TIME TO SAY "HELLO" TO JACOB CAMPAGNARO OF ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES, WHO FOCUSES ON THE GTHA, NIAGARA, AND SOUTHERN ONTARIO. MuskokaBreaking NewsDevelopment ProjectsOther (Canada)Cottage CountryAffordable HousingReal Estate NewsFeatured Muskoka PROPOSED BRACEBRIDGE TOWNHOME PROJECT AIMS TO TACKLE MUSKOKA'S "ATTAINABILITY PROBLEM" THE EXCITING INFILL PROJECT PLANS TO TACKLE ATTAINABILITY AND SUSTAINABILITY THROUGH INNOVATIVE MEASURES INCLUDING INCREASED ENERGY EFFICIENCY AND A CO-OWNERSHIP PROGRAM. Real Estate NewsOther (Canada)British Columbia / AlbertaFeatured Real Estate News STATCAN UNVEILS FIRST RENOVATION PRICE INDEX, REPORTS MOST ‘COST PRESSURE’ ON WEST COAST “THERE HAS BEEN GROWING INTEREST IN UNDERSTANDING PRICE CHANGES IN THIS SECTOR IN RECENT YEARS, AS INCREASING RENOVATION ACTIVITY HAS LED RESIDENTIAL RENOVATIONS TO ACCOUNT FOR A GROWING SHARE OF GROSS FIXED CAPITAL FORMATION IN RESIDENTIAL STRUCTURES,” STATCAN SAID ON FRIDAY. PolicyDevelopment ProjectsReal Estate NewsOther (Canada)Featured Policy FORD GOVERNMENT VOTES DOWN BILL AIMED AT SPEEDING UP OFFICE CONVERSIONS BILL 102, THE COMMERCIAL TO RESIDENTIAL CONVERSION ACT, 2024, WAS TABLED BY LIBERAL MPP KAREN MCCRIMMON IN MAY IN RESPONSE TO HIGH OFFICE BUILDING VACANCIES IN ONTARIO. RentingCitiesTorontoReal Estate NewsOther (Canada)Featured Renting OVER 50% OF SCREENED APPLICATIONS FRAUDULENT: TORONTO RENTERS GRAPPLE WITH “FINANCIAL STRUGGLE” MENKES' KIMBERLY SEARS TELLS STOREYS THAT THE COMPANY HAS SCREENED “OVER 175 OFFERS TO LEASE” OVER A SIX-MONTH COURSE, AND OF THOSE, “OVER 90 OF THEM WERE DISQUALIFIED DUE TO DISCREPANCIES FOUND DURING THE SCREENING PROCESS.” Property badge Listed CountryPropertiesBritish Columbia / AlbertaFeaturedSponsored Content Listed Country WATERFRONT OASIS WITH PRIVATE DOCK ON BC'S GABRIOLA ISLAND ASKS $2.5M THIS ARTS-AND-CRAFTS-STYLE HOME IS CURRENTLY ON THE MARKET WITH AN ASKING PRICE OF $2,499,000. AND IT'S MORE THAN A WORK OF ART; IT'S A MASTERPIECE. Development ProjectsCitiesBramptonReal Estate NewsSponsored Content Development Projects INNOVATION AND VALUE ABOUND AT ARBOR WEST IN BRAMPTON AS CONVERSATIONS AROUND AFFORDABILITY AND CALLS FOR INNOVATIVE HOUSING SOLUTIONS CONTINUE TO SWIRL, CAIVAN'S NEWEST LAUNCH AT ARBOR WEST IS ANSWERING THE CALL. Development ProjectsCitiesVaughanReal Estate NewsOther (Canada)Featured Development Projects BEHEMOTH 17-BUILDING DEVELOPMENT OFFERING OVER 10,000 UNITS PROPOSED IN VAUGHAN THE TOROMONT INDUSTRIES DEVELOPMENT COULD TRANSFORM VAUGHAN'S SKYLINE VIA THE CONSTRUCTION OF 17 NEW MIXED-USE RESIDENTIAL BUILDINGS RANGING IN HEIGHT FROM 43 TO 74 STOREYS, CONTAINING OVER 10,000 NEW RESIDENTIAL UNITS. EconomyFinanceOther (Canada)British Columbia / AlbertaFeatured Economy RBC ALREADY CALLING FOR ANOTHER 50-BPS INTEREST RATE CUT IN DECEMBER “WE CONTINUE TO EXPECT ONE MORE 50-BPS RATE CUT FROM THE BOC THIS DECEMBER TO BRING THE OVERNIGHT RATE TO THE TOP END OF THE BOC’S ESTIMATE OF ITS NEUTRAL RANGE (3.25%) BEFORE A RETURN TO A MORE GRADUAL PACE OF EASING IN 2025.” IndustryReal Estate NewsBritish Columbia / AlbertaFeatured Industry PROP-TECH PLATFORM SPARK ANNOUNCES “STRATEGIC ACQUISITION” OF JUNIPER “THE ACQUISITION OF JUNIPER EXTENDS THE SPARK OFFERING BEYOND THE SALES AND MARKETING TIMELINE, AND INTO COMPLETION, WARRANTY MANAGEMENT AND HOMEOWNER CARE, COVERING MORE OF THE REAL ESTATE DEVELOPMENT JOURNEY.” IndustryCitiesTorontoReal Estate NewsOther (Canada)Featured Industry ICYMI: REAL ESTATE INSIDERS EXPLORE DIGITAL FUTURE OF THE INDUSTRY (PHOTOS) THIS YEAR’S EDITION OF TELLING STOREYS, “THE FUTURE OF THE REAL ESTATE BROKERAGE MODEL,” TOOK OVER THE YORK MILLS GALLERY LAST WEEK. THE EVENT SERVED AS A RICH EXPLORATION OF HOW REAL ESTATE CAN THRIVE IN THE MODERN DIGITAL LANDSCAPE. Development ProjectsBreaking NewsReal Estate NewsBritish Columbia / AlbertaFeatured Development Projects PCI DEVELOPMENTS REFINES TWIN 39-STOREY SPRING STREET PROJECT IN PORT MOODY THE TRANSIT-ORIENTED DEVELOPMENT IS PLANNED FOR 60 WILLIAMS STREET AND 3006-3020 SPRING STREET AND WILL ALSO INCLUDE A PUBLIC TRANSIT PLAZA ADJACENT TO MOODY CENTRE STATION. Privacy PolicyAbout UsTerms of UseAdvertise with UsJobsContact UsRSS Feed 2024 © STOREYS PUBLISHING INC. | ALL RIGHTS RESERVED HELLO CANADA! Sign up for STOREYS' Daily Newsletter and never miss the day's Top Storey. Delivered Mon-Thu afternoons JOIN NOW