The City of Toronto is partnering with private developer Context Development to build hundreds of new affordable housing and rental units on Queen East.
The project, which will be located at Queen Street East and Coxwell Avenue, will feature a mix of affordable housing, rental units, condominiums, and retail space. The complex, made up of 750 homes, will feature 120 affordable units operated by Toronto Community Housing (TCH).
— CBC Toronto (@CBCToronto) October 28, 2019
Context Development will be funding the project in its entirety, and the new complex will replace TCH’s Don Summerville complex at 1555-1575 Queen St. E. Current tenants living in those units will be temporarily relocated to other affordable housing communities in Toronto.
The project will feature 120 rent-geared-to-income units operated by TCH, 100 affordable rental units (half of which will be privately owned), 180 market-rate rental units, 350 condominium units, and 16,000 square feet of commercial retail space.
City of Toronto partnership will create hundreds of new homes in Queen East – Canada NewsWire: https://t.co/bWkxRuzncu
— Urban Toronto (@urbantoronto) October 28, 2019
“This is truly an example of what we can do,” Mayor John Tory explained, according to CBC. “It is a remarkable effort and it is one worth celebrating.”
Construction is set to start in 2020, and work is anticipated to be complete in late 2023.
Lead photo courtesy of the Toronto Community Housing Corporation.