Developers jump to build rental homes after city offers to slash fees ...
Councillors voted overwhelmingly on Tuesday to move the plan forward. In total, the program will help build nearly 8,200 rental units, a quarter of which will be affordable. It will cost the city nearly $460 million in foregone revenue. City staff reviewed dozens of applications from developers and recommended council approve 17 projects.
The LCBO Lands, including historical structures such as the warehouse and offices, is being transformed into a vibrant mixed use community consisting of 4 new city blocks with the introduction of the Harbour St extension and a new north south street. The new LCBO headquarters is located in Block 1 at the southeast, fronting on Queens Quay.
Toronto City Council has approved zoning for three new housing developments that will add 1,087 rental units, including market and affordable homes, under the Toronto Builds policy framework approved in 2025. The projects, approved at a February 10 council meeting, are: 9 Shortt St., 1631 Queen St. E. and 405 Sherbourne St.
Additional Notes on City Designs Structures For Quarter Rent
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