Projects

Future 35-Storey Residential Condominium with Retail Uses At Grade
Wellesley Street East, Toronto ON

INVESTMENT OPPORTUNITY

The redevelopment of this former service station is a joint venture between the Kilmer Brownfield Equity Fund and the Whitecastle New Urban Fund (managed by DiamondCorp). DiamondCorp was responsible for rezoning the site (1/3 acre) and the conceptual design of the 35-storey residential condominium building (286 units), with retail commercial uses at grade and multiple levels of underground parking. Kilmer was responsible for preparing and implementing a remedial strategy to support the planned redevelopment. The site is located within walking distance to both the Yonge and Bloor subway lines and is situated within an established community that has recently witnessed a variety of major intensification projects that are enhancing the vibrancy of this downtown neighbourhood. Redevelopment of the site will contribute towards the changing dynamics of this area.

The project will also include the provision of eight family-sized housing units for Habitat for Humanity, which were secured under a Section 37 Agreement with the City of Toronto for the approved rezoning. This is the first arrangement of its kind in Toronto.


Rendering of the 35-storey residential condominium with retail uses at-grade.

SITE RESTORATION

Kilmer addressed the residual environmental liability concerns of the previous land owner, a major oil company. The site's previous use as a service station since the 1930s led to petroleum hydrocarbon impacts to the subsurface soils and groundwater.

The remedial plan includes the removal of all sources of petroleum hydrocarbons from the former service station (petroleum storage and distribution facilities, already completed by Kilmer). The removal of remaining impacted soil and groundwater will be coordinated with the construction of the underground parking structure. The requirement to install a parking structure beneath the footprint of the new building will provide an appropriate barrier between the subsurface and any occupied building space.

Kilmer also placed a specialized environmental insurance policy to provide supplemental assurance and support for site redevelopment.

COMMUNITY ENGAGEMENT

Due to this site's close proximity to existing residential and commercial uses, as well as various institutional uses including an elementary school, communication with neighbours was critical to ensure that implementation of the site restoration program minimized any disturbances or nuisances to neighbours.

As an interim use of this former service station in a well established neighbourhood, Kilmer and DiamondCorp were proud to support ArtCity, a non-profit organization committed to providing after school art programs to the children and youth of the local community. Through a summer arts program, ArtCity created vibrant art panels to adorn hoarding along the two street frontages of the site, which will likely remain in place for several years for the public to enjoy.

Above: Former service station, showing the location of the site within an established high-density neighbourhood.

Above: Removal of underground infrastructure associated with the former service station.

 


Above: Mural attached to hoarding along property perimeter, created by neighbourhood children through ArtCity.

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