Koops65
Senior Member
Last edited:
- Thread starter Edward Skira
- Start date
torontologist
Active Member
So much change happening here over the next 10 years... the area will be unrecognizable. It took me about two minutes to find 49 Ontario among the cluster of towers, and this is my own neighbourhood!
abovegrade
Active Member
THIS IS SOO HANDSOMEE
Skyhighzz
Active Member
Wow!! Dream Unlimited. Alliance Arch. Arcadis. Cheers to whomever pushed for a more sleek, less clunky design & vibrant red brick tone. Smarter w good color in that neighborhood. Lock it in.
70Challenger
Active Member
New design is sleek, like the TD Center but red. Nice to see the podium reduced to match the existing context rooflines.
AlbertC
Superstar
Dream Impact secures financing for 2 major downtown T.O. projects
Dream Impact Trust (MPCT-UN-T) and its partners have secured financing for one major downtown Toronto multifamily project, and have “conditional approval” for financing for a second site which, combined, would deliver over 2,400 rental units to the downtown market.
renx.ca
Dream Impact secures financing for 2 major downtown T.O. projects
Dream Impact Trust (MPCT-UN-T) and its partners have secured financing for one major downtown Toronto multifamily project, and have “conditional approval” for financing for a second site which, combined, would deliver over 2,400 rental units plus other space to the downtown market.
In an announcement Thursday morning, Dream Impact reports financing is now in place for the redevelopment of 49 Ontario St., which would provide over 1,200 rental homes at full build-out.
It is also finalizing financing for an additional 1,200 apartments planned for the multi-phased Quayside redevelopment.
“Both 49 Ontario St. and Quayside are projects named as part of a broader partnership between the City of Toronto and the federal government to deliver affordable and purpose-built rental housing in Toronto,” Dream Impact states in the announcement.
49 Ontario is planned for a highrise redevelopment (an existing office property) which would include approximately 800,000 square feet of residential density. Dream's plans also called for approximately 68,000 square feet of office or commercial density.
Dream Impact Trust has been publicly searching for a partner to assist in developing that site.
Dream said it expects to release additional details about the projects in conjunction with the release of its Q1 2025 financials on May 5.
Application Details
www.toronto.ca
Minor Variance application with the following stat changes:
- East tower increased from 44 to 45 storeys. Height increased from 143.08 to 148.25m
- West tower remains 49 storeys with a height increase from 156 to 160.25m
- Total vehicular parking decreased from 176 to 169
- Total bicycle parking decreased 1266 to 1012
No CoA Hearing scheduled yet.
Dregs
New Member
Demolition Permit application for the office building is being issued.
DSCToronto
Superstar
At C of A on 13 AugustApplication Details
Minor Variance application with the following stat changes:
No new renderings.
- East tower increased from 44 to 45 storeys. Height increased from 143.08 to 148.25m
- West tower remains 49 storeys with a height increase from 156 to 160.25m
- Total vehicular parking decreased from 176 to 169
- Total bicycle parking decreased 1266 to 1012
No CoA Hearing scheduled yet.
PMT
Senior Member
citylights
New Member
Centrecourt is going to help Dream take this on.
renx.ca
CentreCourt to join Dream JV to co-develop 49 Ontario in Toronto
Dream Unlimited Corp. (DRM-T) has found its partner to co-develop a major two-tower multifamily project at 49 Ontario St., in Toronto, announcing late Monday that CentreCourt will enter a joint venture to develop the site.
renx.ca
denfromoakvillemilton
Senior Member
Glad to see this will move forward!
1Ć0
Active Member
Some more stuff on the partnership from Storeys:
storeys.com
and
There is going to be an excessive amount of rental product in Corktown/Moss Park/Distillery when you combine this project, ROQ, all the rentals in Distillery and multiple Fitzrovia sites. Great for affordability, but I have no clue if and how this will all pencil out
Dream Impact Trust Sells 10% Stake In 49 Ontario To CentreCourt, Eyes Further Asset Sales
Dream Unlimited (TSX: DRM) previously submitted an application for a 49-storey and 45-storey tower at 49 Ontario Street in Toronto.
storeys.com
and
There is going to be an excessive amount of rental product in Corktown/Moss Park/Distillery when you combine this project, ROQ, all the rentals in Distillery and multiple Fitzrovia sites. Great for affordability, but I have no clue if and how this will all pencil out
innsertnamehere
Superstar
The immense amount of rental underway and limited immigration patterns for the foreseeable future mean rents will likely stay down and dropping for a while.. no shortage of stock coming online and little demand to fill it. Latest census estimates actually show the GTA shrinking in population last quarter.