Tuesday, January 31, 2023
  • Home
  • News
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Disclaimer
  • DMCA Notice
  • Contact
No Result
View All Result
No Result
View All Result
Home News

TAS Partners with Woodbourne to Co-Develop High-Profile Site, 2 Tecumseth

by Editor
December 1, 2021
in News
TAS Partners with Woodbourne to Co-Develop High-Profile Site, 2 Tecumseth

Progress has been made on the 5-acre mixed-use community 2 Tecumseth planned for Toronto’s Niagara neighbourhood, just west of the city’s downtown core.

Last fall, Toronto-based developers TAS received zoning approval to build five buildings: two towers, one mid-rise, and two low-rises. The buildings would house nearly one million square feet of mixed-use developments including a mix of commercial, employment, and residential uses.

Now, it’s been confirmed that TAS has sold a 75% interest in its five-building, 825,000-square-foot 2 Tecumseth development to Woodbourne Capital Mgmt. Together, TAS and Woodbourne will co-manage the redevelopment of the zoned, high-profile site near King and Bathurst Streets into a globally leading mixed-use campus.

Woodbourne is also a partner on an even wider-scale project, (and is handling the rental component of) The Well, a 3.1-million-square-foot, multi-tower development in downtown Toronto that has been touted as the most ambitious mixed-use project in the country.

READ: 5-Acre Master-Planned Community Poised to Rise at 2 Tecumseth

“We are thrilled to partner with Woodbourne, an established leader in the Canadian multi-family residential space, to transform one of the last major revitalization opportunities in the downtown core,” said Mazyar Mortazavi, President & Chief Executive Officer, TAS. “2 Tecumseth will be an incredible new community that seeks to embrace the complexities that make neighbourhoods great.”

Over the years, the site has formed a storied history. 2 Tecumseth sits on land that was originally part of the Ancestral Traditional Territories of the Ojibway, the Anishinaabe and the Mississauga of the New Credit. The site currently is home to a municipal-turned-commercial abattoir named Quality Meat Packers that was closed off from, and increasingly in conflict with its local neighbourhood.

The project will preserve key elements of the site’s industrial past, including portions of the former abattoir and existing historic smokestack and scale on the site. The neighbouring Wellington Destructor project, of which TAS was recently approved as the long-term head lessee, will also be incorporated into the project.

Upon completion, the sprawling site will feature a four-building, mixed-use master-planned campus-style community and 920 new homes, including both purpose-built rental and for-sale condominiums. A sustainable aspect of the project will be a planned geothermal district energy system.

Over an acre of public realm improvements and new parks, including a four-metre-wide bike path along the site’s southern boundary, will also be constructed. And, as part of a second development phase, a mid-rise office building will also be built on the site.

2 Tecumseth2 Tecumseth/TAS

Centrally located in Toronto’s South Niagara neighbourhood in the heart of the arts and entertainment corridor, 2 Tecumseth is well serviced by higher-order transit, including a future Metrolinx Ontario Line station under a five-minute walk away at King Street and Bathurst Street.

Ample new pedestrian and cycling infrastructure will also connect the campus to King and Queen Streets West to the north, the Financial District to the east, Fort York and The Bentway to the south, and Liberty Village to the west.

“This project is a once-in-a-lifetime city-building opportunity,” said Neil Vohrah, Chief Operating Officer, TAS. “The site housed a municipal-turned-commercial abattoir since the early 1910s and has historically been closed off from the vibrant neighbourhood that’s grown around it. We are excited to open it up to the public, deliver on TAS’s impact strategy, and create a new iconic destination where people from many walks of life can live, work, learn and connect.”

TAS submitted a Site Plan Approval application to City planners earlier this month, and construction is expected to begin in 2023.

The post TAS Partners with Woodbourne to Co-Develop High-Profile Site, 2 Tecumseth appeared first on Storeys.

ShareTweetShare

Related Posts

2 Growth Stocks to Buy and Hold Forever
News

3 Canadian Stocks to Buy That Could be Massive Long-Term Winners

October 13, 2022
Can You Retire a Millionaire by Just Investing in the S&P 500?
News

Can You Retire a Millionaire by Just Investing in the S&P 500?

March 27, 2022
Yes, Canada Has a Housing Affordability Crisis. Is It the Federal Government’s Fault?
News

Yes, Canada Has a Housing Affordability Crisis. Is It the Federal Government’s Fault?

March 27, 2022
21 Toronto Condo Launches You Need to Know About This Spring
News

21 Toronto Condo Launches You Need to Know About This Spring

March 27, 2022
“Slightly More Balanced Market” On the Way For the GTA This Spring
News

“Slightly More Balanced Market” On the Way For the GTA This Spring

March 27, 2022
New Ontario Data Standard Will “Even the Playing Field” For Housing Development Approvals
News

New Ontario Data Standard Will “Even the Playing Field” For Housing Development Approvals

March 26, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Read

Housing Market Created Good Alternative for Buyers with A number of Properties

Nearly $30 Billion in GTA Housing Linked to Money Laundering

November 18, 2021
How  Canadians can Protect their Money From Inflation

How Canadians can Protect their Money From Inflation

November 30, 2021
That is How A lot it Prices for a Household of 4 to ‘Thrive’ within the GTA

Are Investors the Cause, or Just the Blame, Behind Ontario’s Outrageous Housing Market?

November 26, 2021
A Transformation is on the Horizon for Toronto’s Jane and Finch Neighbourhood

A Transformation is on the Horizon for Toronto’s Jane and Finch Neighbourhood

November 12, 2021
Today’s Housing Market Looks a Lot Like 2017’s… That Should Worry Everyone

Today’s Housing Market Looks a Lot Like 2017’s… That Should Worry Everyone

February 16, 2022
Canadian Start-Up Aims to Deliver Flexible Payment Options for Renters

Canadian Start-Up Aims to Deliver Flexible Payment Options for Renters

January 22, 2022
  • Home
  • News
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Disclaimer
  • DMCA Notice
  • Contact

Copyright © 2021 The Canadian Investor | All Rights Reserved

No Result
View All Result
  • Home
  • News
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Disclaimer
  • DMCA Notice
  • Contact

Copyright © 2021 The Canadian Investor | All Rights Reserved