Housing Now Business Case for Bloor-Kipling (Six Points) - Block 1

Within the Bloor-Kipling site, Block 4 is the location of the proposed new Etobicoke Civic Centre (ECC), Block 2 is a future City Park and Blocks 1, 3, 5, 6 and 7, (11.82 acres) are future Housing Now development parcels. CreateTO, in collaboration with City staff, have been working with the consultant team to prepare a Block Context Plan (BCP) for the site. The BCP establishes the design vision for new streets, parks and open spaces and built form to inform and advance development of the Blocks and the phasing or market offerings for affordable housing. Block 1, a 2.47 acre site located east of the Kipling Avenue, south of the Dundas Street West and north of the rail corridor, is the first block to be considered for the market offering process. The current development statistics for Block 1 are outlined in Table 1. The built form for the remainder of the Bloor-Kipling (Six Points) site can be found in Attachment 1. Table 1: Bloor-Kipling (Six Points), Block 1 Development Statistics RESIDENTIAL UNIT COUNT Total Estimated Unit Count 568 Total Estimated Rental Units 379 Minimum Affordable Rental Units 189 BUILT FORM Residential Uses 1. Two tall buildings: - N/W Tower: 18 Storeys - S/E Tower: 25 Storeys 2. Four Mid-rise blocks -Fronting St. Albans Road: 5-7 storeys -Fronting Dundas Street West: 7-10 storeys -Fronting Biindagen Trail: 6-storeys -Fronting Adobigok Pathway: 5 storeys Non-Residential Uses 1. Retail uses at grade along Dundas Street West and Kipling Avenue and Biindagen Trail 2. Commercial space on the second floor fronting Dundas Street West 3. Courtyard: Publicly Accessible Space (PAS) CITY BUILDING FEATURES 1 -Retail uses that will create activity and support residents needs -Commercial uses offering local space to work -Publically Accessible Spaces (PAS) providing intimate space for community gatherings and events -District Energy: all heating and cooling needs will be provided by a low-carbon thermal district energy network 1. Community services and facilities will be located in Block 4, the proposed location for the ECC The intent is to bring Block 1 to market in June 2021. Following the market offering process, CreateTO staff will report to the CreateTO Board on the proponent selection, prior to finalizing the ground lease agreement, project agreement and contribution agreement, collectively the ("Agreements"). The CreateTO Board will review for approval, the terms and conditions for the proposed agreements with the successful proponent. The lease agreements will be executed prior to the completion of the Site Plan Control process by the developer proponent.

Release to market Block 1, of the Bloor-Kipling (Six Points) site, in the second quarter of 2021, including entering into agreements conditional on approval by relevant City authorities; b. Retain the services of a fairness monitor to oversee and ensure an open, fair and transparent market offering process; c. Retain the services of a broker to engage the market and lead the market offering process with CreateTO staff. 2. Authorize the public release of the information in Confidential Attachments 1 and 2 following completion of the transactions contemplated in this report and at the discretion of the Chief Executive Officer, CreateTO.