CreateTO
The full agenda, as filed
All 10 items in the clerk’s order. Each carries the city’s own words: the staff recommendation, what the body decided, and its status. Nothing below is written by us.
RA16.1received
Appointment to the CreateTO Board of Directors
At its meeting on December 17 and 18, 2024, City Council considered Item NC15.3 , entitled "Appointment of a Public Member to the CreateTO Board" and appointed Sheerin Sheikh to the CreateTO Board for a term of office starting on December 19, 2024 and ending on March 28, 2026. All members are appointed at pleasure of Council and serve until successors are appointed. This appointment is the result of the resignation of the former Chair, Ron Carinci, on November 4, 2024, and City Council's appointment of a sitting member, Allison Mendes, as Chair effective November 15, 2024.
The Board of Directors of CreateTO received the item for information.
RA16.2adopted
In recognition of the urgent need to expedite efforts to transform Toronto's housing system, this report provides the CreateTO Board of Directors with a broad update of 2024 housing-related work items: · Priority housing sites, with proponents and equity confirmed (4 sites) · Housing sites with secured proponents (4 sites) · Housing sites that are zoned and tracking to market calls/securing a proponent (9 sites) · Housing sites in market (none currently) · Housing sites tracking to final zoning (3 sites) · Update: Portfolio Wide Risk Factors
The Board of Directors of CreateTO: 1. Received the report (January 16, 2025) from the Chief Executive Officer, CreateTO for information.
Staff recommendation as filed
The Chief Executive Officer recommends that the Board of Directors of CreateTO receive this report for information.
RA16.3amended
Updated Business Case for 158 Borough Drive
This report recommends the CreateTO Board of Directors endorse the updated business case in support of a market offering for the site located at 158 Borough Drive. A business case for this site was previously considered and approved at the April 12, 2022 meeting of the Board of Directors. However, due to unprecedented cost escalations and cost uncertainty in the real estate market at that time, a market offering for the 1.57-acre site was not issued. Since that time, CreateTO staff have worked closely with their partners in the Housing Secretariat to revisit the business case for the property to ensure it was appropriately structured and funded to address new Council priorities and direction. This includes direction received via the Generational Transformation of Toronto's Housing System Report (2023.EX9.3) , and Launching the Rental Housing Supply Program (2024.PH13.8) . The final development concept for the property remains unchanged. It includes 27 and 42-storey towers above a 6-storey base podium which can achieve approximately 687 residential units over 548,830 square feet of residential GFA, including 229 affordable rental units. The proposal includes the potential for a 62-child daycare facility or other community use of approximately 8,500 square feet on the ground level, subject to City funding. The intent is to bring this site to market in the first quarter of 2025 through a real estate brokerage. Following the market offering process, CreateTO staff will report to the CreateTO Board on the proponent selection prior to finalization of legal agreements.
The Board of Directors of CreateTO: 1. Endorsed the updated business case for 158 Borough Drive, as presented in Confidential Attachment 1 to the report (January 16, 2025) from the Chief Executive Officer, CreateTO and, subject to further approvals from relevant City officials, directed the Chief Executive Officer, CreateTO to: a. release to market 158 Borough Drive, conditional on approval by relevant City authorities; and b. retain the services of a fairness monitor to oversee and ensure an open, fair and transparent market offering process. 2. Authorized the public release of the information in Confidential Attachments 1 and 2 to the report (January 16, 2025) from the Chief Executive Officer, CreateTO following the expiry of the lease with the successful proponent, and at the discretion of the Chief Executive Officer, CreateTO.
Staff recommendation as filed
The Chief Executive Officer, CreateTO, recommends that the Board of Directors of CreateTO: 1. Endorse the updated business case for 158 Borough Drive, as presented in Confidential Attachment 1 to the report (January 16, 2025), and, subject to further approvals from relevant City officials, direct the Chief Executive Officer, CreateTO to: a. release to market 158 Borough Drive, conditional on approval by relevant City authorities; and b. retain the services of a fairness monitor to oversee and ensure an open, fair and transparent market offering process. 2. Authorize the public release of the information in Confidential Attachments 1 and 2 to the report, (January 16, 2025), at the conclusion of the Housing Now program, and at the discretion of the Chief Executive Officer, CreateTO.
RA16.4amended
Updated Business Case for Bloor-Kipling (Six Points), Block 5 (970 Kipling Ave)
This report recommends the CreateTO Board of Directors endorse the updated business case in support of a market offering for Bloor-Kipling (Six Points) Block 5 site located at 970 Kipling Avenue ("970 Kipling Avenue"). A business case for this site was previously considered and approved at the June 3, 2022, meeting of the Board of Directors. However, due to unprecedented cost escalations and cost uncertainty in the real estate market at that time, a market offering for the 1.61-acre site was not issued. Since that time, CreateTO staff have worked closely with their partners in the Housing Secretariat to revisit the business case for the property to ensure it was appropriately structured and funded to address new Council priorities and direction. This includes direction received via the ' Generational Transformation of Toronto's Housing System to Urgently Build More Affordable Homes Report' (2023.EX9.3) and 'Launching the Rental Housing Supply Program Report' (2024.PH13.8) . The final development concept for the property remains unchanged. It includes a 28- storey tower at the corner of Dundas Street West and Beamish Drive and a 12-storey building at the corner of Kipling Avenue and Dundas Street West. The buildings are connected by a base building ranging in height from 8-11 storeys, which can achieve approximately 586 residential units, including approximately 195 affordable rental units. The proposal includes approximately 37,800 sq.ft. of non-residential uses, including retail and commercial uses fronting Kipling Avenue and Dundas Street West. This proposal will also include city-building features, such as the use of district energy and the addition of a new linear park (Dundas Street West Park) located along the western frontage of the site. The intent is to bring this site to market in the first quarter of 2025 through real estate brokerage services. Following the market offering process, CreateTO staff will report to the CreateTO Board on the development partner selection prior to finalization of legal agreements.
The Board of Directors of CreateTO: 1. Endorsed the updated business case for 970 Kipling Avenue, as presented in Confidential Attachment 1 to the report (January 16, 2025) from the Chief Executive Officer, CreateTO, and, subject to further approvals from relevant City officials, directed the Chief Executive Officer, CreateTO to: a. release to market 970 Kipling Avenue, conditional on approval by relevant City authorities; and b. retain the services of a fairness monitor to oversee and ensure an open, fair, and transparent market offering process. 2. Authorized the public release of the information in Confidential Attachments 1 and 2 to the report (January 16, 2025) from the Chief Executive Officer, CreateTO following the expiry of the lease with the successful proponent, and at the discretion of the Chief Executive Officer, CreateTO.
Staff recommendation as filed
The Chief Executive Officer, CreateTO recommends that the Board of Directors of CreateTO: 1. Endorse the updated business case for 970 Kipling Avenue, as presented in Confidential Attachment 1, and, subject to further approvals from relevant City officials, direct the Chief Executive Officer, CreateTO to: a. release to market 970 Kipling Avenue, conditional on approval by relevant City authorities; and b. retain the services of a fairness monitor to oversee and ensure an open, fair, and transparent market offering process. 2. Authorize the public release of the information in Confidential Attachments 1 and 2 at the conclusion of the Housing Now program, and at the discretion of the Chief Executive Officer, CreateTO.
RA16.5amended
2025 CreateTO Annual Objectives and Work Plan
This report seeks approval from the Board of Directors of CreateTO on the organization's Annual Objectives and performance objectives for the Chief Executive Officer. This report also provides CreateTO's anticipated 2025 Work Plan. CreateTO's 2025 Annual Objectives and the corresponding performance objectives of the Chief Executive Officer for 2025 are provided in Confidential Attachment 1. CreateTO's 2025 Work Plan, with key milestones and target deliverables, is provided in Confidential Attachment 2.
The Board of Directors of CreateTO: 1. Approved CreateTO's 2025 Annual Objectives and the performance objectives for the Chief Executive Officer for 2025, as detailed in Confidential Attachment 1 to the report (January 16, 2025) from the Chief Executive Officer, CreateTO. 2. Directed the Chief Executive Officer, CreateTO to replace Confidential Attachment 2 to the report (January 16, 2025) from the Chief Executive Officer, CreateTO, to replace the names of the appropriate housing programs in the Description column. 3. Requested the Chief Executive Officer, CreateTO to report back to the Board of Directors of CreateTO in 2025 if there are substantive updates to the Work Plan outlined in Confidential Attachment 2 to the report (January 16, 2025) from the Chief Executive Officer, CreateTO, such as additional City Council direction on the implementation of the City's housing plan. 4. Directed that Confidential Attachment 1 to the report (January 16, 2025) from the Chief Executive Officer, CreateTO remain confidential in its entirety, as it deals with personal matters about an identifiable individual and deals with a proposed or pending acquisition or disposition of land(s) by the Board of Directors of CreateTO, and/or the City. 5. Directed that Confidential Attachment 2 to the report (January 16, 2025) from the Chief Executive Officer, CreateTO remain confidential in its entirety, as it deals with a proposed or pending acquisition or disposition of land(s) by the Board of Directors or CreateTO, and/or the City.
Staff recommendation as filed
The Chief Executive Officer, CreateTO recommends that the Board of Directors, CreateTO: 1. Approve CreateTO's 2025 Annual Objectives and the performance objectives for the Chief Executive Officer for 2025, as detailed in Confidential Attachment 1. 2. Request that the Chief Executive Officer, CreateTO, report back to the Board in 2025 if there are substantive updates to the Work Plan outlined in Confidential Attachment 2, such as additional City Council direction on the implementation of the City's housing plan. 3. Direct that Confidential Attachment 1 remain confidential in its entirety, as it deals with personal matters about an identifiable individual and deals with a proposed or pending acquisition or disposition of land(s) by the Board of Directors, CreateTO, and/or the City. 4. Direct that Confidential Attachment 2 remain confidential in its entirety, as it deals with a proposed or pending acquisition or disposition of land(s) by the Board of Directors, CreateTO, and/or the City.
RA16.6received
ModernTO: Selection of Proponent for 610 Bay Street and 130 Elizabeth Street
City Council on November 13 and 14, 2024, adopted Item EX18.4 and, in so doing, has authorized the Board of Directors of CreateTO to direct the Chief Executive Officer, CreateTO, in consultation with the Executive Director, Housing Secretariat and the Executive Director, Corporate Real Estate Management, to negotiate transaction agreements, including one or more ground leases, one or more municipal housing facility agreements, and such other documents as may be necessary to finalize the arrangements with the Preferred Proponent, substantially on the terms identified in Confidential Attachment 4 to the report (October 15, 2024) from the Chief Executive Officer, CreateTO and such other terms and conditions deemed appropriate by the Chief Executive Officer, CreateTO, the Executive Director, Housing Secretariat and the Executive Director, Corporate Real Estate Management.
The Board of Directors of CreateTO received the item for information.
RA16.7amended
Strengthening the City of Toronto's Housing Development Capacity to Deliver Housing Faster
City Council on December 17 and 18, 2024, adopted Item EX19.1 as amended and, in so doing, has requested the Board of Directors of CreateTO to direct the Chief Executive Officer, CreateTO to continue to bring forward potential housing sites and opportunities to the City of Toronto, for consideration and decision, and advance work on housing opportunities at the direction of the City.
The Board of Directors of CreateTO: 1. Directed the Chief Executive Officer, CreateTO, to continue to bring forward potential housing sites and opportunities to the City of Toronto ("City"), for consideration and decision, and advance work on housing opportunities at the direction of the City.
RA16.8amended
City Council on December 17 and 18, 2024, adopted Item PH17.7 and, in so doing, has requested the Board of Directors of CreateTO to request the Chief Executive Officer, CreateTO, and the Board of Directors of Toronto Community Housing Corporation to request the Chief Executive Officer of Toronto Community Housing Corporation to work with the Executive Director, Housing Secretariat, to incorporate affordable and attainable housing in appropriate future housing development projects on public lands to be made available on a leasehold basis.
The Board of Directors of CreateTO: 1. Directed the Chief Executive Officer, CreateTO, to work with the Executive Director, Housing Secretariat, to incorporate affordable and attainable housing in appropriate future housing development projects on public lands to be made available on a leasehold basis.
RA16.9amended
Commuter Parking Opportunities for 777 Victoria Park Avenue
City Council on December 17 and 18, 2024, adopted Item PH17.9 and, in so doing, has requested the Board of Directors of CreateTO to direct the Chief Executive Officer, CreateTO, and the Executive Director, Corporate Real Estate Management, in consultation with the President, Toronto Parking Authority, to: a. Undertake a parking utilization study of 705 Warden Avenue to determine available capacity; b. Undertake continued due diligence to further explore options for offsite paid Green P public parking facility as outlined in Confidential Attachment 1 to the report (November 21, 2024) from the Executive Director, Corporate Real Estate Management; and c. Report to City Council in or before the fourth quarter of 2025 with results of the parking utilization study at 705 Warden Avenue and the due diligence analysis to establish a new off site Green P parking facility, including updated financial estimates, and recommend the most suitable commuter parking solution(s).
The Board of Directors of CreateTO: 1. Directed the Chief Executive Officer, CreateTO to collaborate with the Executive Director, Corporate Real Estate Management, in consultation with the President, Toronto Parking Authority, to: a. undertake a parking utilization study of 705 Warden Avenue to determine available capacity; b. undertake continued due diligence to further explore options for offsite paid Green P public parking facility as outlined in Confidential Attachment 1 to the report (November 21, 2024) from the Executive Director, Corporate Real Estate Management in Item 2024.PH17.9 ; and c. report to City Council in or before the fourth quarter of 2025 with results of the parking utilization study at 705 Warden Avenue and the due diligence analysis to establish a new off site Green P parking facility, including updated financial estimates, and recommend the most suitable commuter parking solution(s).
RA16.10received
Policy Framework - City Response to Demonstrations
City Council on December 17 and 18, 2024, adopted Item CC24.2 as amended and, in so doing, has: 1. Adopted the Policy Framework - City Response to Demonstrations in Attachment 1 to the report (December 10, 2024) from the City Manager and direct the City Manager to update the Framework as necessary to ensure the Framework remains current and responsive to the City's needs and priorities. 2. Requested City agencies and corporations to refer to the Policy Framework - City Response to Demonstrations in Attachment 1 to the report (December 10, 2024) from the City Manager as a model and align applicable policies and procedures to be consistent with the City's approach where appropriate.
The Board of Directors of CreateTO received the item for information.