Toronto Community Housing acquired the property at 288 King Street East in late 2006 from Context Development Corporation. While Context had originally planned on developing a market condominium, the zoning is also suitable for affordable rental housing.

Toronto Community Housing’s plan is to work within the existing zoning and develop a building that will be similar in size and appearance to the previously conceived condominium project. The new building will have 184 suites of mostly family-oriented rental housing. The new building will feature state of the art environmental technologies, as part of Toronto Community Housing’s commitment to sustainable development. Construction is scheduled to begin in the summer of 2007 and will be completed in early 2009.