Toronto Community Housing launches stage 2 of the Request for Proposals for Phases 4 and 5 of its Regent Park revitalization
TORONTO, April 9, 2019—The Toronto Community Housing Corporation (TCHC) has launched the second stage of its Request for Proposals (RFP) process to select a developer partner for the final phases of the Regent Park revitalization.
The RFP was sent to qualified proponents this week following last fall's Request for Vendor Qualifications process. The developer proponents who have now been invited to submit a proposal to develop Phases 4 and 5 of Regent Park are Capital Developments, The Daniels Corporation, and Tridel Builders Inc.
More than half of Regent Park, Canada's first social housing development, has now been rebuilt. "The project is past the halfway point and more than half the original homes in the community have been replaced by new apartments and townhouses," TCHC President and CEO Kevin Marshman said. "As we enter the last stage of redevelopment in Regent Park, we have ensured that proponents' vision for Phases 4 and 5 must include community economic development measures and a social-development approach, in addition to financial, legal and engineering criteria."
Developer partner selection is anticipated by the end of 2019. As part of the RFP evaluation process, a community presentation will be made by each of the proponents in summer 2019, where Regent Park residents will have an opportunity to rate the proponents' commitment to social engagement and community economic development, and this will count toward their final RFP evaluation score.
Construction on Phases 4 and 5 will begin once all municipal approvals are in place, including a Social Development Plan refresh document, site plans and building designs. The RFP document is available on the TCHC website.
About Toronto Community Housing
Toronto Community Housing is Canada's largest social housing landlord, providing homes for nearly 60,000 low and moderate-income households in neighbourhoods across the city. We are wholly owned by the City of Toronto and our 2,100 buildings represent a $10-billion public asset.
TCHC media line 416-737-1352 or firstname.lastname@example.org.